What cheque size does Purple Elephant Realty Fund write?

As compiled from public sources: INR 10-15 Cr minimum per transaction (24-40 month investment period)

How do I pitch Purple Elephant Realty 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.

Real estate fund · SEBI registry

Purple Elephant Realty Fund

Real assets (RE/Infra) · Manufacturing & Industrials · Ahmedabad

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Contact on file — shared on accepted request

At a glance

Stage focus: Real assets (RE/Infra)
Primary sector: Manufacturing & Industrials
City: Ahmedabad
HQ / office: Ahmedabad, Gujarat (near ISCON Temple, S.G. Road)
Fund registered: 2017
Corpus (as reported): Fund size Rs 60 cr with Rs 40 cr green-shoe option (per launch reports)
Website: www.purpleelephantrealty.in
LinkedIn: Profile ↗

About

Purple Elephant Realty Fund is a SEBI-registered Category II real-estate AIF managed by Purple Elephant Realty Advisor LLP (established 2017, Ahmedabad), promoted by Parikh Real Estate Management. It finances real-estate projects rather than operating-company startups.

Investment focus

Category II real-estate AIF — opportunistic real-estate equity/financing in commercial and industrial projects; primary focus Gujarat (Ahmedabad, Surat, Vadodara) with option to invest in Pune, Mumbai and Bengaluru. Asset classes include hospitality, office, multi-family/residential, retail and industrial.

Cheque size

INR 10-15 Cr minimum per transaction (24-40 month investment period)

As compiled from public sources — verify with the investor.

SEBI registration

SEBI AIF Category II — reported as “Cat II”

IN/AIF2/17-18/0501

SIDBI Fund of Funds

None found

Team & organisation

Two-person management team — Pramit Parikh and Monil Parikh

LLP-managed (Purple Elephant Realty Advisors LLP, est. 2017, Ahmedabad); Category II real-estate AIF (Purple Elephant Realty Fund I); promoted by Parikh Real Estate Management

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Frequently asked

What does Purple Elephant Realty Fund invest in?: Category II real-estate AIF — opportunistic real-estate equity/financing in commercial and industrial projects; primary focus Gujarat (Ahmedabad, Surat, Vadodara) with option to invest in Pune, Mumbai and Bengaluru. Asset classes include hospitality, office, multi-family/residential, retail and industrial.
What cheque size does Purple Elephant Realty Fund write?: As compiled from public sources: INR 10-15 Cr minimum per transaction (24-40 month investment period)
How do I pitch Purple Elephant Realty 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 AIF — 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://www.purpleelephantrealty.in/contact-us/; https://pitchbook.com/profiles/fund/16267-33F