To tap funds for the cash-starved Indian realty market, Saffron Asset Advisors is planning to raise a $ 200-million (nearly Rs 840 crore), Shariah-compliant and India-specific property fund from international markets in the next 6 to 9 months. Saffron is planning to invest the funds in residential projects in the country, where sales have gone down by 30 per cent in the last six months, tightening funds for property developers. "We will be looking at raising such a fund soon. There is a lot of Shariah fund available and India is well positioned to take advantage of that," said Mr. Ajoy Veer Kapoor, Managing Director of Saffron Asset Advisors, which has raised and invested $425 million in the country, so far. The company is also planning to launch funds focusing on India, with a total mop-up of Rs 4,000 crore in the next couple of years. Starting from real estate, Saffron will launch sector-specific funds such as healthcare, logistics, infrastructure, hospitality and so on.