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Build Capital successfully exited its investment in a Slum Rehabilitation Authority (SRA) project near Bandra-Kurla Complex (BKC), Mumbai, marking another strong return in structured real estate financing. The firm's early-stage investment helped the developer overcome delays, align with DCPR 2034 guidelines, and improve project economics. With 2.25 lakh sq. ft. of carpet area, the project is expected to generate INR 725 crore in revenue. The exit delivered a 19.76% IRR, with timely interest payments to investors. Build Capital's CEO, Kuldeep Jain, emphasized their role in reviving projects and confirmed their ongoing focus on structured debt solutions for real estate development.
Build Capital, a pioneering early-stage real estate financier, had recently exited its investment in a Slum Rehabilitation Authority (SRA) project located near Bandra-Kurla Complex (BKC), Mumbai. This represented yet another successful exit for Build Capital earlier this year, reinforcing the company's commitment to delivering superior stakeholder value through structured real estate financing solutions. Advertisement
The firm had invested alongside the project's developer during its initial phases, thereby facilitating the acquisition of a project that had already experienced considerable time overruns. Build Capital's involvement enabled the developer to complete the remaining rehabilitation work while also converting the scheme parameters to align with DCPR 2034 guidelines.
This enhancement significantly improved the project's overall economics. The development, with an estimated potential of approximately 2.25 lakh sq. ft. of carpet area, is expected to generate revenue surpassing INR 725 crore once it reaches completion. The investment achieved a commendable Internal Rate of Return (IRR) of 19.76%, with investors receiving 100% of their interest payments on time.
Mr Kuldeep Jain, CEO of Build Capital, had stated that their strategic funding and active involvement were pivotal in reviving the project and ensuring its successful progression. He mentioned that the team took pride in unlocking value in early-stage developments and working in close collaboration with developers to drive execution.
Moving forward, Build Capital intends to maintain its focus on structured debt solutions across various real estate asset classes, continuing to unlock potential in complex projects and providing developers with the necessary support to achieve timely completion.
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