Hyderabad: Certus Capital, an institutional real estate investment and advisory company has invested Rs130 crore in two commercial real estate projects in Pune for its secured bonds platform, Earnnest.me. The projects are located in city-centric locations with great connectivity and developed social infrastructure.
The projects are being developed by Mittal Brothers, a prominent Pune-based developer with an track record of 26 projects with over 65 lakh square feet over the past 25 years. The investment, in the form of secured debentures, offers approx. 15 per cent fixed return (IRR), with significant principal cover through underlying cashflows.
Ashish Khandelia, Founder, Certus Capital said, “We are delighted with the investor response we have seen for opportunities brought about by Earnnest.me. We believe it is imperative for India to develop its bond markets to achieve the true potential of our economy.”Ashish added: “And it is even more so important for capital-intensive sectors such as real estate.
