SILA, a home-grown business services and real estate development platform founded by brothers Rushabh and Sahil Vora, has announced a ₹300 crore investment from Norwest in SILA Properties, its real estate development business, at a valuation of ₹1,000 crore.

With this new investment and internal accruals, SILA plans to invest ₹500 crore in land and new project acquisition over the next two years, across luxury residential projects in South Mumbai and Alibaug, and commercial projects in central and upcoming secondary business districts across Mumbai. The strengthened capital base also positions SILA to attract additional institutional capital through asset-level partnerships and dedicated investment platforms.

Since entering real estate development in 2019, SILA has grown to over 1.5 million sq. ft. under development, with a gross development value of over ₹3,000 crore. SILA Properties draws on over a decade of experience and operator intelligence from its Business Services arm, SILA Services, which manages more than 450 million sq. ft. and has advised on over ₹25,000 crore of real estate transactions.

Sahil Vora, Founder, SILA, said, “We are excited to partner with Norwest again. Their last investment was an inflection point in the journey of our Services business; we hope this one will be the same for our Real Estate Development business. Our plan is to stay within the guardrails we have set for ourselves, be prudent in how we deploy capital, and scale this business steadily over the next few decades.”

Shiv Chaudhary, Managing Director, Norwest, said, “Our investment in SILA represents a natural next step in our partnership as they enter a new phase of growth. No one is better positioned for the long-term opportunity that the Mumbai Metropolitan Region has to offer as one of India’s most compelling real estate markets.”