Canonicus Capital partners with Trevoc for Rs 500 crore realty platform for stuck projects

Canonicus Capital has entered in a partnership with north India based realty developer Trevoc to launch a Rs 500 crore last-mile funding and execution platform for the completion of stuck real estate projects across the National Capital Region (NCR).

The private equity firm has recently closed a dedicated Rs 200 crore fund targeting high-potential NCR real estate opportunities. The platform’s focus will be on revival and timely delivery of projects that are constrained by execution bottlenecks and last-mile liquidity gaps.

“Near-completion projects require execution systems, governance frameworks, and accountability. This platform has been designed to combine disciplined capital with a structured execution model, enabling fasterclosures, better stakeholder coordination, and predictable delivery outcomes,” said Gurpal Chawla, founder, Trevoc Group.


Trevoc will be responsible for on-ground execution, construction management, governance, and delivery timelines, while Canonicus Capital will provide structured institutional capital support.

“Last-mile funding works best when capital deployment is backed by controls, transparency, and clear execution responsibility. The partnership allows us to deploy capital through a clearly defined operating framework, ensuring that funds are utilised efficiently while project milestones, governance standards, and buyer interests remain firmly protected,” said Rajan Gupta, executive director, Canonicus Capital.

The platform has already evaluated a pipeline of near-completion residential and mixed-use projects with clean titles, strong demand, and high completion readiness, and is actively engaging with additional projects and developers across NCR to expand the deployment pipeline.

Canonicus Capital has committed up to Rs 125 crore for the first phase, with the overall platform expected to scale up to Rs 500 crore across Delhi-NCR over the next few years.

With Delhi-NCR continuing to exhibit strong demand fundamentals driven by infrastructure investments, employment growth, and urbanisation, delayed projects in the region have largely been a result of execution challenges rather than lack of end-user demand. The platform aims to create a scalable and replicable model for last-mile project resolution by combining execution capability with institutional capital discipline.

As a developer, Trevoc plans to develop nearly 5 million sq ft of residential space, about 1 million sq ft of retail and office assets, and 75–100 acres of plotted developments in tier-2 cities over the next three years.