Walton Street fund invests ₹165cr in Sowparnika Homes

Alternative investment platform Walton Street BlackSoil Real Estate Debt Fund II has invested ₹165 crore in Sowparnika Homes for a portfolio of projects across Bengaluru.

These projects cater to the mid-income and affordable segment with an average ticket size of ₹50 lakh and are located near key employment centres and IT hubs such as Sarjapur Road, Whitefield and Old Madras Road.

"This is the biggest investment made by WSBREDF-II and we will facilitate the delivery of 2,750 homes in the above category," said Vimal Jangla, managing partner of WSB Real Estate Partners.


Sowparnika has delivered more than five million square feet, covering more than 7,500 homes, in this segment, and currently has 4,500 homes spread across four million sq ft under development in Bengaluru.

"Our partnership with Walton Street BlackSoil will help us deliver high-quality value homes and timely delivery of apartments to end users in the affordable and mid-income segment," said Ramji Subramaniam, promoter of Sowparnika Projects. "We are aligned with the prime minister's 'Housing for All' scheme," he added.