Arnya and Supreme Universal Launch Rs 1,000-Cr Fund for Mumbai and Pune Real Estate Redevelopment
Arnya Real Estate Fund Advisors, in partnership with Supreme Universal, has launched a Rs 1,000 crore private equity fund focused on redevelopment projects in Mumbai and Pune. The fund aims to capitalize on the growing demand for urban redevelopment in these cities.
Real EstateRedevelopmentMumbaiPunePrivate EquityReal Estate PuneSep 23, 2025
The fund aims to raise Rs 1,000 crore, with a base fund of Rs 500 crore and a green-shoe option of an additional Rs 500 crore. The primary focus will be on redevelopment projects, with Supreme Universal acting as the execution partner to bring operational expertise. Sharad Mittal, founder of Arnya Real Estate Fund, clarified that the fund will not invest in distressed assets or low-cost housing, maintaining a clear focus on mid to premium segments with strong market fundamentals.
Mumbai and Pune are experiencing a significant transformation in their urban landscapes, driven by the need for better infrastructure and modern housing. The fund will capitalize on this trend by investing in well-located, upgraded housing projects that meet the demands of contemporary urban living. Supreme Universal, with its extensive experience in real estate development, will play a crucial role in ensuring the successful execution of these projects.
The partnership between Arnya and Supreme Universal is a strategic move to tap into the lucrative real estate market of Mumbai and Pune. These cities have seen a surge in demand for high-quality, well-located properties, particularly in the mid to premium segments. The fund will focus on areas with strong market fundamentals, such as access to transportation, commercial centers, and amenities, to ensure the long-term value and sustainability of the projects.
Sharad Mittal, founder of Arnya Real Estate Fund, emphasized the importance of selecting the right projects and partners. 'Our focus is on high-quality redevelopment projects that align with the evolving needs of the urban population. By partnering with Supreme Universal, we are confident in our ability to deliver exceptional results and create value for our investors,' he stated.
The launch of this fund comes at a time when the real estate sector in India is witnessing a resurgence, driven by favorable government policies and increasing consumer confidence. The fund will not only contribute to the urban redevelopment of Mumbai and Pune but also set a benchmark for sustainable and innovative real estate practices in the region.
As the fund rolls out, it is expected to attract significant interest from investors looking to capitalize on the growth potential of the Mumbai and Pune real estate markets. The strategic focus on mid to premium segments, combined with the operational expertise of Supreme Universal, positions the fund for success in this dynamic and evolving market.
Frequently Asked Questions
What is the total target amount for the fund?
The fund aims to raise Rs 1,000 crore, with a base fund of Rs 500 crore and a green-shoe option of an additional Rs 500 crore.
What is the primary focus of the fund?
The primary focus of the fund is on redevelopment projects in the mid to premium segments in Mumbai and Pune.
Who is the execution partner for the fund?
Supreme Universal, a Mumbai-based real estate company, is the execution partner for the fund.
Will the fund invest in distressed assets or low-cost housing?
No, the fund will not invest in distressed assets or low-cost housing. It will focus on mid to premium segments with strong market fundamentals.
What is the role of Arnya Real Estate Fund Advisors in this partnership?
Arnya Real Estate Fund Advisors is the alternative investment management firm that has partnered with Supreme Universal to launch the private equity fund.
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