India's Edelweiss sets up last-mile real estate fund with S Korea’s Meritz

India's Edelweiss sets up last-mile real estate fund with S Korea’s Meritz

A cyclist rides across a clearing near residential buildings at an Amrapali Group development in Noida, Uttar Pradesh, India, on Saturday, Jan. 20. 2018. Photographer: Anindito Mukherjee/Bloomberg

Financial services-focused Edelweiss group on Tuesday said it has launched the first fund under its last-mile real estate financing platform with a target corpus of $425 million, in partnership with South Korea’s financial services conglomerate Meritz Financial Group.

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