Build Capital Exits Second SRA Project with 19.76% IRR
ECONOMY & POLICY

Build Capital Exits Second SRA Project with 19.76% IRR

Build Capital, an early-stage real estate financier, has successfully exited its investment in a Slum Rehabilitation Authority (SRA) project near Bandra-Kurla Complex (BKC), Mumbai. This marks another successful exit for Build Capital this year, highlighting its focus on delivering superior stakeholder value through structured real estate financing.

Build Capital partnered with the developer during the early stages of the project, which had faced significant delays. Its investment facilitated the completion of rehabilitation works and the conversion of scheme parameters to DCPR 2034, enhancing overall project economics. The project, boasting a total development potential of approximately 225,000 sq. ft. of carpet area, is projected to generate revenue exceeding Rs 7.25 billion ($87 million) upon completion.

The investment delivered an impressive Internal Rate of Return (IRR) of 19.76%, with investors receiving 100% of their interest payments on time. This achievement demonstrates Build Capital’s expertise in identifying high-potential opportunities and ensuring their turnaround through strategic funding and oversight.

Commenting on the milestone, Mr. Kuldeep Jain, CEO of Build Capital, stated:

“Our strategic funding and active involvement were instrumental in reviving this project and ensuring its successful progress. We take pride in unlocking value in early-stage developments and working closely with developers to drive execution. Build Capital remains committed to providing structured debt solutions across various real estate asset classes, ensuring high returns for investors while enabling project completion.”

The successful exit further strengthens Build Capital’s reputation for facilitating challenging real estate projects and delivering robust returns for its investors.

Build Capital, an early-stage real estate financier, has successfully exited its investment in a Slum Rehabilitation Authority (SRA) project near Bandra-Kurla Complex (BKC), Mumbai. This marks another successful exit for Build Capital this year, highlighting its focus on delivering superior stakeholder value through structured real estate financing. Build Capital partnered with the developer during the early stages of the project, which had faced significant delays. Its investment facilitated the completion of rehabilitation works and the conversion of scheme parameters to DCPR 2034, enhancing overall project economics. The project, boasting a total development potential of approximately 225,000 sq. ft. of carpet area, is projected to generate revenue exceeding Rs 7.25 billion ($87 million) upon completion. The investment delivered an impressive Internal Rate of Return (IRR) of 19.76%, with investors receiving 100% of their interest payments on time. This achievement demonstrates Build Capital’s expertise in identifying high-potential opportunities and ensuring their turnaround through strategic funding and oversight. Commenting on the milestone, Mr. Kuldeep Jain, CEO of Build Capital, stated: “Our strategic funding and active involvement were instrumental in reviving this project and ensuring its successful progress. We take pride in unlocking value in early-stage developments and working closely with developers to drive execution. Build Capital remains committed to providing structured debt solutions across various real estate asset classes, ensuring high returns for investors while enabling project completion.” The successful exit further strengthens Build Capital’s reputation for facilitating challenging real estate projects and delivering robust returns for its investors.

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