It aims to raise initial corpus of Rs 150 crore.
It is buying a land parcel from a Gurgaon-based developer.
The PE firm recently invested in North India-based SARE Homes.
Sandor had earlier raised funding from Somerset Indus Capital.
Its debt fell in the October-December quarter.
The PE firm opened its first office in India in 2014.
It exited food-ordering startup Foodpanda last year.
Fund to invest in high-technology projects in India.
Its co-investor GIC exited the consumer products firm last year.
It has four firms in its portfolio from the maiden fund.
The PE firm had raised $545 million for its maiden Asia-focused fund.
This is the fund’s sixth investment.
Last year, the PE firm exited Repco Home Finance.
Bain Capital is another investor in the firm.
It had invested in the firm in 2012 through a preferential allotment.
It had invested three years ago.
It had raised Rs 250 crore in its first fund.
It aims to raise Rs 410 crore at the top end of the price band.
It is the third-largest non-promoter investor in the company.
Three-year-old education management services firm has presence in eight cities.