Arnya Real Estate Fund’s Equity Platform with Supreme Universal Achieves INR 1,030 Cr First Close

Arnya Real Estates Fund Advisors, in partnership with real estate developer Supreme Universal, has announced the first close of its Arnya Real Estate Fund – Equity, raising INR 1,030 crore from domestic and offshore investors within three months of launch.

The fund, launched in November 2025 with a target corpus of INR 1,250 crore, is focused on residential redevelopment projects in Mumbai.

According to the company, the rapid fundraising marks one of the fastest first closes in its segment. The equity platform combines the investment management expertise of Arnya Real Estates Fund Advisors with Supreme Universal’s long-standing development experience in Mumbai and Pune.

The fund will target redevelopment opportunities in Mumbai’s residential sector, which continues to attract investor interest due to sustained housing demand and limited land availability. By focusing on structured redevelopment projects with strong end-user demand, the fund aims to create value while maintaining disciplined capital deployment.

Sharad Mittal, Founder and CEO of Arnya Real Estates Fund Advisors, said, “This equity fund marks our second strategy, following the successful launch and strong investor response to our real estate debt fund. Our objective is to build a focused institutional real estate asset management platform led by experienced investment professionals.”

Mittal added that redevelopment in Mumbai offers long-term potential. “We believe that Mumbai’s residential redevelopment segment represents one of the most scalable and structurally resilient business models within Indian real estate. Through this fund, we are providing investors with a structured and transparent vehicle to participate in this opportunity alongside a proven execution partner.”

Sunny Bijlani, Joint Managing Director of Supreme Universal, highlighted the role of institutional capital in the sector. “As the real estate sector evolves, the quality and structure of capital have become as important as execution capability. Institutional partnerships such as this bring discipline, transparency, and long-term alignment into redevelopment projects,” he said.

Vishal Jumani, also Joint Managing Director at Supreme Universal, noted that redevelopment plays an important role in urban transformation. “Redevelopment is not merely about constructing buildings — it is about transforming communities and enhancing urban infrastructure. With Arnya as our investment partner, we are strengthening our ability to undertake large-scale redevelopment projects.”

Ramandeep Sassi, Chief Business Officer at Arnya, said the firm plans to introduce additional real estate investment products in the coming months.

The fund has attracted participation from family offices and ultra-high-net-worth individuals, reflecting growing investor interest in redevelopment-led opportunities linked to India’s urban growth.