Jiraaf provides a line of Rs. 250 Cr to ArisUnitern to fund RE projects over the next 12 months

Bengaluru, April 25, 2023: ArisUnitern, one of the renowned real estate service providers with an end-to-end RE services portfolio, has joined forces with Jiraaf, an alternative investment fund house that offers investors access to wide array of curated products and solutions. Their tech-enabled and easy-to-use convenient digital platform helps investors to explore a lot of opportunities across a great mix of asset classes, risk profiles, yields, and tenors. As a part of the alliance Jiraaf will provide a Line of credit of INR 250 Cr to identify & give wings to quality real estate projects like plotted development, farm plots, villas, villaments, residential projects and last mile funding for stuck projects wherein the development will be carried on by ArisUnitern.  With this association, ArisUnitern will be able to provide funding solution on projects that they generally take over as development managers, thereby adding more “Skin in the game”, apart from being just service providers. Currently ArisUnitern is focusing on development management projects and plans to add 5 projects worth Rs 500 crore under its portfolio. It currently has four DM(Directly managed) projects under execution across key markets in Southern India.

Speaking on this development, Navin Dhanuka, CEO & MD of ArisUnitern, commented, “We will be the first and only professional service providers in the entire of South of India to provide end to end development solutions in the RE arena, including providing capital, material and pool of talented professionals in all areas; to undertake and complete RE projects on or before time. This association with Jiraaf gives us the impetus to provide capital and participate in the development not merely as service providers. Developers, financial institutions and land owners will now look at us not only as a solution provider, but as solution implementors . This partnership along with our AIF (under formation) of Rs. 350 Crores gives us enough gun powder to undertake RE projects. “

When asked about the alliance, Saurav Ghosh, and Vineet Agrawal co-founders of Jiraaf, expressed enthusiasm for the partnership, saying that “ArisUnitern has a great professional team with expertise in development management and past record of executing large projects. Our large set 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 bring in a lot of transparency and governance in project implementation and gives significant comfort to Investors. We are already evaluating investment opportunities of around Rs. 100 Cr to be deployed in the next quarter under this association.”

With this relationship, ArisUnitern will offer a comprehensive range of services to its clients, 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. As a result, ArisUnitern will become a one-stop-shop for clients seeking end-to-end support for their real estate projects. “ Our aim is to simplify real Estate”, said Srini Gopalan, Chairman of ArisUnitern.

Corporate Comm India (CCI Newswire)