Arnya RealEstates Fund Advisors
Arnya RealEstates Fund Advisors is a Mumbai-based SEBI-registered AIF manager running Category II Debt and Equity real estate funds (plus a GIFT City Category III vehicle), providing structured capital to mid-market Indian developers for family offices, UHNIs, and institutional investors.
- Company typePrivate
- Founded2023
- HeadquartersMumbai, India
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Arnya RealEstates Fund Advisors does
Arnya RealEstates Fund Advisors is a Mumbai-headquartered, SEBI-registered alternative investment fund manager focused exclusively on Indian real estate. The firm operates two Category II AIF vehicles — a Debt Fund and an Equity Fund — that provide structured credit, equity, and equity-linked capital to mid-market residential and mixed-use developers, alongside a GIFT City/IFSC Category III AIF structure (Arnya Real Estate Global Fund) targeting foreign capital. Its investment proposition is anchored by founder Sharad Mittal's multi-decade track record in Indian real estate private credit and equity (previously at Motilal Oswal Real Estate), and is distributed primarily to family offices, ultra-high-net-worth individuals, and institutional investors via a five-city footprint covering Mumbai, Bengaluru, Hyderabad, Pune, and NCR.
The firm monetizes through conventional AIF economics: recurring management fees on committed/deployed corpus (typically 1.0–1.5% in India Category II AIFs) plus performance-linked incentive fees or carried interest on realizations. Distribution is relationship-led and high-ticket, with the Equity Fund carrying a Rs 25 crore minimum subscription and optional co-invest capacity for qualifying LPs. Go-to-market is differentiated by exclusive or anchor partnerships with select large developers — most notably Supreme Universal on the Equity Fund and prior relationships with MAIA Estates and Casagrand on the credit side — creating a captive deal pipeline in exchange for concentrated counterparty exposure.
The business is operationally light (1–10 employees) and technology-light (no proprietary platform or AI/ML infrastructure disclosed); competitive advantage is built on underwriting track record, regulatory licensing (multiple SEBI AIF registrations across onshore and IFSC jurisdictions), and developer network depth rather than on technology differentiation. The core strategic question for investors is whether a concentrated, relationship-driven model can scale beyond its current anchor counterparties into a multi-strategy, multi-developer franchise while maintaining underwriting discipline across cycles.
Arnya RealEstates Fund Advisors firmographics
Firmographics- Name
- Arnya RealEstates Fund Advisors
- Legal name
- Arnya RealEstates Fund Advisors Pvt Ltd
- Website
- https://arnya.in
- Company type
- Private
- Founded year
- 2023
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Arnya RealEstates Fund Advisors is a Mumbai-based SEBI-registered AIF manager running Category II Debt and Equity real estate funds (plus a GIFT City Category III vehicle), providing structured capital to mid-market Indian developers for family offices, UHNIs, and institutional investors.
- Ownership category
- akta.pro rank
Arnya RealEstates Fund Advisors industry classification
Industry- Product category
- Alternative Investment / Real Estate Fund Management
- NAICS
- Portfolio Management and Investment Advice (523940), Other Investment Pools and Funds (5259), Portfolio Management and Investment Advice (52394)
- SIC
- Investment Advice (6282)
- akta.pro industry
- Real Estate Portfolio & Fund Management (Institutional/REIT/PE)Business & Public Services/Real Estate Services (Brokerage, Property Management)/Real Estate Asset & Portfolio ManagementReal Estate Investment Advisory (Acquisitions/Dispositions, Capital Allocation)Business & Public Services/Real Estate Services (Brokerage, Property Management)/Real Estate Advisory & Consulting (Investment, Strategy)Real Estate Capital Markets Advisory (Debt/Equity Placement, Refinancing)Business & Public Services/Real Estate Services (Brokerage, Property Management)/Real Estate Advisory & Consulting (Investment, Strategy)Real Estate Credit / Debt FundsFinancial & Insurance/Private Equity & Venture Capital/Real Assets Funds (Infrastructure, Real Estate, Energy)
Keywords
Where Arnya RealEstates Fund Advisors is headquartered
LocationHeadquarters
- HQ city
- Mumbai
- HQ country
- India
- HQ region
- Asia
Offices5 records
Markets served
Arnya RealEstates Fund Advisors business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Infrastructure, Technology or R&D, Others
Revenue model
- Fund Management Fees: Arnya earns management fees on its two AIF funds — the Debt Fund (Category II AIF targeting Rs 1,000 crore corpus) and the Equity Fund (Category II AIF with Supreme Universal targeting Rs 1,250 crore). Management fees are charged on the committed or deployed capital base. As an independent investment manager, Arnya's revenue is derived from these fund management structures.
