 "Real estate developers, homebuyers, Real Estate, home loan rate, Reserve Bank of India")
Arnya Real Estate Fund Advisors, an alternative investment management firm, and Supreme Universal, a Mumbai-based real estate company, have announced the launch of a private equity fund focused on the Mumbai and Pune real estate markets. The fund’s target corpus is Rs 1,000 crore (a base fund of Rs 500 crore and a green-shoe option of Rs 500 crore).
The fund will particularly focus on redevelopment projects, with Supreme being an execution partner. Sharad Mittal, founder of Arnya Real Estate Fund, stated that the fund will not invest in distressed projects or low-cost housing projects. Mittal is eyeing an internal
