Arka Investment Advisory to raise Rs 500 cr for new residential real estate fund

Arka Investment Advisory Services Pvt Ltd plans to raise Rs 500 crore for its new residential real estate fund. The Arka Hreem Real Estate Opportunities Fund targets Tier 1 cities in India, partnering with Rohan Builders. The fund has a target size of Rs 500 crore and a green shoe option of Rs 250 crore.