WSB, a leading player in the Indian real estate investment landscape, has raised INR 850 crore+ through Fund plus coinvest, surpassing its initial target commitment of INR 500 crore. This accentuates the trust and continued confidence that investors have placed in WSB's expertise in managing third-party capital invested in the real estate sector.
WSB seeks to partner with developers known for their robust execution and delivery track record, contributing to the growth of the real estate sector in India.
“This success in fundraising is a testament to the trust and confidence that investors have in our ability to identify and execute real estate opportunities for providing attractive risk-adjusted returns. In the present fund - WSBREDF II, over two-thirds of the fund is deployed across 12 transactions, securing two exits with 23% gross IRR” said Kaushik Desai, managing partner and investment committee member of WSB.
“Amongst our distinguished developer partners, some of the notable names include Bollineni Group, Shapoorji Pallonji and Jain Housing. These partnerships reflect the trust and credibility that WSB has built within the real estate industry,” he said.
The fund has successfully raised capital from a diverse group of investors, including family offices, large corporate houses and domestic as well as offshore high-net-worth individuals (HNIs). This diversified investor base highlights the attractiveness of ’WSBREDF II's investment strategy and the recognition of its potential in the Indian residential real estate market. The fund's investments will play a pivotal role in providing quality housing solutions for mid-income and affordable housing segments while generating attractive returns for investors.
"We remain committed towards the growth and development of India's real estate sector. More than 12,000 homes were developed/delivered through our portfolio in last 4-5 years across 40+ projects" Desai added.
Since its inception in 2013, WSB Real Estate Partners Pvt. Ltd. has managed and committed over INR 2,000 Crore of debt capital to the residential real estate space. With a presence in five major metros and involvement in approximately 40+ real estate transactions, the group has already achieved exits/partial exits in more than 75% of transactions, showcasing a successful track record of investments.
