Kotak Mahindra Bank's realty arm has raised a $295 million private equity fund from offshore clients that it hopes to invest in Indian property sector in the next 18 months, a top executive said. The Kotak Realty Funds Group, had $800 million across three funds, of which $450 million was available for investment, chief executive S. Sriniwasan told Reuters by telephone on Friday. “We have investors from Korea, Japan, the Middle East, the UK and the U.S.,” Sriniwasan said, adding while there was no dearth of opportunities, pricing remained an issue. “We had a reasonably quite nine months prior to this because there was a mismatch in terms of valuation expectations versus what the investors were asking for. […]