Key Takeaways
- • Arnya Real Estates Fund Advisors and Supreme Universal achieved first close of Arnya Real Estate Fund – Equity at Rs 1,030 crore ($111 million), exceeding the original base target of Rs 1,000 crore with a total fund corpus target of Rs 1,250 crore.
- • The fund launched in November 2025 as a platform partnership combining Arnya's institutional real estate investment management expertise with Supreme Universal's development capabilities in Mumbai and Pune property markets.
- • Capital raised from a diversified mix of domestic and offshore institutional investors, with fund tenure of approximately 7 years from first close and exclusive development partnership with Supreme Universal.
- • Strategy focuses on residential redevelopment opportunities in Mumbai, which Arnya management characterizes as a scalable and structurally resilient business model within the Indian real estate sector.
- • This equity fund represents Arnya's second strategy vehicle, following the successful launch of a real estate debt fund, positioning the platform as a multi-strategy institutional real estate asset manager.
Summary
Arnya Real Estates Fund Advisors and Supreme Universal have marked a significant milestone in their institutional partnership with the first close of the Arnya Real Estate Fund – Equity at Rs 1,030 crore ($111 million). The achievement represents substantial investor confidence, as the fund exceeded its original base target of Rs 1,000 crore. The fund maintains a total target corpus of Rs 1,250 crore, which includes a greenshoe option, providing room for capital deployment beyond the first close.
Launched in November 2025 under a structured platform partnership, the fund combines complementary capabilities: Arnya's expertise in institutional real estate investment management with Supreme Universal's development experience and track record in the Mumbai and Pune markets. Capital was raised from a diversified investor base spanning both domestic and offshore institutional investors, reflecting institutional appetite for structured real estate equity vehicles in India's residential sector.
The fund's strategy concentrates on residential redevelopment opportunities in Mumbai, a segment management believes represents one of the most scalable and structurally resilient business models available in Indian real estate. According to Sharad Mittal, founder and CEO of Arnya Real Estates Fund Advisors, the equity fund marks the platform's second strategy vehicle, following a successful real estate debt fund launch. Mittal emphasized the platform's objective to build a focused, institutional-grade asset management operation with experienced real estate investment professionals and disciplined capital allocation practices.
Sunny Bijlani, joint managing director of Supreme Universal, underscored the strategic rationale for the partnership, noting that as the real estate sector evolves, institutional capital quality and structure have become as critical as execution capability. The partnership is designed to bring discipline, transparency, and long-term alignment to redevelopment projects. The fund carries an approximate 7-year tenure from first close, with Supreme Universal serving as the exclusive development partner, and the vehicle emphasizes on-time delivery across its portfolio.
Launched in November 2025 under a structured platform partnership, the fund combines complementary capabilities: Arnya's expertise in institutional real estate investment management with Supreme Universal's development experience and track record in the Mumbai and Pune markets. Capital was raised from a diversified investor base spanning both domestic and offshore institutional investors, reflecting institutional appetite for structured real estate equity vehicles in India's residential sector.
The fund's strategy concentrates on residential redevelopment opportunities in Mumbai, a segment management believes represents one of the most scalable and structurally resilient business models available in Indian real estate. According to Sharad Mittal, founder and CEO of Arnya Real Estates Fund Advisors, the equity fund marks the platform's second strategy vehicle, following a successful real estate debt fund launch. Mittal emphasized the platform's objective to build a focused, institutional-grade asset management operation with experienced real estate investment professionals and disciplined capital allocation practices.
Sunny Bijlani, joint managing director of Supreme Universal, underscored the strategic rationale for the partnership, noting that as the real estate sector evolves, institutional capital quality and structure have become as critical as execution capability. The partnership is designed to bring discipline, transparency, and long-term alignment to redevelopment projects. The fund carries an approximate 7-year tenure from first close, with Supreme Universal serving as the exclusive development partner, and the vehicle emphasizes on-time delivery across its portfolio.
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