CHENNAI: Institutional real estate investment firm Certus Capital will invest Rs 125 crore for an upcoming residential project in Chennai launched by real estate developer CasaGrande through secured bond platform Earnest.me, the company said on Friday.
The investment of Rs 125 crore by Certus Capital is part of its vision to invest Rs 1,000 crore in secured debt in the real estate sector by FY25.
Realty developer Casagrande has delivered over 19 million sq ft across over 10 projects in Chennai, Bengaluru and Coimbatore.
The investment in the form of secured debentures offers 15 per cent fixed returns with significant principal cover through underlying cash flows, a company statement said here.
“Our investment with CasaGrande is in line with our goal of creating an alternative capital channel for the real estate industry, while providing attractive investment opportunities for investors in real estate projects backed by B developers with proven track records.” said Ashish Khandel, founder of Certus Capital.
He said, "At Earnnest.me, we will continue to provide carefully selected and diligent investment opportunities. Our larger vision is to play a major market maker role in the development of the real estate loan capital market."
The investment of Rs 125 crore by Certus Capital is part of its vision to invest Rs 1,000 crore in secured debt in the real estate sector by FY25.
Realty developer Casagrande has delivered over 19 million sq ft across over 10 projects in Chennai, Bengaluru and Coimbatore.
The investment in the form of secured debentures offers 15 per cent fixed returns with significant principal cover through underlying cash flows, a company statement said here.
“Our investment with CasaGrande is in line with our goal of creating an alternative capital channel for the real estate industry, while providing attractive investment opportunities for investors in real estate projects backed by B developers with proven track records.” said Ashish Khandel, founder of Certus Capital.
He said, "At Earnnest.me, we will continue to provide carefully selected and diligent investment opportunities. Our larger vision is to play a major market maker role in the development of the real estate loan capital market."
