Bengaluru: Cornerstone, a Bengaluru based land holding and development company, is gearing up for a major financial reset through a ₹1,700 crore fund raise from Kotak Alternate Asset Managers (KAAML) and land monetisation. The infusion of fresh capital comes at a critical juncture, as the developer seeks to launch new projects, expand its operations, and revive stalled real estate ventures across the city. As part of its strategy Cornerstone has signed a term sheet to invest across key residential, and commercial projects in Bengaluru. The funding, being routed through structured non-convertible debentures, is aimed at providing the company, capital for growth to support investments across six residential projects in East Bangalore, 2 commercial developments in Central Bangalore and land consolidation across multiple locations in North Bangalore. "Cornerstone is looking at the next phase of business growth and the combined gross revenue potential of residential projects in East Bangalore alone is approximately ₹25,000 crore and an LRD potential of ₹3,000 crore from commercial developments in central Bangalore, "said a source aware of the restructuring. The move marks a crucial step in Cornerstone's push to settle its long-running financial dispute with L&T Finance, linked to loans sanctioned between 2017 and 2019 for four of its projects. These included two joint developments with marquee partners-Brigade Group and Sobha and two other planned ventures in East Bangalore.