NAREDCO Maharashtra to set up RTF with an initial commitment of Rs 50 crore

NAREDCO Maharashtra plans to set-up a RealTech Fund (RTF) with an initial commitment of Rs 50 crore which will be further scaled as per the response to the fund.

This fund promises to propel and accelerate the growth of the real estate industry in India through innovation and technology.

“We believe that technology is going to play a major role in the healthy growth of the real estate sector going forward,” said Sandeep Runwal, president, NAREDCO-Maharashtra.

The fund will be announced during The Real Estate Forum 2023 to be held in Mumbai.