Mumbai, India – Certus Capital, a well-known real estate investment and consultancy firm, has announced its plan to invest Rs 1,000 crore in India’s real estate sector in the upcoming year through secured loans.
Ashish Khandelia, a former director at KKR, has founded a company that has already invested over Rs 400 crore through its secure bond platform, Earnnest.me. The company expects to surpass Rs 500 crore in total investments by the end of the year.
SUMMARY
– Certus Capital aims to invest Rs 1,000 crore in India’s real estate sector through secured credit via its Earnnest.me platform.
– The firm has already invested Rs 400 crore through Earnnest.me and expects to cross Rs 500 crore by year-end.
– Certus Capital’s recent investment of Rs 130 crore in Pune projects is part of its focus on its own investment platform.
– Earnnest.me aims to democratize access to institutional-quality real estate investments for individuals, targeting risk-mitigated returns.
– Indian real estate is experiencing strong performance, boosting investor confidence in the sector.
Before launching its own investment platform two years ago, Certus Capital offered consulting services for institutional investments in Indian real estate valued at roughly Rs 10,000 crore. This surpassed a total investment of Rs 500 crore by the end of the year.
“We strongly believe in the importance of developing India’s bond markets to unlock the true potential of our economy, especially in capital-intensive sectors like real estate,” said Khandelia. “Through Earnnest.me, Certus Capital is playing a pivotal role as a market maker for real estate debt capital markets.”
Certus Capital has recently invested a total of Rs 130 crore in two commercial real estate projects in Pune. These projects were created by Mittal Brothers, a real estate developer. The investment placed through Earnnest.me is expected to provide a fixed return of approximately fifteen percent. The principle will be safeguarded by the fundamental cash flows. The projects have a combined earning potential of Rs 800 crore. They include a commercial area measuring 260,000 square feet, situated on Fergusson College Road. Furthermore, there is a plot of land located on Bundgarden Road that spans one acre and possesses the capacity to be transformed into a 300,000 square feet development.
“The property market is witnessing strong performance across segments, bolstering investor confidence,” Khandelia said. “Our latest investment in Pune aligns with our target of investing Rs 500 crore in the current fiscal year.”
Earnnest.me recently exited its debut investment in affordable housing, delivering a 16.1% net return one year ahead of schedule. The platform also consolidated its position in a Mumbai residential project and made a repeat investment in a Chennai residential project, leveraging its exclusive deal access.
Earnnest.me aims to democratize access to high-quality real estate investment opportunities, making them affordable for retail investors while mitigating risk.
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By Ravi Kumar