Arnya Launches ₹750 Crore Real Estate Fund With Casagrand Premier

Mumbai-based Arnya RealEstates Fund Advisors has launched a ₹750 crore Category II Alternative Investment Fund (AIF) in partnership with Casagrand Premier Builder, targeting residential real estate projects across key southern markets.

The Arnya Real Estate Fund III – Preferred Capital will invest between ₹75 crore and ₹200 crore across around eight to 10 Casagrand projects, primarily in Chennai, Bengaluru and Hyderabad.

The fund has been created exclusively for projects to be developed by initial public offering (IPO)-bound Casagrand, which will handle the end-to-end execution of these projects.

How Will The Fund Invest In Casagrand Projects?

The real estate fund will use a preferred-equity structure to give institutional and other sophisticated investors exposure to real estate development margins. Under the arrangement, investors will have the first claim on profits from the underlying projects as well as distribution proceeds at the fund level.

Casagrand has committed a minimum of ₹75 crore, or 15% of the fund corpus, whichever is higher. This is intended to align the developer's interests with those of the fund investors.

The fund is structured as a Securities and Exchange Board of India (SEBI)-registered Category II AIF with a cash-flow structure that prioritises investors. Under this structure, investors receive their capital and returns before residual distributions are made to the developer.

What Is The Size Of Casagrand’s Project Portfolio?

Casagrand has a portfolio of more than 88 million square feet across over 180 projects. As of 30 June 2026, the developer had completed 103 projects covering 21.79 million square feet of saleable area. It also had 57 ongoing projects covering 44.10 million square feet and 21 upcoming projects with an estimated saleable area of 23.81 million square feet.

Its projects are spread across Chennai, Bengaluru, Hyderabad, Coimbatore, Pune and Dubai. Arnya, founded in 2023, said the new fund is its third, while its platform manages around ₹3,000 crore across multiple real estate strategies.

Who Is The Fund Targeting?

Arnya expects the fund to attract family offices, ultra-high-net-worth individuals, institutions and other sophisticated investors looking for exposure to India's residential real estate market through a regulated investment platform.

Earlier this year, the firm announced the first close of its residential equity fund at more than ₹1,030 crore. It is also building a broader real estate investment platform covering debt, equity, preferred capital and core assets.

Casagrand's partnership with Arnya is aimed at creating a platform for residential real estate development across southern India, according to the companies.

Also Read - REC Raises ₹500 Crore Through India’s First Tokenised Corporate Bond Pilot