SERVICES · REAL ESTATE
Real estate capital and transaction advisory
We help developers, landowners and investors raise project finance, structure joint ventures, and buy or sell commercial and residential assets, in Mumbai, across India and overseas. Our partners have underwritten real estate on the investor side, at a SEBI Category II AIF platform.
WHAT WE DO
Capital and transactions across the property cycle
Construction and project finance
Senior debt, structured credit and mezzanine for ongoing residential and commercial projects.
Structured equity
Project-level equity and preferred structures from AIFs, family offices and HNIs.
Joint ventures and land
JV structuring, landowner agreements and partner search for new developments.
Sell-side advisory
Positioning, information memorandum, buyer and broker outreach, and process management for asset sales.
Buy-side and investment
Sourcing, underwriting and due diligence for investors and family offices.
Cross-border mandates
Indian and international assets, including commercial property in Europe.
WHO WE WORK WITH
Developers, landowners and investors
We focus on well-located projects with clear approvals and realistic sales assumptions, because that is what lenders and investors fund.
Developers
Funding ongoing projects, refinancing, or bringing in an equity partner.
Landowners
Unlocking value through joint development or an outright sale.
Investors and family offices
Looking for well-structured real estate exposure with downside protection.
HOW WE WORK
How a mandate runs, from first meeting to close
01
Diagnose
Objectives, capital need and a readiness review
02
Prepare
Model, valuation, IM, deck and data room
03
Target
Investor or buyer mapping and an outreach plan
04
Execute
Meetings, diligence and term negotiation
05
Close and report
Documentation, closing and ongoing reporting
RELEVANT EXPERIENCE
Mandates and transactions we have worked on
REAL ESTATE · 2021
USD 10M structured debt
Debt raise across three ongoing residential projects for a Karnataka developer.
2026 · ONGOING · SELL-SIDE
Prime commercial floor, Lisbon
Sell-side mandate for a full-floor commercial asset in central Lisbon.
INVESTOR SIDE
Category II AIF underwriting
Real estate underwriting experience at a SEBI Category II AIF platform.
Clients are anonymised. Figures from prior roles are platform-level outcomes in which a VRM partner played a role.
QUESTIONS CLIENTS ASK
Frequently asked questions
What do lenders look for in a construction finance deal?
Clear title and approvals, a credible sales plan, sales already achieved, the developer’s track record and enough cash flow cover. RERA escrow rules also shape how money moves.
How do real estate AIFs structure their investments?
Mostly as secured debentures, with mezzanine or equity for higher-risk projects. Our article on how real estate AIFs generate returns explains each structure.
Do you work on assets outside India?
Yes. We currently advise on a sell-side mandate in Lisbon and work with Indian family offices investing overseas.
What is your view on the Mumbai market?
Our Mumbai real estate outlook covers volumes, prices, offices and the rate cycle, with data as of October 2026.
Funding a project or selling an asset?
Share the basics of the project or asset. A partner will come back with a view on structure and next steps.