Certus Capital Invests Rs 150 Crore in Two Mid-Market Real Estate Projects in Mumbai
Certus Capital has invested Rs 150 crore in two mid-market real estate projects in the Mumbai Metropolitan Region (MMR), aligning with its goal to invest Rs 1,000 crore in secured credit by the end of the financial year.
Certus CapitalReal Estate InvestmentMidmarket ProjectsMumbai Metropolitan RegionEarnnestmeReal Estate MumbaiOct 30, 2024
The two mid-income housing projects are strategically located near the Mumbai international airport and the extended western suburb of Vasai. The aggregate development area of these projects is 385,000 sq ft. The investments are part of the digital, secured debt platform, Earnnest.me, which is a subsidiary of Certus Capital.
These deals are in line with Certus Capital's broader strategy to support experienced developers in high-potential projects across tier-1 cities. According to Ashish Khandelia, founder of Certus Capital and Earnnest.me, these investments not only align with the company's goals but also contribute to the development of a broader high-yield bond market in the real estate sector.
Khandelia explained, 'These investments are in line with our strategy of supporting experienced developers in high-potential projects across tier-1 cities. We are also playing our part in the development of a broader high-yield, bond market, starting with real estate. These are institutionally assessed and diligenced deals, available to both individuals and institutions.'
Over the past three years, Certus Capital has closed nine deals for Earnnest.me and fully exited two, generating over 15% net returns for investors ahead of scheduled maturity. With these two new deals, the company has invested a total of Rs 450 crore since January this year. Certus Capital expects to close 2024 with total investments of Rs 600 crore, representing a six-fold increase compared to the previous year.
The company has a diverse portfolio, financing projects in cities such as Mumbai, Pune, and Chennai. Currently, Certus Capital is actively evaluating real estate investment opportunities in Bengaluru and Hyderabad. The platform has a 77% repeat investment interest, demonstrating the trust and confidence of its investors.
Recently, the platform introduced an institutional participation channel, attracting a large institutional investor with assets under management exceeding Rs 1 lakh crore. This investor has committed Rs 50 crore in one of the deals, further solidifying the platform's growth and credibility.
Frequently Asked Questions
What is the total investment made by Certus Capital in the two mid-market real estate projects in Mumbai?
Certus Capital has invested Rs 150 crore in the two mid-market real estate projects in the Mumbai Metropolitan Region.
Who are the developers of the mid-income housing projects near the Mumbai international airport and the extended western suburb of Vasai?
The mid-income housing projects are being developed by JSB Group and Dynamix Group.
What is the revenue potential of the two projects developed by JSB Group and Dynamix Group?
The combined revenue potential of the two projects is over Rs 750 crore.
What is the goal of Certus Capital in terms of secured credit investment by the end of the financial year?
Certus Capital aims to invest Rs 1,000 crore in secured credit in the real estate sector by the end of the financial year.
How much has Certus Capital invested since January this year, and what is their expected total investment by the end of 2024?
Certus Capital has invested around Rs 450 crore since January this year and expects to close 2024 with total investments of Rs 600 crore.
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