WSB, BlackSoil tie-up to raise over Rs 500 crore
ECONOMY & POLICY

WSB, BlackSoil tie-up to raise over Rs 500 crore

WSB Real Estate Partners and BlackSoil Group have raised over Rs 500 crore through their residential property debt fund WSB Real Estate Debt Fund II. The fund will focus on investing, through structured debt, in residential real estate projects serving the mid-income and affordable housing segment across select tier I cities and look to partner with developers with robust execution and delivery track record.

The fund raise has witnessed active participation from including large family offices, corporates, offshore investors, and high net worth individuals (HNIs). The Rs 500-crore fund also has an additional green shoe option of Rs 250 crore, which is being raised now.

“WSBREDF II has crossed its target corpus of Rs 500 crore and now stepped into green-shoe with the help of most of our existing investors who have reposed faith in us through repeat investments…With a healthy deal flow pipeline and promising underlying RE fundamentals, we are optimistic of fully deploying the capital in the next 2-3 quarters,” Kaushik Desai, Managing Partner of WSB Real Estate Partners.

Also read:
BlackSoil Realty Fund exit from Sheth Developers


WSB Real Estate Partners and BlackSoil Group have raised over Rs 500 crore through their residential property debt fund WSB Real Estate Debt Fund II. The fund will focus on investing, through structured debt, in residential real estate projects serving the mid-income and affordable housing segment across select tier I cities and look to partner with developers with robust execution and delivery track record. The fund raise has witnessed active participation from including large family offices, corporates, offshore investors, and high net worth individuals (HNIs). The Rs 500-crore fund also has an additional green shoe option of Rs 250 crore, which is being raised now. “WSBREDF II has crossed its target corpus of Rs 500 crore and now stepped into green-shoe with the help of most of our existing investors who have reposed faith in us through repeat investments…With a healthy deal flow pipeline and promising underlying RE fundamentals, we are optimistic of fully deploying the capital in the next 2-3 quarters,” Kaushik Desai, Managing Partner of WSB Real Estate Partners. Also read: BlackSoil Realty Fund exit from Sheth Developers

Next Story
Infrastructure Urban

CONCOR Launches Double-stack Service Between NCR and Varnama

State-run Container Corporation of India (CONCOR) has launched double-stack container train services between the National Capital Region (NCR) and Varnama near Baroda. This initiative aims to facilitate customers at Nhava Sheva near Mumbai, home to Jawaharlal Nehru Port (J N Port). On December 21, the first double-stack container train from Khatuwas and Dadri in NCR reached CONCOR’s Gati Shakti Multimodal Cargo Terminal (GCT) at Varnama, situated along the Western Dedicated Freight Corridor (WDFC). The train carried export cargo destined for J N Port, according to a statement from the state..

Next Story
Infrastructure Transport

Less than 10% of Rs 40 Billion State-aid for Shipbuilding Utilised

A government-sanctioned financial assistance program worth Rs 40 billion, intended to support local shipbuilders over a decade starting in April 2016, has seen minimal utilisation, with only Rs 3.85 billion—less than 10 per cent of the total fund—disbursed thus far. With 15 months remaining before the scheme concludes, its uptake has been limited. The financial aid applies to shipbuilding contracts signed between April 1, 2016, and March 31, 2026. According to a written response provided by Union Minister of Ports, Shipping, and Waterways Sarbananda Sonowal to the Rajya Sabha on December ..

Next Story
Infrastructure Transport

Civil Aviation Minister Opens New ATC Tower at Indore Airport

The Minister for Civil Aviation, Ram Mohan Naidu Kinjarapu, inaugurated the new Air Traffic Control (ATC) Tower-cum-technical block at Devi Ahilyabai Holkar International Airport in Indore, Madhya Pradesh. During the inauguration, the minister toured the facility, where ATC experts explained various technical aspects of tracking and coordinating flights from the newly constructed tower. In addition to the ATC tower, the airport has also introduced a zero-waste plant. The union minister confirmed that this initiative aligns with the government’s commitment to sustainability. Minister Ki..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000