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Build Nivesh LLP (formerly Labdhi Nivesh LLP) has successfully closed its first real estate Alternative Investment Fund (AIF) with a robust investor response, leveraging 100% of its green-shoe option. This brings the fund's total corpus to INR 40 crore, with an additional INR 40 crore committed for future investments. Now part of BUILD Capital, Build Nivesh is focused on financing real estate projects in the Mumbai Metropolitan Region (MMR) and has strategic plans to partner with Labdhi Lifestyle Limited. This AIF closure empowers the BUILD platform to offer innovative financing solutions to developers in MMR, filling a critical industry need.
Build Nivesh LLP (previously 'Labdhi Nivesh LLP') has announced the final closure of its inaugural real estate AIF, showcasing significant investor interest by utilizing 100% of the green-shoe option. The fund's final close achieved a total corpus of INR 40 crore, alongside an additional INR 40 crore in investor commitments for add-on investment opportunities, thereby increasing the total investible corpus. Advertisement
Build Nivesh LLP is now part of 'BUILD Capital', a specialized entity focused on Real Estate Asset Management. The fund aims to explore investment opportunities in real estate developments across the Mumbai Metropolitan Region (MMR).
Mr. Kuldeep Jain, CEO and Co-Founder of Build Capital, who brings extensive expertise in real estate advisory, corporate fundraising, and project financing, stated, Build Nivesh will form part of our larger Real Estate Asset Management business currently being incubated under the BUILD brand. The fund plans to partner with Labdhi Lifestyle Limited to invest in four to five projects, focusing exclusively on the Mumbai Metropolitan Region (MMR) by acquiring significant minority stakes."
Highlighting the founding team's expertise, Mr. Rahul Nahata, Co-Founder of Build Nivesh LLP, remarked,
"Investors have been particularly drawn to the wealth of experience offered by our founding team. Collectively, we have advised on over 650 real estate projects, so far. This blend of financial expertise with deep operational knowledge gives our team a unique perspective"
The successful fundraising positions the BUILD platform as a significant player within the MMR real estate finance sector. Co-Founder Mr. Vikas Jain noted, "We're now equipped to provide a broad range of financing solutions, from short-term bridge loans to long-term quasi-equity investments."
Mr. Rupesh Somani, Co-Founder, added "Build Nivesh will announce its first investment soon. We are excited at the talent we have been able to attract and are bullish on the team at BUILD. You will be hearing more from us soon."
India's evolving real estate sector is prompting developers to seek diverse funding sources, with AIFs gaining traction. Real Estate AIFs offer institutional investors a fresh approach to engage in the real estate market via diversified portfolios, creating a stable, long-term financing avenue for developers and decreasing reliance on traditional financing options like banks and NBFCs.
In conclusion, Build Nivesh LLP's maiden AIF close represents a promising addition to India's real estate finance landscape, particularly in the MMR. The BUILD platform is well-positioned to meet developer needs with a range of tailored financing solutions, reinforcing the growth and stability of the real estate sector through alternative funding that reduces dependency on traditional banking institutions.
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