Arnya, Supreme Universal Launch Rs. 1,000 Cr Redevelopment Fund

Arnya Real Estate Fund Advisors, a SEBI-registered Category II Alternative Investment Fund (AIF) specializing in real estate, has partnered with Supreme Universal, a Mumbai-based developer with 40+ years of experience and 80+ completed projects, to launch the Arnya Real Estate Fund – Equity.

This Rs. 1,000 crore residential redevelopment equity fund focuses exclusively on Mumbai and Pune, two of India’s most resilient housing markets.

The fund has a base corpus of Rs. 500 crore, with a green-shoe option for an additional Rs. 500 crore, enabling scalability based on investor demand.

Key Highlights

• Launch of Rs. 1,000 crore residential redevelopment fund for Mumbai & Pune
• Partnership between Arnya Real Estate Fund Advisors and Supreme Universal
• Focus on high-demand, scalable urban renewal projects with investor upside

The initiative aims to capitalize on India’s booming urban redevelopment sector, which is emerging as the fastest-growing and most scalable real estate segment.

Redevelopment projects provide a unique opportunity to meet the high demand for urban housing while modernizing aging infrastructure. Arnya’s expertise in fund management combined with Supreme Universal’s execution capabilities will ensure a structured, performance-driven investment approach, promising superior risk-adjusted returns.

This equity fund marks Arnya’s second product, following its successful debt fund that garnered strong investor interest. The new fund gives investors direct exposure to high-growth, income-generating redevelopment projects, contributing to urban renewal, enhanced living conditions, and community transformation.

Sharad Mittal, Founder of Arnya Real Estate Fund, emphasized the strategic rationale behind the partnership, “Our objective at Arnya is to build a real estate-focused investment platform that provides investors with access to unique opportunities through private equity. We believe Mumbai’s redevelopment segment represents the most scalable and resilient business model within Indian real estate, and through this fund we are creating a disciplined and structured way to participate in it. With its proven track record over four decades, Supreme Universal brings the right expertise to help us achieve this vision.”

Sunny Bijlani, Joint Managing Director of Supreme Universal, highlighted the social and economic impact of redevelopment projects. “For over four decades, having delivered 80 projects, Supreme has been shaping Mumbai’s skyline with trust and excellence. Redevelopment is not just about creating new homes, but about uplifting entire communities. This partnership represents the future of real estate investing – professional, transparent, and performance-driven. With Arnya, we are excited to offer investors a chance to be part of this journey while creating meaningful value for residents and the city alike.”

Vishal Jumani, Joint Managing Director of Supreme Universal, added that the fund reflects the evolving needs of real estate investment. “As the real estate market evolves, there is a need to have the right kind of capital coming into real estate projects. We are delighted to have this partnership with Arnya – it mirrors our own philosophy of quality, transparency, and accountability. Together, we are building a model where capital, expertise, and execution converge to deliver both premium projects for buyers and superior outcomes for investors.”

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The launch underscores a larger trend of institutional capital flowing into India’s real estate sector, especially in redevelopment. It sets a benchmark for private equity participation in structured residential redevelopment, aligning investor returns with city modernization efforts.