Certus Capital invested Rs 150 crore in two mid-market real estate developments in the Mumbai Metropolitan Region. These projects have a combined income potential of more than Rs 750 crore and are being developed by seasoned real estate developers JSB Group and Dynamix Group. These investments were made for Earnest.me, Certus Capital’s digital, secured debt platform, is consistent with the firm’s target of investing around Rs 1,000 crore in secured credit in the real estate industry by FY 25.
JSB Group operates in Mumbai’s extended western suburbs and has a substantial presence there. The group has good banking relationships with prominent NBFCs that operate in the construction finance sector.
In recent years, Dynamix Group has successfully redefined its brand while maintaining great operational performance. Between CY19 and CY23, the group supplied over 2.1 million square feet and currently has six ongoing projects totalling over 3.5 million square feet. Dynamix has also recently obtained money from real estate funds run by two major financial organisations.
Certus Capital has closed nine agreements for Earnnest.me in less than three years, with two fully exiting at 15%+ net returns to investors before the scheduled maturity date. The company has financed projects in cities such as Mumbai, Pune, and Chennai, and is currently exploring real estate investment prospects in Bengaluru and Hyderabad.
The platform has 77% repeat investment interest. Recently, the platform launched its institutional participation channel, with a significant institutional investor (AUM greater than Rs 1 lakh crore) investing Rs 50 crore in one of its deals.
Since its founding in 2018, Certus Capital has grown to a staff of 25 seasoned individuals with considerable real estate industry experience. The group entities hold NBFC and AIF licenses.
Source: Construction Week
