MUMBAI: FractoProp has taken a step deeper into structured real estate investing, securing approval from the Securities and Exchange Board of India for its Ridhama Real Estate Fund.
Registered as a category ii alternative investment fund, Ridhama Real Estate Fund aims to raise Rs 50 crore, with a greenshoe option that could take the total corpus up to Rs 125 crore.
The fund will focus on structured credit and equity investments across mid-income and premium residential and commercial projects in high-growth pockets of the Mumbai Metropolitan Region. Ticket sizes are expected to range between Rs 10 crore and Rs 12 crore per project, targeting developments with strong fundamentals and credible developer backing.
Fund sponsor Dhaval Thakkar said, “We are seeing rising demand for structured capital in real estate, especially in fast-growing urban micro-markets. This registration allows us to take a more disciplined approach to investing while partnering with reliable developers.”
Backed by R.D. Brothers Group, which brings over two decades of experience in land acquisition, development and asset monetisation, the fund is designed to balance growth with caution through robust collateral and security structures.
As real estate financing becomes more nuanced, funds like Ridhama are stepping in to bridge the gap, offering developers access to capital while giving investors a more structured route into property markets.