- Performance Fees / Carried Interest: The equity fund structure includes a 12% IRR hurdle rate before any additional returns accrue to the developer, with investors receiving priority distributions. This performance-linked structure generates carried interest for Arnya as the fund manager upon achieving specified return thresholds. Target gross IRR for the equity fund is ~25–30% with target MOIC of ~2.6x.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Arnya Real Estate Fund – Equity: Minimum commitment of Rs 2.5 crore with target returns of ~25–30% IRR and ~2.6x MOIC over ~7 years. |
| Other | Multi-year contract | Arnya Real Estate Fund – Debt: Targets Rs 1,000 crore corpus focused on mid-income and affordable residential projects in top 8 Indian cities. |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels4 records
Arnya RealEstates Fund Advisors product offering
Product offeringCore offering
Arnya RealEstates Fund Advisors is an independent SEBI-registered Category II Alternative Investment Fund (AIF) manager that raises and deploys capital from institutional investors, family offices, and UHNIs into Indian residential real estate through two flagship products: the Arnya Real Estate Fund – Debt (growth capital debt financing for mid-income and affordable residential projects in India's top 8 cities) and the Arnya Real Estate Fund – Equity (jointly with Supreme Universal, equity participation in Mumbai/Pune residential redevelopment). The firm also operates the Arnya Real Estate Gift Fund (AREGF), a Category III AIF based in GIFT City that feeds into the Debt fund, and earns revenue through management fees and performance-linked carried interest above a 12% IRR hurdle.
Product overview
Arnya RealEstates Fund Advisors operates as a real estate investment management firm offering two distinct fund products: Arnya Real Estate Fund – Debt (maiden fund) and Arnya Real Estate Fund – Equity (second fund). The Debt Fund targets mid-income and affordable residential development across top 8 Indian cities, while the Equity Fund focuses on residential redevelopment projects in Mumbai and Pune. Additionally, Arnya Real Estate Gift Fund (AREGF) is a Category III AIF based in GIFT City that complements the Debt Fund through additional capital deployment.
Differentiator
Problem solved
Functional benefit
Brands
- Arnya Real Estate Fund – Debt: Category II AIF focused on debt investments in mid-segment and affordable residential projects across India's top 8 cities.
- Arnya Real Estate Fund – Equity
- Arnya Real Estate Gift Fund (AREGF)
Products and services
- Arnya Real Estate Fund – Debt SEBI-registered Category II Alternative Investment Fund (Arnya's maiden fund) that provides growth capital debt financing to credible residential developers in top 8 Indian cities for mid-income and affordable residential projects. Targets high-yield, fixed-tenure deals with strong security structures.
- Arnya Real Estate Fund – Equity SEBI-registered Category II AIF (Arnya's second fund, jointly with Supreme Universal) focused on equity participation in residential redevelopment projects in Mumbai and select greenfield opportunities in Pune. Target Gross IRR ~25–30% and MOIC ~2.6x over ~7 years, with a 12% IRR hurdle before developer upside.
- Arnya Real Estate Gift Fund (AREGF) IFSC (International Financial Services Centres) registered Category III AIF approved by IFSCA, primarily established to make investments in the Arnya Real Estate Fund – Debt, enabling international investor participation in the underlying Indian residential debt strategy.
Quantifiable outcome
- Target Gross IRR of ~25–30% and Target MOIC of ~2.6x for the equity fund
- +3 more outcomes
Companies that use Arnya RealEstates Fund Advisors
Customer profileSegments3 records
Ideal customer profiles2 records
Arnya RealEstates Fund Advisors technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Arnya RealEstates Fund Advisors partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Supreme UniversalcoreArnya RealEstates Fund Advisors and Supreme Universal established a joint platform — Arnya Real Estate Fund – Equity — combining Arnya's investment management expertise with Supreme Universal's development experience in Mumbai and Pune. Supreme Universal is the exclusive development partner with 40+ years of experience, 80+ projects delivered, 50+ lakh sq ft developed, zero outstanding debt, 100% on-time delivery, and zero RERA complaints. The fund targets residential redevelopment projects in Mumbai and select greenfield opportunities in Pune.
Scale indicators11 records
Recent moves7 records
Expansion highlights6 records
Arnya RealEstates Fund Advisors competitors and assessment
Company assessmentDirect peers
- Motilal Oswal Real Estate (MO Alternates): Where founder Sharad Mittal previously built real estate AUM to ~Rs 7,150 crore. Operates RE-focused AIFs across debt and equity strategies targeting similar Indian residential opportunities, making it the most directly comparable peer.
- Piramal Fund Management: Large Indian alternative asset manager with a real estate-focused debt and equity franchise; Director-Investments Kiran Kumar previously led RE finance at Piramal. Comparable in deploying structured real estate capital to Indian developers.
