HiLITE Group is set to enter the investment management sector with the introduction of its new vertical, HiLITE Investment Management. Its first offering, HiLITE Ethical Fund 1, is a real estate-focused fund with a maximum fund size of ₹200 crore.
Registered with SEBI as a Category II Alternative Investment Fund (AIF), HiLITE Ethical Fund 1 is designed for HNI’s and institutional investors seeking long-term opportunities in real estate.
A key distinction of the fund is its Shariah certification by TASIS (Taqwaa Advisory and Shariah Investment Solutions Pvt. Ltd.). With this venture, HiLITE Group aims to extend its understanding of the real estate sector to a wider investment landscape.
The fund will primarily focus on Greenfield developments and brownfield developments, with an emphasis on disciplined capital management. It has a seven-year tenure and a minimum investment commitment of ₹1 crore, payable in instalments over 36 months.
The fund is supported by an institutional partner network that includes PwC as fund auditor, Mitcon Credentia as trustee, SBI as banker, Nuvama as custodian, and Ajmal & Company as regulatory advisor.
HiLITE Group Chairman P. Sulaiman said, “Our entry into investment management is driven by a larger vision of bringing our experience in real estate to a wider investment landscape. We see an opportunity to offer high-net-worth individuals access to professionally managed, real estate-focused investment opportunities, supported by a structured and disciplined approach.
Over the past 30 years, HiLITE Group has played a defining role in shaping Keralam’s real estate landscape through landmark developments, including Focus Mall, Keralam’s first mall; HiLITE City, South India’s largest mixed-use development; and World Trade Center Kozhikode, one of the world’s largest World Trade Centers. With a vision to develop 50 million sq. ft. across Keralam by 2030, the Group continues to expand its presence across sectors.
Published on November 12, 2026
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