Arnya Realestates Fund Advisors Pvt. Ltd. (“Arnya”) has partnered with Casagrand Premier Builder Limited (“Casagrand”) to launch Arnya Real Estate Fund III – Preferred Capital, a SEBI-registered Category II Alternative Investment Fund (AIF) targeting a corpus of ₹750 crore.
The fund will focus on residential real estate opportunities in Chennai, Bengaluru and Hyderabad, with investments ranging from ₹75 crore to ₹200 crore across around 8–10 projects. Structured as Preferred Equity, the fund aims to provide institutional and sophisticated investors with access to residential development opportunities while maintaining an investor-first distribution structure.
Arnya, founded in 2023, currently manages approximately ₹3,000 crore across multiple real estate investment strategies. The latest fund also strengthens a relationship between Arnya and Casagrand that spans more than 15 years. During this period, Arnya Founder and CEO Sharad Mittal has worked with Casagrand across more than 20 development projects.
Casagrand brings over two decades of real estate development experience, with a portfolio exceeding 88 million sq. ft. across 180+ projects. Its development expertise and market presence complement Arnya’s institutional investment and capital structuring capabilities.
Arun Mn, Founder, Chairman & Managing Director, Casagrand Premier Builder Limited, said the partnership aims to create a scalable platform for supporting high-quality residential developments across Southern India.
Sharad Mittal, Founder & CEO, Arnya Realestates Fund Advisors, said the fund reflects the firm’s focus on structured investment products that seek to balance risk and returns while aligning investors and development partners.
The fund’s investor-first cash flow waterfall provides for capital and returns to be distributed to investors before residual distributions accrue to the developer.