ArisUnitern raises Rs 250 crore from Jiraaf to fund RE projects over the next 12 months

By siliconindia  |  Tuesday, 25 April 2023, 02:14:06 PM IST

ArisUnitern raises Rs 250 crore from Jiraaf to fund RE projects over the next 12 months
ArisUnitern, a real estate service provider, has raised Rs 250 crore from Jiraaf, an alternative investment fund house, to fuel its expansion plans. As a part of the alliance, Jiraaf will provide a Line of credit to identify and invest in projects like plotted development, farm plots, villas, villaments, residential projects and last mile funding for stuck projectsArisUnitern will carry on the development.
“This association with Jiraaf offers us the impetus to provide capital and participate in the development not merely as service providers. Developers, financial institutions and landowners will now look at us not only as a solution provider but as solution implementers. This partnership, along with our AIF (under formation) of 350 Crores provides us enough gunpowder to undertake RE projects,” said Navin Dhanuka, CEO & MD of ArisUnitern.
The association will assist ArisUnitern provide funding solutions to development management projects and expand this portfolio. Currently, ArisUnitern is concentrating on development management projects and plans to add five projects worth Rs 500 crore under its portfolio. It now has four such projects under execution across key markets in Southern India.
“We aim to simplify real estate by partnering with promoters of real estate companies and providing them with all the valuable resources, namely money, material and management, under one roof.”, said Srini Gopalan, Chairman of ArisUnitern.
ArisUnitern tech-enabled digital platform helps investors to explore opportunities across asset classes, risk profiles, yields, and tenors. The firm provides capital, material and a pool of talented professionals in all areas, to undertake and complete real estate projects on or before time.
Vineet Agrawal co-founder Jiraaf said, “ArisUnitern has an outstanding professional team with expertise in development management and a record of executing large projects. Our broad range of investors are looking for RE opportunities developed by professional teams, and hence this tie-up satiates the need of our investors”.
“This partnership will provide a lot of transparency and governance in project implementation and gives significant comfort to Investors. We are already evaluating investment opportunities of around 100 Cr to be stationed in the next quarter under this association,” said Saurav Ghosh, co-founder of Jiraaf. The Bengaluru startup Jiraaf offers high-yield alternative fixed-income investment products, with yields ranging between 8-20%.
ArisUnitern will now offer a comprehensive range of services, including finance solutions through collaboration with Jiraaf, tech-based material procurement solutions, ArisInfra, contracting solutions through its strategic tie-up with BCD, day-to-day operations management, including cash flows management and marketing solutions with its recent acquisition of Kaleido Realty.

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