Pragnya Fund 1, a Mauritius based private equity fund is focused on Indian real estate.This Fund has been sponsored by Mr. Subba Rao Dukkipati and Mr. Gopal Menon, two professionals with a background in the Global Financial Services industry. The Fund operates within the guidelines that have been laid down for foreign direct investment in India and has several large investments in the pipeline in addition to a township project in Chennai.

Prior to promoting L&T Tech Park, the Sponsors of the fund have worked with L&T and have successfully executed large built to suit projects both in the domestic as well as the international markets. While L&T Tech Park is its first investment in Kerala, the fund sponsors have considerable experience in dealing with the infrastructure requirements of Technology companies.

Pragnya focuses on real estate investments that will add diversity to its portfolio by allowing it to develop a range of real estate property types, from hospitality to residential and commercial spaces. While availing opportunities in various cities, Pragnya tends to have a focus on Tier 2 Indian cities where growth opportunities are much more and risks are neutralized by non-speculative land acquisition costs.

Pragnya’s focus on India is long term and its investment focus is on projects that have the potential to deliver superior returns without being speculative. Pragnya’s investment choices are based on substantial research of the markets and specific real estate products. Its substantial investment in L&T Tech Park is a vote of confidence in the potential for growth of the IT industry in Kerala and more specifically Infopark in Kochi.