Arnya Real Estate Fund III-Preferred Capital, a Category II alternative investment fund, has partnered with property developer Casagrand to create a ₹750 crore residential platform focused on South India. The platform will invest in mid-income to luxury residential projects across Chennai, Bengaluru, and Hyderabad. The fund has a six-year tenure and aims to back 8-10 projects in these cities, according to livemint.com.
The investment manager, Arnya RealEstates Fund Advisors Ltd, will oversee the platform’s operations, while Casagrand will contribute its development expertise. The fund will make investments at the project level, targeting residential developments that cater to a range of income segments. This collaboration was announced on September 7, 2026, marking a strategic move to capitalize on the growing residential real estate demand in South India, livemint.com reported.
This platform addresses the rising demand for housing in key South Indian metros, where mid-income and luxury segments have shown strong growth. The ₹750 crore fund size positions it as a significant player in the regional residential market. Comparable platforms have recently attracted attention for their focused regional strategies, reflecting a broader trend of specialized real estate investment vehicles in India’s expanding property sector, according to livemint.com.
The fund’s six-year horizon and planned investment in 8-10 projects set a clear timeline and scope for deployment. The partnership between Arnya and Casagrand is expected to mobilize substantial capital toward residential development in Chennai, Bengaluru, and Hyderabad, with the first projects likely to commence investment phases within the current fiscal year, livemint.com stated.