Ahmedabad, Gujarat, Jun 06, Shivalik Fund, a SEBI-registered Category II Alternative Investment Fund (AIF), has achieved a major milestone in its journey by successfully transitioning from capital raising to deployment, with over Rs. 55 crore already committed to high-potential real estate projects.
Chitrak Shah, Founder and Managing Director of Shivalik Group, said here today, “Promoted by the Shivalik Group, one of Gujarat’s leading real estate developers, the Shivalik Fund is focused on backing real estate projects with strong fundamentals.” Its maiden investment in the S Plus project strategically taps into Ognaj, one of Ahmedabad’s fastest-emerging growth corridors and most promising real estate hubs. The area is witnessing rapid infrastructure development and growing commercial demand, making it an ideal target for long-term value creation.
Mr Chitrak Shah, said, “As our debut fund, this marks a pivotal step in our journey to build a forward-looking, trustworthy real estate investment platform. With Ahmedabad gearing up to host the 2036 Olympics, the city’s real estate sector is set for a transformative phase. We aim to be a catalyst in this evolution, both as a real estate developer and investor. The enthusiastic response to Shivalik Fund from investors shows their appetite to participate in Ahmedabad’s next chapter of growth.”
Ahmedabad’s real estate is undergoing a dynamic shift, driven by improved connectivity, economic diversification, and a rising influx of capital. As the city expands westward and northward, new micro-markets are emerging as hotspots for residential and commercial investments. Shivalik Fund aims to capitalise on this momentum by identifying projects that offer growth potential and sustainability.
Piyush Kothari, Executive Director & CEO of Shivalik Fund, added, “We are actively evaluating opportunities across emerging micro-markets in Ahmedabad. With a strong deal pipeline, experienced leadership, and disciplined governance, we are committed to generating long-term value for our investors while supporting credible developers.”
In a bid to strengthen its governance and sharpen investment oversight, Shivalik Fund has inducted two seasoned banking professionals, Suresh Patel and Dukhabandhu Rath, to its Investment Committee. Their deep financial expertise adds further rigour to the Fund’s institutional decision-making and boosts its credibility.
With a rich legacy, sectoral knowledge, and unmatched local insights, Shivalik Fund is poised to emerge as a trusted real estate capital partner.
