Arnya Realestates Invests ₹130 Crore in Casagrand’s South Bengaluru Housing Project

Arnya Realestates Fund Advisors has committed ₹130 crore to Casagrand’s upcoming residential project in South Bengaluru, marking the firm’s second investment under its debut fund. The deal underscores Arnya’s focus on backing early-stage real estate developments across India’s top urban markets.

This investment is part of the Arnya Real Estate Fund – Debt launched in April 2024 with a target corpus of ₹1,000 crore and a green shoe option of another ₹1,000 crore. The fund, which is a Category II Alternative Investment Fund (AIF) registered with SEBI, aims to achieve an IRR of 20% and is expected to fill the gap of early-stage growth capital for Tier-I residential developers in the eight largest cities in the country.

This latest deal comes after Arnya’s inaugural investment in October 2024, when it backed a project in Navi Mumbai. The firm is now reinforcing its strategy to partner with established developers and tap into high-yield opportunities in the housing sector.

Sharad Mittal, Founder and CEO of Arnya Realestates Fund Advisors, said the latest commitment reflects the firm’s long-standing relationship with Casagrand. “We are excited to collaborate with Casagrand in this new venture. This is our second investment from our maiden high-yield debt fund, and we remain committed to building an independent real estate investment platform that spans Debt, Rental, and Equity solutions,” he said.

Mittal also acknowledged the support of investors and distribution partners, noting their role in Arnya’s growth and success. “Their trust is paramount, as we will continue to deliver superior risk-adjusted returns through unique partnerships and disciplined deployment of capital,” he continued. This investment further catalyzes Arnya to unlock its ambition of being a leader in India’s real estate investment ecosystem, with flagship projects having the power of high growth potential with robust risk management frameworks. The firm seeks a strong portfolio through early-stage residential projects across large Indian cities.