MYRE Capital proposes to raise Rs 200 mn through structured debt

16 Feb 2023 CW Team

Over the upcoming quarters, MYRE Capital intends to fund Rs 200 million through structured loans for authorised investors.

The invested funds would be given to a financial institution with a CRISIL rating and RBI registration that offers loans against property to retail investors in semi-urban and rural areas of South India. Collateral cover maintained over 1.5x of receivables will secure the entire corpus.

"Since the debut of our debt vertical last year, we have seen substantial interest from investors in loan options backed by real estate assets," said Aryaman Vir, the founder and CEO of MYRE Capital. Compared to other competing asset classes, alternative real estate investments offer an excellent balance of yield and safety.

The new fund raise requires a minimum commitment of Rs 1.5 million, with an internal rate of return of 11%. (IRR). The investment is a 4-year structured instrument with monthly interest payments and annual principle repayments of 25%. A SEBI Registered Debenture Trustee will oversee this transaction in its entirety.

The company sees a tremendous demand for and development potential for neo-realty products in India, and we plan to scale the structured debt vertical to Rs 35 billion by the end of CY2023, continued Vir. To help the investors diversify their portfolios and build wealth, the company is aiming to deliver them a variety of real estate-related products.

Also read:
Jaypee Infratech's net loss increased to Rs 601 crore in Q3 FY23
InudsInd Bank raises funds to Sushma Group for commercial projects

Products

19 May 2025

unWOOD transforms plastic waste into durable wood alternative

unWOOD, a breakthrough innovation, is converting hard-to-recycle plastic waste into a durable alternative to natural wood. Developed through a proprietary process called Intelligent Compounding, unWOOD uses a Macro Molecular Fiber Matrix (MMFM) structure to replicate the strength, look, and feel of hardwood鈥攚ithout the environmental cost.Conceptualised by Dr Babu Padmanabhan, the material addresses key flaws in traditional plastic recycling by consuming minimal energy, using zero water, and generating no microplastics. 鈥淎ny application that introduces plastics into areas where it cannot be..

Real Estate

19 May 2025

India's first AI-integrated campus announced in Noida

Yashoda Hospital and Bhutani Infra have announced plans to develop India鈥檚 first fully AI-integrated mixed-use campus in Greater Noida West. The upcoming project will feature a hospital, retail spaces, offices, SOHOs, serviced apartments, and a hotel鈥攁ll operating within a self-learning, generative AI-powered ecosystem.The AI-first campus will integrate real-time data systems, predictive analytics, and adaptive infrastructure to offer personalised experiences across functions. From AI-enabled footfall tracking and dynamic energy optimisation to smart F&B and retail insights, the develo..

Infrastructure Urban

19 May 2025

Postal Dept Unveils Stamp Honouring 125 Years of Kodaikanal Observatory

The Department of Posts is proud to release a commemorative postage stamp celebrating 125 years of the Kodaikanal Solar Observatory (KSO). Recognising the legacy of the KSO through this special stamp is a fitting tribute to one of India鈥檚 most significant scientific institutions and highlights the nation鈥檚 long-standing contribution to global science.The Commemorative stamp was released by S Rajendra Kumar, Chief Postmaster General, Karnataka Circle in the gracious presence of A S Kiran Kumar, Chairperson, Governing Council, IIA and Former Chairman, ISRO and other esteemed guests at Indian..