WSB Real Estate to invest Rs.500 crore in FY26, Igniting new Investments

The fund manager WSB Real Estate Partners has invested more than Rs. 300 crore in three real estate developers through its recently introduced "Mumbai Opportunities Strategy."

“The fund manager does early-stage pre-approval deals, which banks and non-banking financial companies are barred from doing, but alternative investment funds are allowed. The funds have been raised from multiple investors”, said Vimal Jangla, Managing Partner, WSB.

In Mumbai, WSB owns shares in Bagasrawala Corporation, Vijay Khetan Group, and Notandas Realty. The internal rate of return (IRR) for structured equity is more than 25%.

WSB is now searching for investors for the upcoming funding round and intends to invest Rs. 500 crore in FY26.

The returns are back-ended, meaning they are given to the investment management after a project is built.

According to Jangla, the tax breaks in the budget are anticipated to benefit mid-market housing developments in places like Bengaluru, where the average price of a home is Rs. 1 crore, and Mumbai, where it is Rs. 2.2 crore.

"Any revenue surplus will increase net savings and make things more affordable," he stated.

“Post-Covid, Mumbai real estate is on a sustainable upward trajectory. Infrastructure is going to provide impetus to quality housing. We see good opportunities in pre-approval stage funding to projects,” Jangla said.

Virendra Gala, Board member and Sponsor, WSB India says, “Mumbai’s robust economy, characterised by a growing GDP, continues to attract businesses and individuals, fuelling real estate demand. Mumbai continues to be a hub of opportunity, with strong economic growth fueling the real estate sector.”