Kotak Raises $295M In Indian Realty Fund

India's Kotak Mahindra Bank's realty arm has raised $295 million private equity fund from offshore clients to invest in Indian property sector, a top executive said on Friday.

"We have investors from Korea, Japan, the Middle East, the UK and the U.S.," S. Sriniwasan, chief executive of Kotak Realty Funds Group, told Reuters over telephone.

He said the unit had $800 million across three funds of which $450 million was available for investment.