Real estate fund · SEBI registry
JIRAAF AU INDIA REAL ESTATE FUND
Real assets (RE/Infra) · Media & Entertainment · Bengaluru
At a glance
- Stage focus
- Real assets (RE/Infra)
- Primary sector
- Media & Entertainment
- City
- Bengaluru
- HQ / office
- Bangalore, Karnataka (Residency Road)
- Fund registered
- 2023
- Corpus (as reported)
- ₹250 crore target with ₹100 crore greenshoe (Fund-I, launched 2024)
- Website
- unitern.com
- Profile ↗
About
Jiraaf AU India Real Estate Fund - I (JIREF I) is a SEBI-registered Category II real-estate AIF, the maiden fund associated with Altern Capital / Jiraaf (AI Growth Private Ltd). The registry email domain unitern.com belongs to ArisUnitern, a Developer-as-a-Service real-estate execution and capital partner allied with Jiraaf to fund and deliver projects.
Investment focus
Real-estate Category II AIF — plotted development and last-mile/stuck-project funding in Bengaluru, Chennai, Hyderabad, Mysuru, Mumbai, Pune
Cheque size
INR 250 Cr target fund size (+INR 100 Cr greenshoe); fund deploys into plotted development and last-mile project funding (project-level deals, not investor cheques disclosed)
As compiled from public sources — verify with the investor.
SEBI registration
SEBI AIF Category II — reported as “Cat II”
- IN/AIF2/23-24/1394
SIDBI Fund of Funds
None found
Team & organisation
Small team (LinkedIn lists 2-10 employees; leadership ~60 years combined experience)
Investment Manager is Altern Capital (Bengaluru, founded 2023 by Navin Dhanuka); SEBI-registered Category II AIF (JIREF I); sponsor is AI Growth Pvt Ltd (Jiraaf/Altgraaf brand). Note: provided website unitern.com does not correspond to this fund manager; actual manager site is alterncapital.com
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Frequently asked
- What does JIRAAF AU INDIA REAL ESTATE FUND invest in?
- Real-estate Category II AIF — plotted development and last-mile/stuck-project funding in Bengaluru, Chennai, Hyderabad, Mysuru, Mumbai, Pune
- What cheque size does JIRAAF AU INDIA REAL ESTATE FUND write?
- As compiled from public sources: INR 250 Cr target fund size (+INR 100 Cr greenshoe); fund deploys into plotted development and last-mile project funding (project-level deals, not investor cheques disclosed)
- How do I pitch JIRAAF AU INDIA REAL ESTATE FUND through iHub India?
- Create a free startup account, open a funding round, and send a structured pitch from this profile. If the investor accepts, contact details are shared and the conversation moves into a tracked deal room.
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About this record
- ⚑ real-estate (Cat II), not startup VC
Compiled from SEBI registrations and public sources as of 2026-07. iHub India lists investors neutrally and does not endorse, rank, or verify investment terms — confirm all details directly with the investor before transacting.
Sources: https://alterncapital.com/real-estate-aif/; https://www.linkedin.com/company/altern-capital