Build Capital has successfully exited its investment in a Slum Rehabilitation Authority (SRA) project near Bandra-Kurla Complex (BKC), Mumbai. This marks another successful exit for Build Capital this year, reinforcing its commitment to creating superior stakeholder value through structured real estate financing solutions.
Build, invested along with the developer at an early stage, facilitating the acquisition of a project that had already suffered significant time overruns. Build's investment helped the developer complete the balance rehab works and convert the scheme parameters to DCPR 2034, thereby enhancing the total project economics. The project, with a total development potential of around 2.25 lakh sq. ft. of carpet area, is projected to generate revenue exceeding Rs 725 crore upon completion.
The investment generated an impressive Internal Rate of Return (IRR) of 19.76 per cent, with 100 per cent on-time interest payments to investors.
This investment underscores Build Capital's expertise in identifying high-potential opportunities and facilitating their turnaround through structured funding and strategic oversight.
Kuldeep Jain, CEO of Build Capital, said, "Our strategic funding and active involvement were instrumental in reviving this project and ensuring its successful progress. We take pride in unlocking value in early-stage developments and working closely with developers to drive execution. Build Capital remains committed to providing structured debt solutions across various real estate asset classes, ensuring high returns for investors while enabling project completion."
