Lonestar RattanIndia Real Estate Fund has appointed Anchit Lakhotiya, an experienced real estate banker, to head the real estate vertical. RattanIndia Finance, a joint venture between Lone Star, a leading global private equity and real estate investment firm and RattanIndia Group, a leading NBFC in India founded by Rajiv Rattan, the co-founder of Indiabulls Group and a visionary entrepreneur.
Anchit Lakhotiya, a chartered accountant by profession, is a banker with over 16 years of experience in the real estate sector. He is known for his advisory expertise in providing structured bespoke financial solutions across real estate classes. Before joining Lonestar RattanIndia Real Estate Fund. Anchit Lakhotiya successfully built the real estate books for Altico Capital and Standard Chartered Bank.
Lone Star Funds and the RattanIndia Group have jointly invested Rs. 2,600 crore (USD $400 million) in RattanIndia Finance and have plans to become a top 10 NBFC in India, based on the currently estimated capitalization. Rattan, currently chairman of the RattanIndia Group, will be the Chairman and Chief Executive Officer of RattanIndia Finance.
