Arnya Real Estates Fund Advisors, in partnership with leading developer Supreme Universal, has announced the successful first close of its Arnya Real Estate Fund – Equity, securing commitments of ₹1,030 crore from domestic and offshore investors within three months of launch — marking one of the fastest fundraises in its category. 

Launched in November 2025 with a target corpus of INR 1,250 crore the Fund combines Arnya’s institutional real estate investment management expertise with Supreme Universal’s established four-decade execution track record across Mumbai and Pune. It is focused on residential redevelopment opportunities in Mumbai — a segment widely regarded as one of the most resilient and structurally attractive areas within Indian real estate. By targeting well-structured redevelopment projects with strong end-user demand and disciplined capital structuring, the Fund aims to deliver superior risk-adjusted returns while maintaining a governance-led investment framework.

Sharad Mittal, Founder & CEO, Arnya Real Estates Fund Advisors, said: “We are deeply grateful to our investors and partners for the trust they have placed in us. Achieving a strong first close within a short period of launch reflects conviction in our investment philosophy, disciplined underwriting approach, and execution capabilities. This equity fund marks our second strategy, following the successful launch and strong investor response to our real estate debt fund. At Arnya, our objective is to build a focused, institutional Real Estate Asset Management Platform led by experienced real estate investment professionals, ensuring strong alignment of interests and disciplined capital allocation. He further added, ‘’We believe that Mumbai’s residential redevelopment segment represents one of the most scalable and structurally resilient business models within Indian real estate. Through this fund, we are providing investors with a structured and transparent vehicle to participate in this opportunity alongside a proven execution partner in Supreme Universal.”

Sunny Bijlani, Joint Managing Director, Supreme Universal, added:“As the real estate sector evolves, the quality and structure of capital have become as important as execution capability. Institutional partnerships such as this bring discipline, transparency, and long-term alignment into redevelopment projects. Our partnership with Arnya reflects a shared commitment to governance, accountability, and value creation. Together, we are building a model where institutional capital and on-ground execution expertise converge to deliver premium projects for homeowners and consistent outcomes for investors.”

Vishal Jumani, Joint Managing Director, Supreme Universal, said: “Supreme Universal has built its reputation over four decades on trust, timely delivery, and quality execution. Redevelopment is not merely about constructing buildings — it is about transforming communities and enhancing urban infrastructure. With Arnya as our investment partner, we are further strengthening our ability to undertake large-scale, well-capitalized redevelopment projects, unlocking meaningful value in Mumbai’s evolving residential ecosystem.”

Ramandeep Sassi, Chief Business Officer, Arnya Real Estates Fund Advisors, commented: “We are immensely grateful for the strong support and confidence shown by our investors and partners. Achieving a significant first close within three months reflects conviction in our team, our investment thesis, and our institutional execution framework. “Our focus remains on offering curated, high-relevance real estate investment product through a regulated and transparent structure. Over the coming quarters, we intend to introduce additional differentiated products, enabling investors to participate meaningfully across various real estate opportunities.”

The Fund has witnessed strong participation from a broad base of investors including family offices and UHNIs who have deep conviction in India’s urban growth trajectory and the long-term value creation potential of redevelopment-led opportunities.