Arnya Fund to Invest Rs 1.3 Bn in Casagrand’s Bengaluru Project
While specific details about the South Bengaluru project remain undisclosed, the investment is part of Arnya RealEstates Fund Advisors� strategic expansion in the real estate sector.
The firm’s debut fund, Arnya Real Estate Fund - Debt, launched in April 2024, targets a corpus of Rs 1 billion, with an additional green shoe option of Rs 1 billion. Registered as a Category II Alternative Investment Fund (AIF) with SEBI, the fund focuses on providing early-stage growth capital to residential real estate projects, with a primary focus on Tier 1 developers in India’s top eight cities.
Sharad Mittal, Founder & CEO of Arnya RealEstates Fund Advisors, said, “At Arnya, we are focused on building a robust, independent real estate investment management platform that delivers tailored solutions for investors, covering debt, rental, and equity.�
The fund leverages its extensive market expertise and strategic relationships to generate superior returns and long-term value for its diverse group of investors, including high-net-worth individuals and family offices.