Shivalik Fund Commences Investments with Rs 55 Crore in Realty Projects

Shivalik Fund, a SEBI-registered Category II Alternative Investment Fund (AIF) promoted by the Shivalik Group, has transitioned from capital raising to active investment, marking a significant milestone in its journey. The fund has deployed over Rs 55 crore in promising real estate ventures, officially launching its investment operations.

Strategic Debut in Ahmedabad’s Growth Story

The fund’s maiden investment targets the S Plus project in Ognaj, a rapidly emerging micro-market in Ahmedabad. As the city prepares to host the 2036 Olympics, its real estate sector is on the cusp of transformation. Shivalik Fund aims to be a catalyst in this evolution, supporting projects with strong fundamentals and growth potential.

Vision for Sustainable Value Creation

Chitrak Shah, Founder and Managing Director of Shivalik Group, emphasized, “As our debut fund, this marks a pivotal step in our journey to build a trustworthy real estate investment platform. With Ahmedabad gearing up for the Olympics, we aim to drive change as both developer and investor.”

Piyush Kothari, Executive Director & CEO of Shivalik Fund, added, “We are committed to generating long-term value for our investors while supporting credible developers.” The fund’s focus on westward and northward city expansion aligns with the rise of new residential and commercial hotspots, positioning it at the forefront of Ahmedabad’s next growth phase.