Certus Capital invests Rs 80 crore in Aakasa - a premium residential project in Mumbai
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Certus Capital has invested Rs 80 crore in Aakasa - a premium residential project in Mumbai. This premium project is being developed by Techno Group, Fortune Realty and Gala in Mumbai’s upmarket Worli.
With this transaction, Certus has invested more than INR 100 crores in this sub-market alone, over the last 6 months. Also, More than 300 investors, with 50% repeat rate, have invested in such secured credit opportunities through Earnnest.me and the company targets over Rs. 500 crore realty investment deals in one year.
Commenting on the investment, Certus Capital and Earnnest.me’s Founder – Ashish Khandelia, said, “Real estate credit is our highest conviction theme at the moment driven by the robust rebound in residential sector and lack of capital availability. In general, there is a desperate need to deepen our bond markets given today, 98% of bond market participation is only in AAA and AA bonds. As we march towards a US$ 5 trillion economy, it will be imperative to democratise credit access across the spectrum. Earnnest.me is an endeavour in this direction.”
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