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Here is one more India-focused real estate fund planning to raise capital from London's Alternative Investment Market. UK-based Trinity Plc, which has an asset management company called Trikona Capital, is looking at raising $1 billion, reports The Economic Times. Half of it will come from the secondary listing in AIM, while the other half will be raised in private equity. Trinity, managed by Rak Chugh and Aashish Kalra, had last year raised $500 million from AIM.

ET quotes Kalra: “We are optimistic about the investment environment in India and aim to invest another $3-4 billion in the immediate 3 to 5 years."

Trikona has so far invested about $250 million in the Indian real estate sector. It invested $9.4 million in IL&FS Transportation & Networks Ltd to pick up 2.5 per cent stake; $20 million to pick a 16 per cent stake in a project owned by Kapstone Constructions (part of Rustomjee’s Keystone group); $21.6 million for a 49 per cent stake in a project owned by Lokhandwala Builders, and so on.

Four Indian builders have already raised capital from AIM. They include Unitech Corporate Parks, Ishaan Real Estate (the Rahejas) and Hirco Plc (Hiranandani Constructions), besides Dev Property Development Fund which is listing in AIM on January 31. It may be worth noting that Dev had to halve its issue size to $270 million following a weak response to its shares.