Warewitt Investment Trust is launching a ₹500 crore Category II Alternative Investment Fund (AIF) targeting the industrial and warehousing sectors, having received SEBI regulatory approval. With a base corpus of ₹250 crore and a ₹250 crore green shoe option, the fund aims to capitalize on growth in India’s Tier II and III cities, particularly in Gujarat, Maharashtra, and Tamil Nadu. Nirav Kothary, Director of Godwitt Construction, emphasizes the fund’s focus on smaller cities, driven by lower land costs and favorable policies. The Indian warehousing sector is poised for significant growth, spurred by e-commerce and logistics demand, with projected warehouse space reaching 1.2 billion sq. ft. by 2027.