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WhiteBoard Advisory & Management, in partnership with Casagrand, has launched a INR 500 crore real estate investment fund focused on providing growth capital to residential housing projects across key southern Indian markets. The newly launched Millenia WB Yield Fund will primarily target projects in Chennai, Bengaluru and Hyderabad, with selective investments in other cities. The fund has already committed INR 41 crore towards its first investment, a premium villa development near Hyderabad’s airport corridor with an estimated topline of INR 400 crore over a two-and-a-half-year period. The platform plans to undertake four to five investments during 2026 as institutional and alternative capital continues to expand within India’s residential real estate sector.
WhiteBoard Advisory & Management and Chennai-based developer Casagrand have launched a INR 500 crore residential real estate investment fund aimed at financing housing projects across southern India’s major urban markets. Advertisement
The newly launched platform, named Millenia WB Yield Fund, will focus on providing growth capital to residential developments primarily across Chennai, Bengaluru and Hyderabad, while also evaluating selective opportunities in other cities.
According to the companies, the fund has been structured to deliver yield-based returns for investors by combining WhiteBoard Advisory & Management’s investment and financing expertise with Casagrand’s residential project execution and sales capabilities.
The fund has already deployed its first investment, committing INR 41 crore towards a premium villa project located in South Hyderabad near the airport corridor. The project is expected to generate an estimated topline revenue of INR 400 crore over a period of around two-and-a-half years.
The companies stated that the Hyderabad micro-market had been witnessing sustained demand for premium residential developments supported by infrastructure growth and housing demand from professionals employed in technology and allied sectors.
The fund plans to undertake four to five investments during 2026 as it expands its residential financing portfolio across southern markets.
Anchit Lakhotiya stated that demand for well-located residential projects remained steady, particularly across IT corridors and growth markets. He indicated that the fund intended to support projects with strong fundamentals and clear visibility on execution and sales performance.
Lakhotiya further stated that the partnership with Casagrand provided execution confidence due to the developer’s experience in delivering and marketing residential projects. He added that the platform’s objective was to create a portfolio capable of generating predictable and stable returns for investors.
WhiteBoard Advisory & Management operates as a real estate investment and advisory platform providing financing solutions across equity, mezzanine, structured finance and senior credit instruments for domestic and offshore real estate investments.
The company also recently acted as sole advisor in a warehousing platform transaction involving Blackstone and Casagrand covering more than 150 acres across key industrial locations in Chennai, including Santhavellore and Sri City.
According to the company, it is also working towards building a larger alternative investment platform with an initial target of managing assets worth between USD 250 million and USD 500 million.
The launch comes at a time when alternative investment platforms and private capital providers are increasing exposure to India’s residential real estate sector, particularly in cities witnessing sustained housing demand and infrastructure-led expansion.
Source - PTI
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