representative imageMumbai: Institutional Real Estate Investment Firm Certus Capital Has invested Rs 150 crore in two mid-market real estate projects in Mumbai Metropolitan Region (MMR) Real Estate Developers JSB Group And Dynamics Group,
These mid-income housing projects near the Mumbai International Airport and the extended western suburb of Vasai have a total development of 385,000 sq ft and a revenue potential of over Rs 750 crore.
The investment for Certus Capital’s digital, secured lending platform, Earnnest.me, is in line with the firm’s target to invest around Rs 1,000 crore in secured loans in the real estate sector by the end of this financial year. Year.
“These investments are in line with our strategy to support experienced developers in high-potential projects in tier-1 cities. And in doing so, we are also playing our part in the development of the broader high-yield, bond market, starting with real estate. These are institutionally appraised and diligent deals, available to both individuals and institutions,” said Ashish KhandeliaFounder, Certus Capital and Earnest.me
Over the past three years, Certus Capital has closed nine deals for Earnest.me and exited two entirely at over 15% net returns to investors before scheduled maturity.
Khandelia said that with these two deals, Certus Capital has invested about Rs 450 crore since January this year and is expected to close 2024 with a total investment of Rs 600 crore, compared to last year’s investment. is six times more.
The company has financed projects in cities such as Mumbai, Pune and Chennai and is actively evaluating real estate investment opportunities in Bengaluru and Hyderabad.
The platform has 77% repeat investment interest. Recently, the platform also launched its institutional participation channel, in which a large institutional investor with assets under management of over Rs 1 lakh crore invested Rs 50 crore in one of its deals.
