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About Fund Manager

Balaji Rao ( Fund Manager ) 

Balaji Rao is a Chartered Accountant with a Postgraduate Diploma in Management from IIM Kolkata. He is also a member of the Royal Institute of Chartered Surveyors as a Fellow Member. Over 25 years of expertise in business growth, acquisitions, project execution, equity and debt financing, and divestments. Starwood Capital India, TCG Real Estate, ANZ Bank, Standard Chartered Bank, and the K. Raheja Group are among his previous employers.

  • He has three decades of expertise in the real estate industry as a developer, banker, and fund manager, and has played every position in the project life cycle.
  • He is a Chartered Accountant with a Rank, an MBA from IIM Calcutta, and a Fellow member of RICS.
  • He began his real estate career with the Raheja Group, where he was in charge of sales and marketing for all of the company’s projects across the country.
  • He then went on to work for Standard Chartered Bank, where he started the mortgage business, before moving on to ANZ Grindlays Bank as the Head of the Property Vertical.
  • When he established TCG’s Real Estate platform in the new century, he was one of the industry’s pioneers.
  • He then went on to lead Starwood Capital’s India fund and serve on the Sun-Apollo Fund’s Investment Committee. He’s also held the position of Independent.
  • L&T Realty Ltd and L&T Seawoods Ltd both have directors on their boards.
  • Approximately the course of his career, he has overseen the creation of over 10 million square feet of residential, commercial, and hotel space.
  • In his present position at Axis Mutual Fund, he is in charge of establishing and expanding the RE Fund platform.

Share Holding

Schroder Investment Management (Singapore) Limited (SIMSL) owns 25% of the entire issued and paid-up equity share capital of Axis AMC and Axis Mutual Fund Trustee Ltd through its fully owned subsidiary, Schroder Singapore Holdings Private Limited (SSHPL). Schroders plc’s fully owned subsidiaries SIMSL and SSHPL are eventually completely owned subsidiaries of Schroders plc.

Collaborative Asset Management of Axis RERA

Strategic / Tactical Meetings

  • Ground-level team visits on a regular basis
  • PMC and business performance review meetings are held every three months.
  • The investment Team reviews portfolios on a quarterly basis.

Development & Project Management

  • Monitoring on a regular basis
  • Monitoring of construction costs and budgets
  • Contract and payment tracking
  • RERA Compliance Monitoring & Approval
  • Sales monitoring
  • Review of receivables

Financial Management

  • Internal inspection
  • Consultants/agencies from outside the company
  • Asset management staff in-house
  • Early warning system and proactive action to prevent deviation from the business strategy
  • External sources of information, such as channel partners and market research firms

Development & Project Management

  • Monitoring on a regular basis
  • Monitoring of construction costs and budgets
  • Contract and payment tracking
  • RERA Compliance Monitoring & Approval
  • Sales monitoring
  • Accounts receivables audit

Audit & Control Mechanism

  • Monitoring of the business plan
  • Reconciliation of the escrow account at the bank
  • Legal and statutory compliance
  • Evaluation of a portfolio

Investment Process

Step 1: Sourcing

  • Scanning the market for an investment opportunity that meets your requirements
  • Maintaining a presence in the marketplace

Step 2: Investment Approval

  • Underwriting a transaction in its early stages
  • Due diligence (preliminary)
  • Initial clearance by the Investment Committee

Step 3: Due Diligence & Documentation

  • Transaction underwriting in great detail
  • Due diligence in great detail
  • Final clearance by the investment committee

Step 4: Asset Management

  • With a partner, take a collaborative approach.
  • Project Management & Development
  • Financial Management
  • Audit & Control Mechanism
  • Strategic & Tactical Meetings

Step 5: Exit

  • Self-liquidation price based on the market
  • Access to the institutional clout of the Axis Group
  • At this point of the project, the developer is looking for refinancing.
  • Step-in rights in a management takeover contract

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