Arnya Launches ₹750-Crore Preferred Equity Fund in Partnership with Casagrand Premier

Strategic Capital Partnership to Fund Growth Across South India

Mumbai-based Arnya RealEstates Fund Advisors has launched a ₹750-crore Category II Alternative Investment Fund (AIF) in partnership with Casagrand Premier Builder, focused on residential investments across Chennai, Bengaluru and Hyderabad. The fund, Arnya Real Estate Fund III – Preferred Capital, will invest ₹75 crore–₹200 crore across around eight to 10 projects.

The fund has been curated exclusively for projects to be developed by Casagrand, which will be responsible for their end-to-end execution. Casagrand has committed a minimum of ₹75 crore or 15 per cent of the fund corpus, whichever is higher, to ensure alignment of interests with fund investors.

Fund Structure and Investor Protection

The fund has been structured as a SEBI-registered Category II AIF with an investor-first cash-flow waterfall, where capital and returns are distributed to investors before residual distributions accrue to the developer. The fund will provide institutional and sophisticated investors exposure to real estate development margins through a preferred-equity investment structure.

Arnya's Track Record

Founded in 2023, Arnya has built a platform managing approximately ₹3,000 crore across multiple real estate strategies. The partnership with Casagrand spans more than 15 years.

Casagrand's South India Footprint

Founded in 2003, Casagrand is a leading real estate developer based in Chennai. Over the last nineteen years, the company has developed over 38 million sqft of prime residential real estate across Chennai, Bengaluru, Coimbatore, and Hyderabad. Over 40,000 families across 140+ landmark properties stand testimony to the company's commitment. Casagrand has projects worth over ₹8,000 crores in the pipeline.