Build Capital Successfully Exits Second SRA Project with Impressive 19.76% IRR
Build Capital, a leading real estate investment firm, has successfully exited its second Slum Rehabilitation Authority (SRA) project, achieving a commendable 19.76% Internal Rate of Return (IRR). This project, located in the heart of Mumbai's Bandra-Kurla
Real EstateSlum Rehabilitation AuthorityIrrBandrakurla ComplexMumbaiReal Estate MumbaiMar 12, 2025
Build Capital's involvement in the SRA project began with a partnership with a local developer, who specializes in transforming slum areas into functional and livable communities. The Bandra-Kurla Complex, a key business district in Mumbai, has been a focal point for development due to its strategic location and high demand for residential and commercial properties. The project aimed to provide high-quality housing for the displaced residents while also creating a vibrant, modern living environment.
The successful completion of this project is a testament to Build Capital's expertise in navigating the complexities of the Indian real estate market. The company's team of seasoned professionals brought together a wealth of experience in project management, finance, and regulatory compliance to ensure the project met all its objectives. The 19.76% IRR not only reflects the financial success of the project but also highlights the positive social impact it has had on the community.
Mumbai, one of the most densely populated cities in the world, faces significant challenges in providing adequate housing for its residents. The Slum Rehabilitation Authority (SRA) plays a crucial role in addressing this issue by facilitating the development of projects that improve living conditions for slum dwellers. Build Capital's involvement in SRA projects aligns with the broader goals of the SRA and contributes to the city's overall development plan, known as the Development Control and Promotion Regulations (DCPR) 2034.
The Bandra-Kurla Complex, where the project is located, is a rapidly developing area that has seen a surge in property values and infrastructure improvements. The complex is home to numerous corporate offices, financial institutions, and residential properties, making it an attractive location for investors. Build Capital's successful exit from this project is a clear indication of the market's confidence in the area's growth potential and the company's ability to capitalize on such opportunities.
Looking ahead, Build Capital is poised to continue its focus on high-impact real estate projects that not only deliver strong financial returns but also contribute to the social and economic well-being of communities. The company's track record of success in the SRA segment positions it as a key player in the Indian real estate market, and its latest achievement is a promising sign for future endeavors.
For investors, the 19.76% IRR achieved by Build Capital's SRA project in the Bandra-Kurla Complex is a compelling demonstration of the potential returns that can be generated through well-executed real estate investments. The project's success is a testament to the company's strategic vision, operational excellence, and commitment to sustainable development. As the real estate market continues to evolve, Build Capital remains well-positioned to capitalize on emerging opportunities and deliver value to its stakeholders.
Frequently Asked Questions
What is the Slum Rehabilitation Authority (SRA)?
The Slum Rehabilitation Authority (SRA) is a government body in Mumbai, India, responsible for the redevelopment of slum areas. It facilitates the construction of new housing for slum dwellers while also allowing developers to build additional units for sale, which helps finance the project.
What is the Internal Rate of Return (IRR)?
The Internal Rate of Return (IRR) is a financial metric used to evaluate the profitability of potential investments. It represents the annualized rate of return on an investment, considering the time value of money.
Where is the Bandra-Kurla Complex located?
The Bandra-Kurla Complex is a major business district located in Mumbai, India. It is situated between the suburbs of Bandra and Kurla and is home to numerous corporate offices, financial institutions, and residential properties.
What is the Development Control and Promotion Regulations (DCPR) 2034?
The Development Control and Promotion Regulations (DCPR) 2034 is a comprehensive urban development plan for Mumbai, outlining the city's growth and development vision up to the year 2034. It includes guidelines for land use, infrastructure development, and environmental sustainability.
What is Build Capital's role in the SRA project?
Build Capital partnered with a local developer to finance and manage the SRA project in the Bandra-Kurla Complex. The company's expertise in project management, finance, and regulatory compliance was crucial in ensuring the project's success and the achievement of a 19.76% IRR.
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