India, May 2 -- NCR-based SGRE Fund, an Alternative Investment Fund worth Rs.2,000 crore, promoted and managed by realty company Nirala World and Venture Capital firm Sea Fund, has raised Rs.450 crore to invest in real estate projects of which Rs.125 crore has already been disbursed to two stuck projects in Noida. SGRE Fund is a scheme-based fund and is registered with the Securities and Exchange Board of India (SEBI) under Category II. SGRE Fund will provide finance to all types of real estate companies developing both residential and commercial projects across NCR in the form of investment and loans through debenture and equity participation. It is also open to funding stuck projects.

"Funding has already been provided to two or three ...