Unlocking Affordable Housing: WSB Real Estate Raises Rs 700cr for Mid-Income Investments
WSB Real Estate Partners has raised over Rs 700 crore to invest in mid-income and affordable housing projects in tier I and select tier II Indian cities.
Real EstateAffordable HousingMid Income HousingDebt FundAlternative InvestmentReal EstateJul 29, 2024
The fund, which has a term of six years from initial closing, further extendable by up to two periods of one year each, has witnessed active participation from investors including large family offices, corporates, offshore investors, and high networth individuals (HNIs). WSB Real Estate Partners' Managing Partner, Kaushik Desai, expressed his gratitude towards the investors who have reposed faith in the company by investing in this fund. He emphasized that the company's ability to deliver favourable risk-adjusted returns to its investors is due to its qualitative underwriting and active asset management.
The fund has already initiated two investments and built a healthy pipeline for the new fund, in line with the platform's proactive investment strategy. This is WSB Real Estate Partners' fourth fund, and the group has raised over Rs 3,000 crore for real estate deployment since 2013. The company has invested in 58 transactions, exiting more than 75% of its invested capital.
WSB Real Estate Partners seeks to collaborate with established realty developers with robust execution and delivery track records. Investments will be diversified across various stages of the development cycle, ensuring prudent risk management and maximizing investor returns. This approach strategically aligns with meeting the growing demand for quality housing in urban pockets across the country.
The new fund's primary focus will be on investing in structured debt for mid-income and affordable housing projects through non-convertible, optionally convertible, compulsorily convertible debentures, etc. These investments will be fully secured by underlying collateral. The fund will be seeking first charge on projects, units, and hypothecation of cash flows while making an investment in the project. It will set up an escrow mechanism with cash flow control for security.
Information
WSB Real Estate Partners is an alternative investment platform that has been actively investing in the Indian real estate sector since 2013. The company has a strong track record of delivering favourable risk-adjusted returns to its investors.
WSB Real Estate Partners is a leading alternative investment platform that focuses on investing in mid-income and affordable housing projects across India. The company has a strong commitment to delivering quality housing solutions to the citizens of India.
Keywords WSB Real Estate, affordable housing, mid-income housing, real estate debt fund, alternative investment platform, Indian real estate sector.
Frequently Asked Questions
What is the target corpus of WSB Real Estate Debt Fund III?
The target corpus of WSB Real Estate Debt Fund III is Rs 1,000 crore, expandable by another Rs 1,000 crore through a green shoe option.
Who are the investors in WSB Real Estate Debt Fund III?
The investors in WSB Real Estate Debt Fund III include large family offices, corporates, offshore investors, and high networth individuals (HNIs).
What is the primary focus of WSB Real Estate Debt Fund III?
The primary focus of WSB Real Estate Debt Fund III is on investing in structured debt for mid-income and affordable housing projects.
How many transactions has WSB Real Estate Partners invested in since 2013?
WSB Real Estate Partners has invested in 58 transactions since 2013.
What is the internal rate of return (IRR) of WSB Real Estate Partners' previous fund?
The IRR of WSB Real Estate Partners' previous fund is nearly 23%.
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