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Pecan Realty has completed four institutional transactions worth more than INR 150 crore over the past two years by acquiring multiple real estate projects through insolvency and structured finance processes. The transactions include resolution-led acquisitions through the National Company Law Tribunal (NCLT), enabling repayment and exits for public and private sector lenders. Among the key deals is the acquisition of the Pecan Yura commercial project in Andheri West. The developer said the transactions strengthen its strategy of pursuing project turnarounds, structured finance and capital partnerships as it expands across the Mumbai Metropolitan Region and Thane.
Pecan Realty has completed four institutional transactions with a cumulative value exceeding INR 150 crore over the past two years through the acquisition of multiple real estate projects from insolvency proceedings and structured finance arrangements. The developer said the transactions reinforce its execution-led strategy focused on resolution-driven acquisitions, project turnarounds and institutional partnerships.
The acquisitions were completed through resolution processes under the National Company Law Tribunal (NCLT), providing repayment and exit opportunities for both public and private sector lenders. According to the company, the transactions demonstrate its ability to resolve distressed projects, work with institutional stakeholders and execute structured exits across its portfolio.
One of the company's largest transactions involved Pecan Yura, a Grade A commercial development located off Juhu Circle on the Juhu–Versova Link Road in Andheri West. The project comprises premium office spaces, retail units and food and beverage outlets.
Pecan Realty acquired the commercial asset through the NCLT process after its resolution plan received approval in May 2023. As part of the transaction, the company partnered with Certus Capital to facilitate the exit of ICICI Prudential Real Estate Alternative Investment Fund. In March 2026, Pecan Realty completed its exit from Certus Capital using internal cash flows.
The developer also concluded its first debt closure with a public sector bank by assuming a loan secured against a stalled residential project in Borivali West. The company stated that it delivered the completed residential building to its occupants during the previous quarter, demonstrating its capability to resolve projects financed by a diverse range of institutional lenders.
Founded in 2012 by Rohit Garodia, Pecan Group operates across real estate and e-commerce businesses and is supported by a workforce of more than 150 professionals. According to the company, it has recorded sales exceeding INR 3,500 crore over the past five years while continuing to expand through disciplined capital deployment and project execution.
Commenting on the milestone, Rohit Garodia, Founder of Pecan Realty, said the company has remained focused on disciplined execution, responsible capital management and building long-term credibility with institutional partners over the past two years. He added that transactions involving insolvency resolutions, debt closures and structured financing have strengthened the company's execution capabilities and financial discipline. Garodia further said that as the development portfolio expands, institutional relationships will remain central to the company's long-term strategy, with an emphasis on undertaking larger and more complex transactions in the future.
Pecan Realty said it will continue expanding its presence across the Mumbai Metropolitan Region and Thane through project turnarounds, redevelopment opportunities and execution-led growth while strengthening partnerships with banks, non-banking financial companies (NBFCs) and institutional investors.
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