Arnya Real Estate, Supreme Universal secures Rs 1,000 cr real estate equity fund

Arnya Real Estate Fund Advisors, together with developer Supreme Universal, has raised over Rs 1,000 crore from domestic and international investors in the first close of its Arnya Real Estate Fund - Equity, an Alternative Investment Fund (AIF).

The fundraise is notable because there are few institutional equity investment platforms for Mumbai’s residential redevelopment projects, with most real estate funding in this segment usually provided as debt.

The Category II AIF, targeting a corpus of Rs 1,250 crore, will invest in redevelopment-led housing projects in Mumbai and Pune. Launched in November, the fund has already received commitments from domestic and international family offices and ultra-high-net-worth individuals.

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“A strong first close within three months reflects conviction in investment philosophy, disciplined underwriting approach, and execution capabilities. This equity fund marks our second strategy, following the robust investor response to our realty debt fund. The objective is to build a focused, institutional realty asset management platform led by experienced investment professionals, ensuring strong alignment of interests and disciplined capital allocation,” Sharad Mittal, Founder & CEO, Arnya Real Estates Fund Advisors, said.

Redevelopment-led projects in Mumbai present significant growth opportunities, as many older housing societies in the city are expected to be redeveloped in the coming years.

“As the real estate sector evolves, the quality and structure of capital have become as important as execution capability. Institutional partnerships such as this bring discipline, transparency and long-term alignment into redevelopment projects,” said Sunny Bijlani, Joint MD, Supreme Universal. “We are building a model where institutional capital and on-ground execution expertise converge to deliver premium projects for homeowners and consistent outcomes for investors.”

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The platform brings together Arnya’s real estate investment expertise and Supreme Universal’s experience in executing redevelopment projects in Mumbai and Pune. The fund, with a seven-year tenure, will mainly focus on projects in established residential neighborhoods, redeveloping older housing societies into modern residential buildings.

“Redevelopment is not merely about constructing buildings, it is about transforming communities and enhancing urban infrastructure. With Arnya as our investment partner, we are further strengthening our ability to undertake large-scale, well-capitalized redevelopment projects, unlocking meaningful value in Mumbai’s evolving residential ecosystem,” said Vishal Jumani, Joint MD, Supreme Universal.

Across Arnya’s debt fund and co-investments, the Assets Under Management (AUM) currently stand at Rs 700 crore. Of this, Rs 425 crore is committed to seven projects with residential developers in Mumbai, Pune, Bengaluru, and Chennai, including GAMI Group, Casagrand, Vaishnavi Group, MAIA Estates, Vertex Vega Group, and Kumar Corp.

“Our focus remains on curated, high-relevance realty investments through a regulated and transparent structure. Over the coming quarters, we intend to introduce additional differentiated offerings , enabling investors to participate across various real estate opportunities,” said Ramandeep Sassi, Chief Business Officer, Arnya Real Estates Fund Advisors.

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