Certus Capital Commits INR 400 Crore to Indian Real Estate Projects

Cetrus Capital does Major Investments in Chennai, Pune, and Mumbai real estate

Institutional real estate investment firm Certus Capital has announced a significant investment of over ₹400 crore across three real estate funding transactions. This investment is part of the firm's larger plan to invest ₹1,000 crore through secured credit in the fiscal year 2024-25.

Strategic Investments in Key Cities

Certus Capital has allocated ₹125 crore to a real estate project recently acquired by Casagrand in Chennai, Tamil Nadu, and ₹130 crore to Mittal Brothers’ project in Pune, Maharashtra. These investments are facilitated through Certus's secure bond platform, Earnnest.me. Additionally, the firm has finalized deals to deploy over ₹150 crore in two more projects in Mumbai.

Chennai Project: Premium Housing Development

The Chennai project involves the development of premium housing in a prime city location. This investment aligns with Certus Capital's strategy to provide growth capital to established players. Casagrand, which sold 5.8 million sq. ft. in 2022-23, saw the Chennai market grow by 37% year-on-year in 2023. The investment, made through secured debentures, is expected to generate around 15% fixed returns with principal cover, and the project holds a revenue potential of approximately ₹475 crore.

Mumbai Project: Consolidating Investments

Earnnest.me has strengthened its position in the premium boutique residential project of realty developer EON Group in Prabhadevi, Mumbai, by buying out a 50% partner in this investment. Recently, the platform also made a repeat investment in a residential project in Chennai. The stable economic conditions and consistent supply from established developers are bolstering the residential property sector in India.

Future Outlook and Economic Stability

Overall, the investments by Certus Capital reflect confidence in the stability and growth potential of India's residential property market. With robust plans and strategic partnerships, the firm is poised to play a significant role in the sector's expansion.