Investment Fund
Shivalik Investment Fund
Join us in shaping Ahmedabad’s future with the SEBI-Registered Shivalik Investment Fund, a unique real estate AIF offering early-stage access to land investment opportunities. With a legacy of creating iconic landmarks, we bring transparency, professional management, and strategic growth to your investment.
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Why Invest with Shivalik?
Higher Returns
Potential for superior returns compared to traditional investments.
Early Access
Invest in high-potential land opportunities from the ground up.
Transparency & Trust
SEBI registration ensures regulated, professional management.
Accessible Investment
Reduced entry cost to diversify your portfolio.
Pro Management
A skilled team overseeing your investment every step of the way.
Digital Platform
Manage investments, track performance, and access reports easily.
Diversification
Spread investments across asset classes, reducing risk.
Quarterly Updates
Stay informed with regular performance reports.
Low Volatility
Designed for stability, providing peace of mind.
Our Process to Build Wealth
1. Buy
Carefully selected land parcels that meet strict investment criteria.
2. Build
Value enhancement through strategic development.
3. Sell/Lease
Maximize returns through sales and leasing.
4. Exit
Secure profits and distribute them to investors.
Investment Team
Mr. Chitrak Shah
Founder & CMD
Mr. Chitrak Shah
Founder & CMD
Mr. Chitrak, Founder & CMD of Shivalik Group, has over 26 years of experience transforming real estate through his Shivalik Ecosystem, integrating funds, education, technology, sustainability, and collaboration. As Chairman of CREDAI Ahmedabad, he fosters the betterment of the real estate sector’s growth to enhance the quality of life and benefit humanity, while Shivalik drives innovation in green, iconic structures, setting new industry standards.
Mr. Piyush Kothari
Executive Director
Mr. Piyush Kothari
Executive Director
Piyush Kothari is an alumni of IIM Ahmedabad (AGMP) and holds an MBA in Finance & Insurance, from AICAR Business School, Mumbai. With over 20 years of experience, he has excelled in diverse areas, including fundraising, business strategy, investments, and deal structuring within the real estate sector. He also has comprehensive experience in managing the entire lifecycle of real estate Private Equity fund.
Mr. Jigar Shah
CEO
Mr. Jigar Shah
CEO
Mr. Jigar is a qualified Chartered Accountant, MBA (Finance) & Chartered Financial Analyst by profession. He has worked successfully on 30+ Real Estate Investment transactions across Equity, Structured Debt, Transaction Advisory and has has 19+ years of experience in the field of Real Estate Investment, Fund Raising and Investment Banking.
Mr. Pravin Nakrani
CFO
Mr. Pravin Nakrani
CFO
Mr Pravin is a qualified Chartered Accountant & certified NISM-Series XIX-A: Alternative Investment Funds (Category I & II) distributors. He has 20 years of experience in field of fund raising, Finance Operations, Investor Management, Accounting, Auditing and Statutory Compliances.
Investment Committee
Mr. Suresh N. Patel
Mr. Suresh N. Patel
Mr. Suresh N. Patel, with degrees in Agri Science and Law and certification from the Indian Institute of Bankers, began his banking career in 1981 at Dena Bank, rising to General Manager. He later served as Executive Director at Oriental Bank of Commerce and MD & CEO of Andhra Bank. Post-retirement, he took on independent directorships and advisory roles. From April 2020 to June 2021, he was Vigilance Commissioner, then served as Central Vigilance Commissioner until December 2022 at the Central Vigilance Commission.
Mr. Dukhabandhu Rath
Mr. Dukhabandhu Rath
Mr. Dukhabandhu Rath, a senior banking executive with nearly 40 years in the Indian banking sector, retired as Chief General Manager at SBI after leading key initiatives. He also served as Managing Director of GVFL, establishing three funds. Currently, he advises the Gujarat Chamber of Commerce and Industry, is a member of the Institute of Directors, and lectures at the National Institute of Bank Management. Post-retirement, he serves as an independent director in various companies.
Advisory Board
Mr. Taral Shah
Managing Director
Mr. Taral Shah
Managing Director
Mr. Taral Shah is a dynamic leader in the real estate and construction industry, recognised for his innovative approach to urban development and his commitment to sustainability. With multiple foundational roles across various organisations, Mr. Shah has been pivotal in shaping the landscape of modern real estate and sustainable building practice.
Mr. Sudhin Choksey
Advisory Board
Mr. Sudhin Choksey
Advisory Board
Chairman and Non-Executive Nominee Director of Indian Shelter Company. Member of The Institute of Chartered Accountants Of India. Hands on successful track record in mortgage finance and lending.Led GRUH Finance Limited for 20 years until its 2019 merger with Bandhan bank. Holds degree in commerce from the Sydenham college of Commerce & Economics, Bombay University.
Our Partners
Knowledge Partner
Legal Advisor
Trustee
Technology Partner
Merchant Banker
Custodian Service
R&T
FAQ’s
What is the minimum ticket size?
–The minimum ticket size is INR 1 Cr.
What is the payment drawdown process?
+The first drawdown will be 10% of the committed capital. Remaining will be between 6 – 12 months as on call.
What is the experience of the team?
+With 25 years of client-focused experience, Shivalik has consistently provided positive results for our investors. By wisely leveraging incremental increases in land value across different areas, we've generated profitable returns. Our skill in recognizing and seizing emerging opportunities further enhances our investment success.
Where will it be invested?
+50 to 60% of funds for land acquisition.
20 to 30% of funds for real estate development.
10 to 20% of funds for incidental and allied sectors.
How about returns?
+Returns are targeted to achieve an Internal Rate of Return (IRR) ranging from 15 to 24%.
What are the tax implications?
+Pass through taxation, and after applying indexation, the remaining LTCG is taxed at a flat rate specified by the Income Tax Act.
What are the fees and charges?
+| Class of Units | Investor Amount | Establishment cost | Management Fees |
|---|---|---|---|
| Class A1 | INR 1 – 5 Cr | 1.0% | 1.50% |
| Class A2 | INR 5 – 10 Cr | 1.0% | 1.25% |
| Class A3 | INR 10 Cr+ | 1.0% | 1.00% |
If hurdle rate crossed what will be the performance fees?
+Till hurdle rate no performance fees , if it crosses 10% IRR the profit ratio stands at 85% for investors and 15% for Shivalik.
How is this different from traditional investment in terms of risk and returns?
+Alternative investments, such as AIF funds, offer investors opportunities beyond traditional avenues, allowing for potential higher returns. AIF funds, in particular, enable investors to access unique asset classes and investment strategies, fostering innovation and potentially superior performance in their portfolios.
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