+
MYRE Capital proposes to raise Rs 200 mn through structured debt
ECONOMY & POLICY

MYRE Capital proposes to raise Rs 200 mn through structured debt

Over the upcoming quarters, MYRE Capital intends to fund Rs 200 million through structured loans for authorised investors.

The invested funds would be given to a financial institution with a CRISIL rating and RBI registration that offers loans against property to retail investors in semi-urban and rural areas of South India. Collateral cover maintained over 1.5x of receivables will secure the entire corpus.

"Since the debut of our debt vertical last year, we have seen substantial interest from investors in loan options backed by real estate assets," said Aryaman Vir, the founder and CEO of MYRE Capital. Compared to other competing asset classes, alternative real estate investments offer an excellent balance of yield and safety.

The new fund raise requires a minimum commitment of Rs 1.5 million, with an internal rate of return of 11%. (IRR). The investment is a 4-year structured instrument with monthly interest payments and annual principle repayments of 25%. A SEBI Registered Debenture Trustee will oversee this transaction in its entirety.

The company sees a tremendous demand for and development potential for neo-realty products in India, and we plan to scale the structured debt vertical to Rs 35 billion by the end of CY2023, continued Vir. To help the investors diversify their portfolios and build wealth, the company is aiming to deliver them a variety of real estate-related products.

Also read:
Jaypee Infratech's net loss increased to Rs 601 crore in Q3 FY23
InudsInd Bank raises funds to Sushma Group for commercial projects


Over the upcoming quarters, MYRE Capital intends to fund Rs 200 million through structured loans for authorised investors. The invested funds would be given to a financial institution with a CRISIL rating and RBI registration that offers loans against property to retail investors in semi-urban and rural areas of South India. Collateral cover maintained over 1.5x of receivables will secure the entire corpus. Since the debut of our debt vertical last year, we have seen substantial interest from investors in loan options backed by real estate assets, said Aryaman Vir, the founder and CEO of MYRE Capital. Compared to other competing asset classes, alternative real estate investments offer an excellent balance of yield and safety. The new fund raise requires a minimum commitment of Rs 1.5 million, with an internal rate of return of 11%. (IRR). The investment is a 4-year structured instrument with monthly interest payments and annual principle repayments of 25%. A SEBI Registered Debenture Trustee will oversee this transaction in its entirety. The company sees a tremendous demand for and development potential for neo-realty products in India, and we plan to scale the structured debt vertical to Rs 35 billion by the end of CY2023, continued Vir. To help the investors diversify their portfolios and build wealth, the company is aiming to deliver them a variety of real estate-related products. Also read: Jaypee Infratech's net loss increased to Rs 601 crore in Q3 FY23 InudsInd Bank raises funds to Sushma Group for commercial projects

Next Story
Real Estate

MoHUA Sanctions 1.47 Lakh Additional Houses Under PMAY-U 2.0

In a major push towards the Government’s Housing for All mission, the Ministry of Housing and Urban Affairs (MoHUA) has approved 1,46,582 additional pucca houses under Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0) for 14 States/UTs, bringing total sanctions under the revamped scheme to 8.56 lakh.The decision came during the fourth meeting of the Central Sanctioning and Monitoring Committee (CSMC), chaired by Srinivas Katikithala, Secretary, MoHUA, at the Ministry’s Kasturba Gandhi Marg office. Senior officials, State Principal Secretaries, and PMAY-U Mission Directors participated ..

Next Story
Real Estate

Piyush Goyal Inaugurates Expanded ISA Building at Intellectual Property Office

Union Minister of Commerce and Industry, Piyush Goyal, today inaugurated the newly expanded International Searching Authority (ISA) building at the Intellectual Property Office (IPO) in Dwarka, New Delhi, marking a major step forward in India’s intellectual property ecosystem.Addressing the gathering, Goyal highlighted that innovation has been central to India’s heritage for centuries, citing the engineering brilliance of the Konark Temple as a historic example. He emphasised that innovation is not just intellectual property but a symbol of sovereignty, and a key driver in India’s journe..

Next Story
Real Estate

SIEGER Boosts Automation in Mumbai Realty

SIEGER, a leading automation solutions provider, is expanding its advanced manufacturing capabilities to meet the surging demand for precision, high-speed automation in Mumbai’s rapidly growing real estate sector.Operating from a 21,000 m² advanced production hub in Coimbatore—part of a 40,000 m² integrated campus—SIEGER offers complete solutions from design and prototyping to manufacturing and deployment. The fully digitalised facility features CNC machining, QR-coded component tracking, conveyorized powder coating, and a Government of India–certified R&D centre, ensuring unmatc..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?