Certus Capital aims Rs 500 crore realty investment deals
Real Estate

Certus Capital aims Rs 500 crore realty investment deals

Certus Capital aims to close real estate investment dealings of Rs 500 crore via its digital neo-financing platform- Earnnest.me in the upcoming 10 to 12 months. Certus Capital is an institutional real estate investment and advisory company founded by Ashish Khandelia, the former KKR director.

Earnnest.me already has a Rs 40 crore investment in a real estate company based in Chennai, Arun Excello’s portfolio comprises four affordable housing projects across micro-markets of the southern city.

The digital platform is aiming to strike around 8 to 10 deals in the real estate space in the next year. According to the structure, the company's non-banking finance company (NBFC) has a minimum of 5 to 10% of the total loan until maturity and brings in underwriting ensuring smooth closures as well as certainty for the borrowers.

The platform would be investing in projects of developers having a proven track record along with a demonstrated market fit. It plans to generate mid-teen returns for its investors via infusion of capital in projects that have secured approvals.

Certus Capital is working on some transactions in key property markets in India which include Mumbai, Bangalore, Hyderabad, Pune, and Chennai. The company has its focus on affordable as well as middle-income residential projects in western and southern India. They might consider a few investment opportunities in tier-II cities of the country.

Image Source

Certus Capital aims to close real estate investment dealings of Rs 500 crore via its digital neo-financing platform- Earnnest.me in the upcoming 10 to 12 months. Certus Capital is an institutional real estate investment and advisory company founded by Ashish Khandelia, the former KKR director. Earnnest.me already has a Rs 40 crore investment in a real estate company based in Chennai, Arun Excello’s portfolio comprises four affordable housing projects across micro-markets of the southern city. The digital platform is aiming to strike around 8 to 10 deals in the real estate space in the next year. According to the structure, the company's non-banking finance company (NBFC) has a minimum of 5 to 10% of the total loan until maturity and brings in underwriting ensuring smooth closures as well as certainty for the borrowers. The platform would be investing in projects of developers having a proven track record along with a demonstrated market fit. It plans to generate mid-teen returns for its investors via infusion of capital in projects that have secured approvals. Certus Capital is working on some transactions in key property markets in India which include Mumbai, Bangalore, Hyderabad, Pune, and Chennai. The company has its focus on affordable as well as middle-income residential projects in western and southern India. They might consider a few investment opportunities in tier-II cities of the country. Image Source

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