Shivalik Fund, a SEBI-registered Category II Alternative Investment Fund (AIF) promoted by the Shivalik Group, has transitioned from capital raising to active investment, marking a significant milestone in its journey. The fund has deployed over Rs 55 crore in promising real estate projects, officially launching its investment operations.

Promoted by the Shivalik Group, Shivalik Fund is focused on backing real estate projects with fundamentals. Its maiden investment has been made in the S Plus project in Ognaj, a rapidly developing area of the city.

The fund’s focus on westward and northward city expansion aligns with the rise of new residential and commercial hotspots, positioning it at the forefront of Ahmedabad’s next growth phase.

Chitrak Shah, Founder and Managing Director of Shivalik Group, said, As our debut fund, this marks a pivotal step in our journey to build a 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.

Piyush Kothari, Executive Director & CEO of Shivalik Fund, said, We are committed to generating long-term value for our investors while supporting credible developers.