Arnya RealEstates launches ₹750 crore AIF with Casagrand

Arnya RealEstates Fund Advisors has launched Arnya Real Estate Fund III – Preferred Capital, a Category-II AIF with a target corpus of ₹750 crore. The fund, launched in partnership with Casagrand Premier Builder, will invest in residential projects across Chennai, Bengaluru and Hyderabad.

Arnya RealEstates Fund Advisors has launched Arnya Real Estate Fund III – Preferred Capital, a Category-II alternative investment fund with a target corpus of ₹750 crore. The fund has been launched in partnership with Casagrand Premier Builder and will focus on real estate opportunities across Chennai, Bengaluru and Hyderabad.

The fund will invest between ₹75 crore and ₹200 crore each across about 8-10 projects through a preferred equity investment structure. Arnya said the fund is designed to provide institutional and sophisticated investors exposure to real estate development margins.

Founded in 2023, Arnya has built a platform managing about ₹3,000 crore across multiple real estate strategies. This is the firm’s third fund. Casagrand has over two decades of experience and a portfolio of more than 88 million sq ft across over 180 projects.

Mittal, founder & CEO of Arnya RealEstates Fund Advisors, said India’s residential real estate sector has entered a stronger phase, supported by regulatory reforms, formalisation and demand for organised developers. Earlier this year, Arnya announced the first close of its residential equity fund at over ₹1,030 crore.