Arnya Realestates Fund Advisors, an alternative investment management firm, announced the successful closure of its first funding round for the ‘Arnya Real Estate Fund – Debt’, raising Rs 375 crore. This initial debt fund, launched in April 2024, targets a total corpus of Rs 1,000 crore, with an additional option to raise another Rs 1,000 crore.
The fund has attracted commitments from a broad range of investors, including family offices, ultra-high-net-worth individuals (UHNWIs), and high-net-worth individuals (HNIs). Founded in December 2023, Arnya Realestates Fund Advisors focuses on a variety of real estate investment products, including debt, rental, and equity investments.
Sharad Mittal, Founder and CEO of Arnya Realestates Fund Advisors, highlighted the importance of this milestone. “The successful first close of the Arnya Real Estate Fund – Debt demonstrates the confidence our investors have in our vision. We are dedicated to developing an independent investment management firm centered on the real estate sector, offering diverse products across debt, rental, and equity,” he stated.
The fund is registered with the Securities and Exchange Board of India (SEBI) as a Category II Alternative Investment Fund (AIF) and is primarily aimed at providing early-stage growth capital to residential real estate developers, particularly in India’s major Tier 1 cities.
In comparison, earlier this year, Golden Growth Fund (GGF), another Category II AIF, announced plans to raise Rs 400 crore to invest in luxury housing projects in South Delhi.
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By Proptechbuzz
By Ravi Kumar
