Sameera Group eyes Rs 500 crore fundraise to fuel pan-India expansion

Tamil Nadu headquartered Sameera group is in talks to raise Rs 500 crore as growth capital as it targets pan India expansion, a senior executive said.

The group has recently raised substantial amount from real estate credit platform jointly managed by Aditya Birla Sun Life AMC and BGO.

“We have positioned ourself as a township developer where we create an integrated ecosystem. We have raised some fund but for pan-India growth, we are in talks to raise larger fund,” said Senthil Velan, CEO, Sameera group for pan-India operations.


Sameera is one of the leading conglomerates in India with diversified business interests spanning across land bank generation, real estate and property development, warehousing, education, hospitality, transportation, wind energy generation and insurance.

“The increasing participation of institutional capital indicates a maturing real estate market where quality projects and experienced developers are attracting long-term investment. Demand for plotted developments continues to remain robust, and Chennai has consistently demonstrated healthy absorption and positive market fundamentals,” said Somy Thomas, Executive Managing Director, Land & Capital Markets for Cushman & Wakefield.

The firm was the transaction advisor for the fund raise.

"We see a growing opportunity for institutional capital to complement conventional sources of project financing and support the evolving needs of the sector. Through partnerships with credible developers and tailored credit solutions, we aim to facilitate efficient project execution while creating sustainable, long-term value for investors,” said A. Balasubramanian – MD & CEO - Aditya Birla Sun Life AMC Ltd.

Bharat Khanna, MD, BGO India said that the transaction reflects our conviction in both the Sameera group’s execution capabilities and the underlying project's fundamentals.

“We continue to see strong demand for structured credit solutions from high-quality developers seeking reliable and flexible capital partners,” Khanna said.