Arnya Real Estate Fund Advisors, in partnership with Mumbai-based developer Supreme Universal, has announced the launch of its INR 1,000 crore private equity fund – Arnya Real Estate Fund – Equity, a SEBI-registered CAT II AIF dedicated to the Mumbai and Pune markets.

With a target corpus of INR 500 crore and a green-shoe option of an additional INR 500 crore, the fund will focus on residential redevelopment projects, aiming to unlock value in one of India’s most resilient and high-growth real estate segments.

The fund provides investors with a unique opportunity to participate in the city’s booming residential real estate with focus on the redevelopment sector — one of the most resilient and high-growth segments of India’s real estate market. By targeting well-structured redevelopment projects, the fund aims to deliver superior risk-adjusted returns.

Sharad Mittal, Founder of Arnya Real Estate Fund, said: “Our objective at Arnya is to build a real estate-focused investment platform that provides investors with access to unique opportunities through private equity. We believe Mumbai’s redevelopment segment represents the most scalable and resilient business model within Indian real estate, and through this fund we are creating a disciplined and structured way to participate in it. With its proven track record over four decades, Supreme Universal brings the right expertise to help us achieve this vision”.

Sunny Bijlani, Joint Managing Director, Supreme Universal, remarked: “For over four decades having delivered 80 projects, Supreme has been shaping Mumbai’s skyline with trust and excellence. Redevelopment is not just about creating new homes, but about uplifting entire communities. This partnership represents the future of real estate investing – professional, transparent, and performance-driven. With Arnya, we are excited to offer investors a chance to be part of this journey while creating meaningful value for residents and the city alike.”

Vishal Jumani, Joint Managing Director, Supreme, added: “As the real estate evolves, there is a need to have the right kind of capital coming into real estate projects. We are delighted to have this partnership with Arnya – it mirrors our own philosophy of quality, transparency, and accountability. Together, we are building a model where capital, expertise, and execution converge to deliver both premium projects for buyers and superior outcomes for investors.”

This will be Arnya’s second product offering in addition to its existing “Debt fund” where they have got an excellent response.