BGO and Aditya Birla Sun Life AMC Invest ₹350 Crore in Namo Realtech to Boost Real Estate Growth
BGO, a global real estate investment management advisor, and Aditya Birla Sun Life AMC have made a significant investment of ₹350 crore in debt to Namo Realtech. This substantial investment is aimed at funding the expansion of Namo Realtech in the real estate sector, particularly in the National Capital Region (NCR).
Namo Realtech, a prominent player in the NCR real estate market, is currently executing two projects in collaboration with Max Estates. These projects span over 30 acres and encompass approximately 6.4 million square feet of development. The company also holds an additional land bank and is actively acquiring more land assets to collaborate with established developers.
“India’s residential market continues to show strong potential, and this transaction reflects our confidence in its sustained growth,” said Bharat Khanna, Head of India at BGO. The platform has already committed to nine projects across five cities, focusing on post-approval projects with established real estate partners.
India’s real estate sector has undergone significant transformation in recent years, thanks to government initiatives like the Goods and Services Tax (GST) and the Real Estate (Regulation and Development) Act (RERA). These reforms have brought transparency and accountability to the sector, making it more attractive for investors. “The funding is a testament to our shared vision of supporting high-value projects and driving long-term value creation,” said A Balasubramanian, Managing Director & CEO of Aditya Birla Sun Life AMC Ltd.
With this latest investment in Namo Realtech, the platform has committed USD $100 million across 10 deals, managing a total of 7.8 million square feet of area. The platform aims to achieve USD 1 billion of deployed capital under this strategy by 2028. AZB & Partners, Quantum, and Trilegal acted as advisors on the transaction.
Namo Realtech plans to launch its next project, a premium residential development in Gurgaon, in collaboration with Max Estates. “As we continue to scale, this investment will allow us to accelerate our future plans with regard to new projects that are already in the pipeline and at fairly advanced stages of discussion with other potential collaborators,” said Mohit Jain, Managing Director at Namo Realtech. Mohit Jain has a rich history in the real estate sector, having established Krisumi Corporation in India in a joint venture with Sumitomo Corporation of Japan.
Aditya Birla Capital Limited and Sun Life (India) AMC Investments Inc. are the promoters and major shareholders of Aditya Birla Sun Life AMC Limited (ABSLAMC), which primarily serves as the investment manager of Aditya Birla Sun Life Mutual Fund. This strategic investment by BGO and Aditya Birla Sun Life AMC in Namo Realtech underscores the growing confidence in India’s real estate sector and the potential for high-value, sustainable projects.
