DRA Homes Partners Yubi to Launch ₹250 Crore Secured Debt Platform for Land Acquisitions

Chennai-based real estate developer DRA Homes has entered into a strategic partnership with Yubi Group to establish a ₹250 crore secured debt platform, marking a significant step in institutionalising land acquisition funding in residential real estate.

The platform will be structured through secured Non-Convertible Debentures (NCDs), with the entire proceeds earmarked exclusively for land acquisition across high-growth residential micro-markets. By ring-fencing capital for land purchases, DRA Homes aims to strengthen its development pipeline while maintaining balance sheet discipline and avoiding equity dilution.

According to the company, the platform will be enabled by Aspero, a regulated online bond platform provider, which will facilitate access to capital markets. This structure allows participation from a wide range of investors including ultra high net worth individuals, high net worth individuals, family offices and retail investors, within a transparent and regulated framework. Yubi Group will handle the structuring, issuance and distribution of the NCDs through its integrated capital markets technology and multi-channel investor network.

Commenting on the partnership, Ranjeeth Rathod, Managing Director of DRA Homes, said land remains the most critical input in residential real estate and disciplined land acquisition is essential for long-term value creation. He noted that the secured, non-dilutive nature of the platform enables the developer to scale responsibly while creating a repeatable pathway for private capital to participate in well-governed housing development.

Gaurav Kumar, Founder and CEO of Yubi Group, highlighted that developers with strong execution capabilities and governance standards are increasingly seeking structured capital solutions. He said the secured NCD platform offers investors asset-backed protection, clarity and predictable outcomes at a time when risk-adjusted returns are becoming a key consideration.

The move reflects a broader trend in Indian real estate, where developers are turning to capital market-linked instruments to fund land acquisition and growth, rather than relying solely on traditional bank financing. For investors, such platforms provide exposure to residential real estate through regulated debt products, while for developers, they offer scalability, transparency and financial flexibility.