Certus Capital to invest ₹2000 cr in housing, mixed-use projects in FY27
Subscribe to enjoy similar stories.Bengaluru: Real estate investment firm Certus Capital plans to invest around ₹2000 crore in residential, office and mixed-use development projects in 2026-27, said a top executive.The Mumbai-headquartered firm will deploy the capital through a combination of proprietary balance sheet and its recently launched alternative investment fund (AIF).Certus Capital is currently raising its second Category-2 AIF—Certus TFCI Real Estate Fund—of ₹500 crore plus a green-shoe option of ₹500 crore. Tourism Finance Corp.
of India (TFCI) is an anchor investor in the fund, and has committed 10% of the fund size.Founded in 2018 by Ashish Khandelia, former director and co-head of real estate business in India at global asset management firm KKR, Certus Capital focuses on a structured, flexible and execution-led approach to real estate financing that can tap a wide investor base.“The investments will be done mostly in the form of structured credit. By virtue of having both AIF and deal-level investing capability, it gives us a lot more flexibility in terms of risk-reward.
We can do financing for land acquisition, working capital, all the way to last-mile funding,” Khandelia told Mint in an interview.The push comes amid a surge in capital flows into Indian real estate, with investments hitting a record $14.3 billion in 2025, up 25% year-on-year, according to property advisory CBRE India in January. Land and project development sites dominated the real estate investment landscape last year.“The depth of domestic capital, complemented by steady foreign participation, positions India well for continued momentum in 2026,” said Anshman Magazine, chairman and chief executive officer (CEO) for India, South-East
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