FractoProp Secures SEBI Nod for Ridhama Real Estate Fund

23 Mar 2026 CW Team

FractoProp, a real estate-focused fund management company, has received registration from the Securities and Exchange Board of India (SEBI) for the Ridhama Real Estate Fund, a Category II Alternative Investment Fund (AIF). The approval marks a milestone as the firm expands its platform to offer structured real estate investment opportunities to institutional and sophisticated investors.

The fund is targeting a corpus of Rs 50 crore, with a greenshoe option of up to Rs 75 crore, taking the total potential fund size to Rs 125 crore.

The Ridhama Real Estate Fund will focus on structured credit and equity investments in mid-income and premium residential and commercial projects across high-growth micro-markets within the Mumbai Metropolitan Region (MMR). It is expected to deploy investments of Rs 10–12 crore per project, supporting developments with strong fundamentals and credible developer partners.

The strategy aims to target capital-efficient opportunities while maintaining a risk-conscious investment approach, supported by appropriate collateral and security structures.

“Over the past few years, we have seen increasing demand for structured sources of capital in the real estate sector, particularly for projects in high-growth urban micro-markets. The SEBI registration for the Ridhama Real Estate Fund allows us to take a more structured approach to these opportunities by investing in well-evaluated developments and partnering with credible developers,” said Dhaval Thakkar, Sponsor of the Fund.

The fund is sponsored by R.D. Brothers Group, a diversified real estate company with over two decades of experience in land acquisition, project development and asset monetisation across Maharashtra, Gujarat and West Bengal.

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..