India, Feb. 11 -- Real estate developer Bakeri Group and investment management company Lumos Alternate have joined hands to launch a Rs.500-crore real estate investment platform named Sakar Realty Fund - I. The SEBI-approved platform targets mid-market residential projects in major Indian cities such as Bengaluru, Mumbai, Ahmedabad, and Pune, with an investment horizon of 3-4 years per project.

The platform is expected to attract a diverse range of investors, including high-net-worth individuals (HNIs), family offices, and institutional investors, the companies said in a statement.

The platform has received final approval from the capital market regulator SEBI and aims to provide superior returns to its investors by leveraging the execu...