LICHFL Asset Management Company Limited has completed a ₹50 crore structured real estate credit investment through LICHFL Real Estate Debt Opportunities Fund – I in a residential development at Kharghar, Navi Mumbai.
The project is currently at a pre-approval, pre-RERA and land acquisition stage. The transaction is structured as a secured NCD investment with defined downside protection and a target IRR of ~20%. The funding will support land acquisition, project approvals and initial development requirements.
This transaction reflects our continued emphasis on geographical diversification, deep understanding of residential micro-markets, and prudent underwriting with strong risk management frameworks. We continue to actively deploy capital across residential real estate credit opportunities.