Key Takeaways
- • Certus Capital has committed Rs 225 crore ($23.8 million) in secured debentures to Jasani Realty Private Limited, part of the Jasani Group, for a luxury residential project off Carter Road in Khar West, Mumbai.
- • The debentures are repayable by December 2030 and will fund project execution for sea-facing residences to be managed by a five-star hospitality brand.
- • The deal is Certus Capital's first investment in the branded residences segment, according to the primary source.
- • Certus Capital, founded in 2018, says it has committed about Rs 2,800 crore in secured debt across 24 transactions, completed 11 exits, and delivered a net IRR of around 15% to investors.
- • Managing Director Sahil Shah frames the investment as an example of private credit bridging funding gaps across the real estate development lifecycle.
Summary
Certus Capital has committed Rs 225 crore ($23.8 million) to Jasani Realty Private Limited, a unit of the Jasani Group, to finance a luxury residential development off Carter Road in Khar West, Mumbai, according to the primary source. The project will consist of sea-facing residences managed by a five-star hospitality brand. The investment is structured as secured debentures, repayable by December 2030, and will be used to fund project execution.
The transaction marks Certus Capital's first investment in the branded residences segment. The Jasani Group, promoted by Uday Jasani, has been active in Mumbai's western suburbs for more than 20 years.
Sahil Shah, Managing Director of Certus Capital, said in a media statement that the investment in an under-construction, sea-facing development proposed as branded residences highlights the role of private credit in bridging funding gaps across the real estate development lifecycle. He added that the firm focuses on structuring the right capital solution for each opportunity, with an emphasis on capital protection, disciplined monitoring and investor alignment.
Founded in 2018, Certus Capital is a homegrown asset management firm focused on structured real estate investments. The firm says it has committed about Rs 2,800 crore in secured debt across 24 transactions and completed 11 exits, delivering a net IRR of around 15% to investors. It also says it has advised on transactions worth about Rs 8,750 crore for global institutions including Oaktree, Cerberus and Bain Capital. These figures are company-reported and have not been independently verified.
The transaction marks Certus Capital's first investment in the branded residences segment. The Jasani Group, promoted by Uday Jasani, has been active in Mumbai's western suburbs for more than 20 years.
Sahil Shah, Managing Director of Certus Capital, said in a media statement that the investment in an under-construction, sea-facing development proposed as branded residences highlights the role of private credit in bridging funding gaps across the real estate development lifecycle. He added that the firm focuses on structuring the right capital solution for each opportunity, with an emphasis on capital protection, disciplined monitoring and investor alignment.
Founded in 2018, Certus Capital is a homegrown asset management firm focused on structured real estate investments. The firm says it has committed about Rs 2,800 crore in secured debt across 24 transactions and completed 11 exits, delivering a net IRR of around 15% to investors. It also says it has advised on transactions worth about Rs 8,750 crore for global institutions including Oaktree, Cerberus and Bain Capital. These figures are company-reported and have not been independently verified.
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