Realty firm Casagrand has received Rs 130 crore funding from Arnya Real estates Fund Advisors for its housing project in Bengaluru.
Arnya Real estates Fund Advisors, an alternative investment management firm, announced a Rs 130 crore investment in Casagrand’s forthcoming residential project in South Bengaluru.
Arnya had announced its first investment in October 2024 for a project in Navi Mumbai.
Arnya maiden fund, Arnya Real Estate Fund – Debt, launched in April 2024, aims for a corpus of Rs 1,000 crores, with an additional green shoe option of Rs 1,000 crores.
Registered as a Category II Alternative Investment Fund (AIF) with the SEBI, the fund focuses on providing early-stage growth capital to the residential real estate sector, targeting Tier 1 developers in India’s top eight cities.
The fund aims to leverage its deep market expertise and strategic relationships to deliver superior performance and long-term value to its investors. It has attracted a diverse group of investors, ranging from high-net-worth individuals to family offices, highlighting the broad appeal and strong interest in the firm’s investment approach.
Commenting on this investment, Sharad Mittal Founder & CEO, Arnya Real estates Fund Advisors, stated, “At Arnya, we are committed to building an independent real estate investment management platform which provides solutions to investors across Debt, Rental & Equity. This marks our second investment from our maiden high yield debt fund, and we are excited to continue our growth trajectory.”
Arun MN, Founder, Chairman and MD, Casagrand, said, “I would like to congratulate Team Arnya for their journey in building an Real estate investment management platform. We greatly appreciate their continued support in Casagrand’s journey and the trust they’ve placed in us over the last decade. We look forward to collaborating on more successful transactions in the future, working together to create long-term value and growth for all stakeholders involved.”
