Certus Capital, a leading institutional real estate investment firm, has announced a substantial investment of ₹125 crore in an upcoming residential development by Casagrand in Chennai. This investment will be facilitated through the secured bonds platform Earnnest.me, as disclosed by the company.
This move aligns with Certus Capital’s strategic plan to inject ₹1,000 crore into secured credit within the real estate sector by the close of FY25. The firm had previously invested ₹130 crore in two significant commercial real estate ventures in Pune.
The Chennai investment will be structured as secured debentures, offering a fixed return of 15%, backed by strong principal protection through underlying cash flows, according to the company’s statement. Casagrand, established by Arun MN nearly two decades ago, has delivered over 19 million sq. ft. across more than 100 projects in major cities such as Chennai, Bengaluru, and Coimbatore.
Ashish Khandelia, founder of Certus Capital, stated, “Our partnership with Casagrand is in line with our objective to create a new capital channel for the real estate industry, presenting attractive investment opportunities in projects supported by developers with established track records. At Earnnest.me, we are dedicated to offering meticulously selected investment opportunities. Our broader vision is to emerge as a leading market maker in the real estate debt capital markets.”
Since its launch in 2018, Certus Capital has scrutinized over ₹40,000 crore of real estate credit exposure, encompassing non-banking financial companies (NBFCs) and housing finance firms. Moreover, the company has provided advisory services to foreign institutional investors on nearly ₹10,000 crore worth of closed investments and platform commitments in real estate credit and warehousing.
Certus Capital’s ₹125 crore investment in Casagrand’s new residential project in Chennai underscores its strategic focus on enhancing its real estate credit portfolio, particularly through secured bonds. This initiative reflects the firm’s commitment to fostering alternative capital avenues and strengthening the real estate debt market in India.