IPAL Fund Managers
Last updated 9 July 2020, by Impactyield.
IPAL Redevelopment Fund-1 targets redevelopment projects in Mumbai’s slums and old buildings. Slum rehabilitation projects generate positive social outcomes with market returns, and are a growing and well established asset class.
Slum Rehabilitation entails the building of free on-site housing, delivering benefits of formal property rights, access to legal water, electricity, and sanitation. The favorable economics are facilitated by favorable regulatory incentives, that allow a portion of the slum land to be developed and commercially monetized, thereby subsidizing the free rehabilitation and generating a market return for the developer and investors.
More detail about this initiative at the Stanford Social Innovation review : http://www.ssireview.org/blog/entry/a_working_model_for_slum_rehabilitation
Fund Manager Background and History: Ramesh Jogani, MD and CEO. One of the pioneers in the Real Estate fund space and the first institutional investor to have invested in this asset class. Profile at Forbes India: http://forbesindia.com/article/big-bet/ramesh-jogani-the-value-builder/2…
Fund team profile at www.ipal.co.in
Incorporation year: 2013
Headquarters location: India
Currency for fund / product figures: USD (US Dollar)
Total firm assets under management: 27000000 USD
Membership and other professional affiliations:
Years top investment professionals have worked together: 4