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Paradigm Realty Group has secured an institutional investment of INR 100 crore from Arnya RealEstates Fund for its residential project, 71 Midtown, in Chembur, Mumbai. The capital will be used to fund the completion of Phase 1 and Phase 2 of the approximately 4.5-acre development. Located near Sindhi Society, the project comprises one and two-bedroom apartments and benefits from connectivity to Bandra Kurla Complex (BKC) and other commercial hubs. The structured investment is aligned with the project's construction and completion schedule and is intended to support execution and delivery. Paradigm Realty has completed 13 residential projects over the past 11 years, delivering more than 3.6 million sq ft of real estate. The company currently has six ongoing developments with around 4 million sq ft under construction across Mumbai.
Paradigm Realty Group has secured an investment of INR 100 crore from Arnya RealEstates Fund for its flagship residential project, 71 Midtown, in Chembur, Mumbai. The institutional funding will be utilised to complete Phase 1 and Phase 2 of the development, supporting construction progress and project delivery.
The residential project is located near Sindhi Society in Chembur and is spread across approximately 4.5 acres as a gated community. It comprises one and two-bedroom apartments and forms part of the developer's residential portfolio in Mumbai.
According to the company, the investment has been structured to align with the project's construction and completion cycle. The funding is expected to strengthen cash flow during execution and support timely delivery of the remaining phases.
Situated in one of Mumbai's established residential neighbourhoods, the project offers connectivity to Bandra Kurla Complex (BKC), which is approximately 10 minutes away by road. The location also provides access to key commercial and business districts, while the proposed High Court complex in Bandra East is expected to enhance connectivity and accessibility for professionals working in the surrounding area.
Paradigm Realty said the project has witnessed healthy demand from homebuyers seeking residential developments with modern amenities and connectivity. The company, however, did not disclose sales figures or inventory details for the project.
Commenting on the transaction, Parthh K. Mehta, Chairman, Managing Director and Chief Mentoring Officer of Paradigm Realty Group, said the investment strengthens the financial position of the project and reflects institutional confidence in the company's execution capabilities, governance framework and long-term growth strategy. He added that the funding would support the completion of the development while enabling the company to continue focusing on timely project delivery.
Piyush Thakkaar, Director – Investments at Arnya RealEstates Fund Advisors, said the investment was driven by the project's location, planning and the developer's execution capabilities. He noted that the funding is intended to support the timely completion of the residential development in Chembur.
Over the past 11 years, Paradigm Realty has completed 13 residential projects across Mumbai, delivering more than 3.6 million sq ft of real estate and serving over 3,100 families, according to the company.
The developer currently has six ongoing residential projects with approximately 4 million sq ft under active development. The latest capital infusion adds to the growing role of alternative investment funds in financing residential developments, particularly projects with active construction pipelines and institutional funding requirements in key urban markets.
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