WhiteBoard Launches Rs 500 Cr Realty Growth Fund

Mumbai, May 6 (PTI) WhiteBoard Advisory & Management (WB), in partnership with Chennai-based real estate developer Casagrand, has launched a Rs 500-crore fund, focusing on providing growth capital to residential real estate projects across key markets in the country, a statement said on Wednesday.

The fund, Millenia WB Yield Fund, will primarily invest in residential projects across Chennai, Bengaluru and Hyderabad, with selective opportunities in other markets, the city-based real estate advisory platform said in a statement.

It is structured to offer yield-based returns to investors, backed by WB's investment experience and Casagrand's execution and sales track record, WB said.

The fund has already committed Rs 41 crore to its first investment, a premium villa project in South Hyderabad near airport corridor, a location which is seeing strong demand for premium housing with amenities, with an estimated topline of Rs 400 crore over 2.5 years, it stated.

The fund is targeting 4-“5 investments in 2026.


"We are seeing steady demand for well-located residential projects, especially in the IT corridors. With this fund, we want to back projects that have strong fundamentals and clear visibility on execution and sales," said Anchit Lakhotiya, Founder and Fund Manager at WhiteBoard Financial Advisor & Management.

WB operates as a platform offering solutions across equity, mezzanine, structured and senior credit for real estate investments, both onshore and offshore.

Partnering with Casagrand gives the company that comfort, given their experience in delivering and selling residential developments, Lakhotiya said, adding that "our focus is to build a portfolio that can generate stable, predictable returns for investors".

Recently, WB also acted as the sole advisor for a warehousing platform deal between Blackstone and Casagrand, involving over 150 acres across key locations in Chennai, including Santhavellore and Sri City.

Going forward, WB is working on building a larger alternative investment platform with an initial target asset under management of USD 250-500 million, it said.