BGO and Aditya Birla Sun Life AMC Ltd. had announced their collaboration to form a structured credit investment vehicle in June 2022, offering strategic financing solutions for transformative projects. The collaboration brought together two established investment managers in both the domestic and international markets. Ever since, the platform has successfully committed to 9 projects across 5 cities focusing on post approval projects with established real estate partners.
In its latest transaction, the real estate credit platform of BGO and Aditya Birla Sun Life AMC Ltd. has provided INR 350 crore in debt funding to Namo Realtech to fund its expansion in the real estate sector.
This transaction is a testament of the platform’s commitment to provide structured credit solutions to real estate partners. With the Namo Realtech deal, the platform has committed USD $100 Million across 10 deals with ~7.8 Mn sqft of area under management. With the robust deal pipeline under negotiation and a thriving Indian real estate market, the platform targets to achieve USD 1 Billion of deployed capital under this strategy by 2028.
This financing underscores the platform’s commitment to supporting high-quality real estate developments and strengthening its presence in India’s growing property sector. AZB & Partners, Quantum and Trilegal acted as advisors on the transaction.
Namo Realtech continues to expand its footprint in the Indian real estate market, with a focus on delivering high-quality residential developments. Following the success of Max Estate 360, the company is gearing up to launch its next project, a premium residential project in Gurgaon in collaboration with Max Estates, which is designed to offer contemporary living spaces with superior amenities. Namo Realtech remains committed to driving innovation in real estate and meeting the evolving needs of homebuyers.
Commenting on the funding, A Balasubramanian, Managing Director & CEO, Aditya Birla Sun Life AMC Ltd., said “We remain dedicated to providing strategic real estate credit solutions that foster growth and innovation in India’s property sector. India’s real estate sector has seen an increasing transformation in recent years with the help of government initiatives like GST and RERA. The funding is a testament to our shared vision of supporting high-value projects and driving long-term value creation.”
Bharat Khanna, Head of India at BGO, commented “We are pleased to support Namo Realtech’s expansion through this funding, reinforcing our belief in India’s thriving real estate market. India’s residential market continues to show strong potential, and this transaction reflects our confidence in its sustained growth.”
Mohit Jain, Managing Director at Namo Realtech, stated “This funding represents a pivotal step in strengthening our real estate business and expanding our footprint across various other strategic initiatives. As we continue to scale, this investment will allow us to accelerate our future plans with regard to new projects that are already in the pipeline and at fairly advanced stages of discussion with other potential collaborators.”
