+
Shrem group plans to raise Rs 600 cr by diluting 15% stake in InVIT
Real Estate

Shrem group plans to raise Rs 600 cr by diluting 15% stake in InVIT

Mumbai-based Shrem Group is planning to raise Rs 600 crore via diluting a 15% stake in its infrastructure investment trust (InvIT) next week.

The Shrem group, which had first tried to raise the money by this route in April and faced delays because of the second wave of the Covid-19, said it is already in discussions with domestic investors to raise the fund by a private listing.

Founder of Shrem group, Nitan Chhatwal, told the media a minimum of Rs 2 crore investment is being sought and it will be able to sail by with the offering.

He further added that the Shrem group is issuing fresh shares, and they are not selling units in Shrem InvIT as they see there is a lot of opportunity in the space they operate.

He claimed that investing in the platform will offer post-tax returns of 9% per annum, given the fact that 85% of the assets are in the annuities space which will see repayments from the government.

Chhatwal said that there are developers of annuity projects with assets valued over Rs 2 lakh crore, and they are looking for buyers.

The group will also look at expanding its portfolio in the future, he further added.

He said that, at present, the 24 assets were claimed to be valued at Rs 7,000 crore, and only 15% of the revenue proceeds from toll roads.

Earlier, Chhatwal said that the group got 24 projects from Dilip Buildcon and all projects were finished in March 2020.

Image Source


Also read: Strata raises $6 mn in a Series A funding round from investors

Mumbai-based Shrem Group is planning to raise Rs 600 crore via diluting a 15% stake in its infrastructure investment trust (InvIT) next week. The Shrem group, which had first tried to raise the money by this route in April and faced delays because of the second wave of the Covid-19, said it is already in discussions with domestic investors to raise the fund by a private listing. Founder of Shrem group, Nitan Chhatwal, told the media a minimum of Rs 2 crore investment is being sought and it will be able to sail by with the offering. He further added that the Shrem group is issuing fresh shares, and they are not selling units in Shrem InvIT as they see there is a lot of opportunity in the space they operate. He claimed that investing in the platform will offer post-tax returns of 9% per annum, given the fact that 85% of the assets are in the annuities space which will see repayments from the government. Chhatwal said that there are developers of annuity projects with assets valued over Rs 2 lakh crore, and they are looking for buyers. The group will also look at expanding its portfolio in the future, he further added. He said that, at present, the 24 assets were claimed to be valued at Rs 7,000 crore, and only 15% of the revenue proceeds from toll roads. Earlier, Chhatwal said that the group got 24 projects from Dilip Buildcon and all projects were finished in March 2020. Image Source Also read: Strata raises $6 mn in a Series A funding round from investors

Next Story
Real Estate

Heena Lalwani Buys Rs 1.13 Billion Juhu Apartment

Heena Lalwani, promoter of Aatman Innovations Private Limited, has purchased a luxury apartment worth Rs 1.13 billion in Mumbai’s upscale Juhu locality, according to property registration documents accessed by Zapkey.com.The 9,862 sq ft apartment, located on the 10th floor of Lodha Developers’ Avalon Tower, was acquired at Rs 115,000 per sq ft and comes with five car parking spaces. The deal, registered on 18 August 2025, also included the payment of Rs 68 million in stamp duty and a Rs 30,000 registration fee.Lodha Developers did not respond to queries regarding the transaction, while the..

Next Story
Real Estate

Godrej Buys KPHB Land for Rs 7 Billion in E-Auction

An acre of prime land in Kukatpally Housing Board (KPHB), Hyderabad, was auctioned for Rs 7 billion, with the Telangana Housing Board generating Rs 5.47 billion from the sale of 7.8 acres through e-auction on 20 August 2025.The auction notification was issued last month, attracting bids from Godrej Properties, Aurobindo Realty, Prestige Estates, and Ashoka Builders, according to Board vice-chairman V.P. Gautham. With an offset price of Rs 4 billion per acre, the three-hour auction saw 46 bid increases, before Godrej Properties acquired the land.Revenue generated from the auction will be utilis..

Next Story
Real Estate

HMDA to Auction 93 Prime Plots in September

The Hyderabad Metropolitan Development Authority (HMDA) is preparing to conduct a three-day auction of prime open plots across Hyderabad, Rangareddy, and Medchal-Malkajgiri districts this September.According to official reports, the e-auction will take place on 17, 18, and 19 September, offering 93 plots. Of these, 70 are located in the Bachupally HMDA layout, with the remainder spread across Turkayamjal, Kokapet, Poppalguda, Chandanagar, Bairagiguda, Gandi Maisamma, Suraram, Medipally, and Bachupally village.The highest upset price has been fixed at Rs 175,000 per square yard for a land parce..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?