Secura Investment Management (India) Pvt. Ltd. has raised Rs.50 Cr in the form of real estate fund through its Scheme- 2. Secura’s first real estate fund was launched in the year 2009.
New real estate fund launched in Kerala by Secura.
Secura Real Estate Fund Seheme-2 is the first SEBI– certified realty fund in Kerala. As Secura’s new fund comply with the Islamic Finance rules, it has been certified by Shariah. By this it has become the first Shariah- Certified realty fund in India.
After the successful completion of Scheme-1, Kozhikode – based SECUM Investment Management has come up with Scheme -2 of Secura India Real Estate Fund. The Rs.50 Cr fund is the first of Kerala funds to be certified by Securities and Exchange Board of India (SEBI).
Mumbai -based IL & FS Trust Company Limited is the trustee of the realty fund. The SEBI Registered independent Corporate Trustee is promoted by many leading Indian financial institutions.
Secura launches New real estate fund in Kerala.
The first Scheme of the company started in 2009. Currently the company is paying back the investors. The company had successfully implemented the first fund in many projects in Kozhikode.
Empora Aster and Empora Views at Malaparamba Junction, Empora Gemz at Thondayad Junction, Autum Leaves, etc. are some of the main projects the company had invested in. Besides these projects, the company has developed some residential plots at Velliparamba in Calicut.
Secura hopes that the company will be able to give away an 18%- plus yearly profit to the Scheme 1 investors. The Scheme -1 will exit from all the real estate projects by 2014.
The company has fixed Rs.5 lakh as the minimum amount of investment. The company has given no limit for the maximum amount of investment. Real estate experts and financial analysts of Secura, has been helping the real investors to make their investment more fruitful and ethical.
Secura plans to primarily invest the fund, raised under the Scheme- 2, in some real estate projects at Kochi and Calicut. The company revealed that the fund will be in full compliance with the Islamic Finance rules.
Secura holds an ethic in its investment schemes. The firm collects the investment from the investors and distributes the profit among them after deducting their fee or service charge.