Realty developer Bakeri Group and investment firm Lumos Alternate have partnered to create a Rs 500-crore real estate investment platform called Sakar Realty Fund – I, which has received approval from SEBI. The fund aims to generate superior returns by leveraging Bakeri’s extensive experience in delivering over 42 million sq ft of real estate. It will focus on mid-market residential projects in major cities like Bangalore, Mumbai, Ahmedabad, and Pune, with a 3-4 year investment horizon. This initiative seeks to provide retail investors and family offices access to institutional-grade real estate investment opportunities amid India’s growing market.