FractoProp Secures SEBI Registration for Ridhama Real Estate Fund
Mumbai, Mar 19: FractoProp, a real estate-focused fund management company, has received registration from the Securities and Exchange Board of India (SEBI) for the Ridhama Real Estate Fund, a Category II Alternative Investment Fund (AIF). The registration marks a significant milestone for the firm as it looks to expand its platform and offer structured real estate investment opportunities to institutional and sophisticated investors.
The fund is targeting a corpus of Rs. 50 crore, with a greenshoe option of up to Rs. 75 crore, taking the potential fund size to Rs. 125 crore. This strategic move aims to capitalize on the growing demand for structured capital in the real estate sector, particularly in high-growth urban micro-markets.
The Ridhama Real Estate Fund will focus on structured credit and equity investments in mid-income and premium residential and commercial real estate projects across high-growth micro-markets within the Mumbai Metropolitan Region (MMR). The fund is expected to typically deploy investments in the range of Rs. 10–12 crore per project, supporting developments with strong fundamentals and credible developer partners.
The strategy will target capital-efficient development opportunities while maintaining a risk-conscious investment approach supported by appropriate collateral and security structures. This balanced approach aims to ensure both growth and stability in the investments made by the fund.
Commenting on the development, Dhaval Thakkar, Sponsor of the Fund, said, “Over the past few years, we have seen increasing demand for structured sources of capital in the real estate sector, particularly for projects in high-growth urban micro-markets. The SEBI registration for the Ridhama Real Estate Fund allows us to take a more structured approach to these opportunities by investing in well-evaluated developments and partnering with credible developers.”
The fund is sponsored by R.D. Brothers Group, a diversified real estate group with over two decades of experience in land acquisition, project development, and asset monetisation across Maharashtra, Gujarat, and West Bengal. This extensive experience and expertise will be leveraged to identify and capitalize on the most promising real estate opportunities in the region.
FractoProp's successful SEBI registration for the Ridhama Real Estate Fund underscores the company's commitment to providing innovative and structured investment solutions in the real estate sector. With a focus on high-growth markets and a risk-conscious approach, the fund is poised to make a significant impact in the Indian real estate landscape.
