Arnya Realestates Fund invests over Rs 1,000 cr across 11 housing projects

MUMBAI: Real estate investment manager Arnya Realestates Fund Advisors has invested more than Rs 1,000 crore across residential projects in India through its maiden debt fund and direct investments, as alternative investment funds continue to expand their exposure to the country's housing sector.

The investments have been made across 11 transactions spanning five geographies including Mumbai, Pune, Bengaluru, Chennai, and Hyderabad, with the portfolio comprising projects being developed by developers such as Casagrand, MAIA Estates, Gami Group and Vaishnavi.

Several of these projects are at advanced stages of approvals and execution, while some have already commenced sales in key residential markets including Bengaluru.


The investments have been routed through Arnya Real Estate Fund-Debt, the firm's category II Alternative Investment Fund (AIF) registered with the Securities and Exchange Board of India (SEBI), along with direct investments undertaken by the firm.

“India’s real estate sector continues to offer compelling long-term opportunities and Arnya is focusing on strong partnerships, disciplined capital allocation and delivering sustainable value to all stakeholders…We are planning to expand the platform with newer products and strategies in the coming financial year,” Sharad Mittal, Founder and CEO, Arnya Realestates Fund Advisors, told ET.

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The fund focuses on providing growth capital to tier I developers across India's top eight cities, reflecting the increasing role of private credit in financing residential developments amid sustained demand for housing and tighter access to traditional sources of funding.

“We continue to see strong demand across mid-income, premium and redevelopment-led housing segments, supported by improving developer fundamentals and disciplined supply across key urban markets. With a robust pipeline under evaluation and increasing interest in residential real estate credit, we remain well-positioned for the next phase of growth, including the series 2 of debt fund in Q2 FY 2026,” said Kiran Kumar, CIO, Arnya Realestates Fund Advisors.

Arnya’s debt strategy is expected to reach a total deployment commitment of Rs 1,200 crore, including direct investments, by the time of its final close, which is targeted for June end. The firm is also planning to launch the second series of its debt strategy during the second quarter of the current financial year.

The firm has attracted capital from a mix of high-net-worth individuals and family offices, adding to the growing participation of private wealth in alternative real estate investment vehicles.

Separately, Arnya recently announced the first close of its residential equity fund at Rs 1,030 crore through a platform partnership with Supreme Universal. The equity strategy is expected to deploy its initial capital in redevelopment opportunities in Mumbai during the current quarter. The equity fund is also targeting its final close by June 2026.

With investments spanning both credit and equity strategies as well as direct investments, Arnya expects its assets under management to reach about Rs 2,500 crore by June 2026.

The expansion comes at a time when institutional capital is increasingly targeting residential real estate, supported by strong sales, redevelopment activity and demand for project financing across major urban markets.

Alternative investment funds have emerged as an important source of capital for developers, particularly in projects seeking structured debt and growth financing solutions.

The firm's portfolio is spread across multiple residential markets and developer partnerships, reflecting continued investor interest in housing-led real estate opportunities across India's key cities.