- HDFC Capital Advisors: One of India's largest domestic residential RE-focused fund managers (backed by HDFC group). Directly comparable in deploying equity and debt into mid-income/affordable residential developers across India, with a longer track record and institutional balance-sheet support.
- Ionic Asset Management (Angel One Group): Indian real estate credit-focused AIF manager; Arnya's General Management Piyush Thakkar was a founding member and VP-Investments Siddhartha Vijaykumar previously worked there. Operates comparable debt-led RE fund structures targeting residential developers.
- ASK Property Investment Advisors: Mumbai-headquartered real estate-focused AIF manager deploying capital into Indian residential developers. Comparable strategy of raising from domestic family offices and UHNIs for residential RE opportunities.
- Welspun One Logistics Fund: Indian AIF manager that several Arnya senior team members (CBO, Director-Investments, Heads of Fund Raising) came from. Operates a Category II AIF deploying institutional capital into asset-backed real estate projects with comparable governance and investor structures.
- Kotak Mahindra Investments / Kotak Realty Fund: Long-standing Indian RE debt and equity franchise within Kotak Group; multiple Arnya team members (CFO, VP-Investments, GM Piyush Thakkar) came from Kotak. Directly comparable in real estate credit underwriting and fund structures.
Broad incumbents
- CapitaLand India: Asia-headquartered institutional real estate investor with an India-focused trust (CapitaLand India Trust) that has co-invested alongside Arnya. Competes for institutional capital allocations to Indian real estate and represents a potential LP/strategic-partner overlap.
- Brookfield India Real Estate: Global incumbent with India RE operations (Director-Investments previously at Brookfield Financial). Operates at much larger scale across multiple asset classes but competes for institutional and family-office capital seeking India RE exposure.
Emerging players
- Dalmia Nisus Finance Investment Managers: India-focused real estate debt fund manager where Arnya advisory board member Pranay Vakil also serves. Comparable in targeting residential developer credit opportunities with institutional and family-office capital.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Arnya RealEstates Fund Advisors social profiles
Digital presenceArnya RealEstates Fund Advisors financial estimates
Financial estimateRevenue estimate
Valuation estimate
Arnya RealEstates Fund Advisors leadership team
Management profileNumber of profiles
Profiles10 records
Arnya RealEstates Fund Advisors funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Arnya RealEstates Fund Advisors M&A and investment
M&A and investmentM&A
Investments3 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Arnya RealEstates Fund Advisors
What does Arnya RealEstates Fund Advisors do?
Arnya RealEstates Fund Advisors is an independent SEBI-registered Category II Alternative Investment Fund (AIF) manager that raises and deploys capital from institutional investors, family offices, and UHNIs into Indian residential real estate through two flagship products: the Arnya Real Estate Fund – Debt (growth capital debt financing for mid-income and affordable residential projects in India's top 8 cities) and the Arnya Real Estate Fund – Equity (jointly with Supreme Universal, equity participation in Mumbai/Pune residential redevelopment). The firm also operates the Arnya Real Estate Gift Fund (AREGF), a Category III AIF based in GIFT City that feeds into the Debt fund, and earns revenue through management fees and performance-linked carried interest above a 12% IRR hurdle.
Is Arnya RealEstates Fund Advisors a public or private company?
Arnya RealEstates Fund Advisors is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Arnya RealEstates Fund Advisors founded?
Arnya RealEstates Fund Advisors was founded in 2023. It employs 11 to 50 people.
Where is Arnya RealEstates Fund Advisors based?
Arnya RealEstates Fund Advisors is headquartered in Mumbai, India, in the Asia region.
How does Arnya RealEstates Fund Advisors make money?
Two revenue lines are on record. Fund Management Fees are the primary driver. The others are performance Fees / Carried Interest.
Who are Arnya RealEstates Fund Advisors's main competitors?
Direct peers on record are Motilal Oswal Real Estate (MO Alternates), Piramal Fund Management, HDFC Capital Advisors, Ionic Asset Management (Angel One Group), ASK Property Investment Advisors, Welspun One Logistics Fund and Kotak Mahindra Investments / Kotak Realty Fund. Broad incumbents are CapitaLand India and Brookfield India Real Estate. Dalmia Nisus Finance Investment Managers is listed as an emerging player.
Does Arnya RealEstates Fund Advisors have an API?
No public API is recorded for Arnya RealEstates Fund Advisors.
What industry is Arnya RealEstates Fund Advisors in?
Arnya RealEstates Fund Advisors's product category is Alternative Investment / Real Estate Fund Management. Its primary akta.pro industry code is BPAJAMAJ, Real Estate Portfolio & Fund Management (Institutional/REIT/PE), with a secondary code of BPAJANAA, Real Estate Investment Advisory (Acquisitions/Dispositions, Capital Allocation). Its NAICS code is 523940 and its SIC code is 6282.