Yatra has been established to invest in the rapidly growing Indian real estate sector.

Yatra has raised €100m through a placing by Fairfax IS PLC. Its shares have been admitted to trading on Euronext.

The objective for Yatra is to achieve capital growth for investors through the development, ownership and exploitation of high quality residential premises, office buildings, and retail space in India. Investments will be sought for Yatra in projects within stable but growing sub-markets in India, generally with no more than 25 per cent. of the total capital of Yatra invested in single metropolitan market area and no more than 25 per cent. of the total capital invested in a single project.

Yatra will be targeting high quality properties in India with strong real estate fundamentals, attractive risk/return profiles, and potential for value creation. It is intended that investments will be diversified across different asset classes and locations within India, between shorter-term development and longer-term development and yield-based opportunities, with a blend of projects offering differing risk-reward relationships, and projects involving more active and more passive involvement.