Secura Investment Management (India) Pvt. Ltd. has successfully secured Rs. 50 Cr through its Scheme-2, marking a significant milestone. It is worth noting that Secura introduced its inaugural real estate fund back in 2009.
New real estate fund launched in Kerala by Secura.
This Scheme, known as Secura Real Estate Fund Scheme-2, distinguishes itself as the premier SEBI-certified realty fund operating within Kerala. Eminently, Secura's latest fund aligns meticulously with the principles of Islamic Finance, securing Shariah certification. This distinction positions it as the first Shariah-certified realty fund throughout India.
Building upon the triumph of Scheme-1, SECUM Investment Management, headquartered in Kozhikode, has introduced Scheme-2 of the Secura India Real Estate Fund. It is noteworthy that this Rs. 50 Cr fund represents Kerala's inaugural fund to receive certification from the Securities and Exchange Board of India (SEBI).
IL & FS Trust Company Limited, situated in Mumbai, assumes the role of trustee for the realty fund. This SEBI-registered independent Corporate Trustee is fostered by several prominent Indian financial institutions.
Secura launches New real estate fund in Kerala.
The company's initial Scheme commenced in 2009, and currently, the entity is actively engaged in reimbursing investors. The company effectively executed the initial fund across numerous projects within Kozhikode.
Some Landmark Projects:
- Empora Aster and Empora Views at Malaparamba Junction
- Empora Gemz at Thondayad Junction
- Autum Leaves
In addition to these ventures, the company has cultivated residential plots in Velliparamba, Calicut.
Secura anticipates delivering an annual profit exceeding 18% to the Scheme 1 investors. It is projected that Scheme-1 will divest from all the real estate projects by 2014.
The firm has established a minimum investment threshold of Rs. 5 lakh, while refraining from imposing any upper limit on investment amounts. Secura's real estate experts and financial analysts are committed to assisting investors in making investments that are not only fruitful but also ethically sound.
Secura intends to channel the funds accrued under Scheme-2 primarily into real estate ventures situated in Kochi and Calicut. The company has affirmed that the fund will adhere rigorously to the tenets of Islamic Finance.
Secura upholds a commitment to ethics in its investment schemes. They collect investments, and subsequently distribute the profits among the investors after deducting their fee.