Aditya Birla Sun Life AMC, BGO target US$1b India real estate portfolio
Aditya Birla Sun Life AMC and global investment firm BGO are targeting a US$1 billion real estate portfolio in India over the next two to three years. The platform has invested over US$200 million since 2022 across 19 projects in six cities.
MUMBAI: The real estate credit platform formed by Aditya Birla Sun Life AMC and global investment firm BGO is targeting a US$1 billion portfolio in India over the next two to three years. The platform, which operates through alternative investment funds and portfolio management services, has invested more than US$200 million in India since 2022, spanning 19 projects across six cities.
The plan to deploy more capital comes as developers increasingly turn to institutional investors for structured capital amid regulatory changes, sector consolidation and stronger balance sheets among leading players. The platform focuses on residential, commercial and mixed-use developments with necessary approvals, partnering with established developers who have a proven track record.
"The evolution of India's real estate market is creating a larger role for institutional credit, particularly as developers look for capital that is structured around the stage and risk profile of a project," A Balasubramanian, managing director and CEO of Aditya Birla Sun Life AMC, told ET. "For us, the opportunity is not simply about deploying more capital, but about identifying projects where strong underlying fundamentals, experienced developers and robust structures can come together."
The platform remains focused on managing downside risks and preserving capital across market cycles, Balasubramanian said. Akshat Pandya, head of real estate at ABSL AMC, leads the platform, with Bharat Khanna serving as head of India at BGO.
The platform follows a disciplined underwriting approach, with due diligence covering technical, legal, financial and market parameters. Its investments carry security cover of 1.5-2 times, while the portfolio is monitored through the investment lifecycle.
The strategy combines ABSL AMC's local origination, underwriting, portfolio management and real estate expertise with BGO's global real estate investment experience and portfolio advisory capabilities.
