India's real estate market is entering a phase of sustained growth, projected to touch USD 1 trillion by 2030, driven by urbanization, improving affordability, and sustained infrastructure investment.
As the market evolves, structured credit has emerged as a resilient and scalable way to participate. Our Category II Real Estate AIF offers secured, yield-oriented exposure to select projects and established developers, supported by institutional underwriting standards, robust risk governance, and a focus on capital protection across market cycles.
Alternative Investment Funds (AIFs) are pooled vehicles that collect funds from sophisticated investors to invest as per a defined strategy. Category II AIFs, such as real estate credit funds, invest in secured debt or equity without leverage (beyond operational needs). They offer access to institutional-grade opportunities under SEBI's regulated framework.
Open to institutions, HNIs, family offices, and NRIs/NROs — both individual and non-individual entities.
Investment in a single entity shall not exceed 25% of investible corpus, ensuring prudent diversification across projects and developers.
The fund follows a pass-through taxation model. The tax liability on the income generated from the investments is borne by the investor as per their individual profile. This is especially efficient for institutional and family office investors.
Yes, investments by NRIs are permitted under the Automatic Route as per FEMA Non-Debt Instrument Rules (2019):
Additionally, declaration confirming NRI status and investment basis is recommended.
We structure investments through senior secured debt instruments which follow conservative underwriting with 1.5x-2.0x security cover , supported by ring-fenced, escrow-controlled cash flows and fee structure aligned with investor interests.
A disciplined, credit-first approach, proven track record with zero delinquencies and institutional governance — offering investors secure participation in India's long-term real estate growth story.
For any queries, please e-mail us at:
care.realestate@adityabirlacapital.com
Phone no: 022-43568254
Office Address:
One India Bulls Centre, Tower 1, 17th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013