IL&FS raises $ 578 million real estate fund

Mumbai (PTI): IL&FS Investment Advisors on Wednesday said it has raised USD 578 million through its second real estate fund and targets to close the fund at USD 750 million.

IL&FS India realty Fund-II will invest in an entire gamut of real estate spaces across tier-I and tier-II cities, a press release issued here on Wednesday said.

IL&FS Investment Advisors is a wholly-owned subsidiary of IL&FS Investment Managers Limited (IIML).