Real Estate Equity | Investor-First AIF

Overview

Arnya Real Estate Fund – Equity is a SEBI-registered Category II Alternative Investment Fund (AIF) offering investors access to India’s residential real estate upside through equity participation in redevelopment projects. The fund focuses on short-cycle, self-monetising residential assets in high-demand micro-markets, primarily Mumbai (MMR) and Pune.

Investment Strategy

Investment Strategy

  • Asset Class: Residential Real Estate – Equity
  • Structure: SEBI CAT II AIF (with IFSC CAT III platform)
  • Focus Markets: Mumbai & Pune
  • Project Type: Redevelopment-led and select greenfield projects
  • Project Cycle: ~3–4 years
  • Approach: Equity participation in development margins with strong governance and control
Why Residential Equity

Why Residential Equity

  • Equity participation enables higher IRRs and superior multiples versus physical real estate
  • Post-RERA clean-up has reduced execution risk and favoured Grade A developers
  • Scarcity of early-stage growth capital creates attractive entry opportunities
  • Residential assets are self-liquidating, reducing exit risk

Target Returns

• Target Gross IRR: ~25–30% • Target MOIC: ~2.6x • Fund Tenure: ~7 years from first close

*Indicative, not assured.
Investor-First Structure

Investor-First Structure

  • ~22% Sponsor Commitment, ensuring strong alignment of interest
  • Manager-controlled SPVs for each project, enhancing governance and risk isolation
  • Performance-linked developer incentives
    • Investors receive 12% IRR hurdle before any additional return accrues to the developer
    • Higher developer upside only at higher fund IRRs
Key Differentiators

Key Differentiators

  • Tax-efficient equity AIF structure
  • Diversified portfolio across multiple projects
  • Strong control through SPV-level governance
  • Regulated platform under SEBI and RERA
Development Partner

Development Partner

Supreme Universal – Exclusive development partner
  • 40+ years of experience
  • 80+ projects delivered across MMR & Pune
  • 50+ lakh sq ft developed
  • Zero outstanding debt | 100% on-time delivery | Zero RERA complaints
Key Fund Terms (Indicative)

Key Fund Terms (Indicative)

  • Fund Type: SEBI Registered AIF – Category II
  • Target Fund Size: INR 500 Cr (+ green shoe)
  • Minimum Commitment: INR 2.5 Cr
  • Target Geography: Mumbai & Pune
  • Hurdle Rate: 12% IRR (pre-tax)
This content is for informational purposes only and does not constitute an offer or solicitation. Please refer to the PPM for detailed information.

Arnya Real Estate Fund – Equity Fund