Mumbai, July 14 -- Paradigm Realty Group has secured Rs 1 billion in funding from Arnya RealEstates Fund for its flagship residential project, 71 Midtown, in Chembur, Mumbai.
The institutional investment will be used to support the completion of Phases 1 and 2 of the development, with the financing aligned to the project's construction and delivery schedule.
Spread across approximately 4.5 acres, the gated residential community comprises one- and two-bedroom apartments. Located near Sindhi Society in Chembur, the project offers connectivity to the Bandra Kurla Complex (BKC) and is expected to benefit from infrastructure and commercial developments in the area, including the upcoming High Court in Bandra East.
Paradigm Realty said the investment strengthens the project's financial position, improves cash flow visibility and supports timely execution while maintaining construction quality.
Commenting on the transaction, Parthh K. Mehta, CMD and Chief Mentoring Officer, Paradigm Realty Group, said the investment reflects institutional confidence in the company's execution capabilities, governance standards and long-term growth strategy.
Piyush Thakkaar, Director - Investments, Arnya RealEstate Fund Advisors, said the investment was driven by the project's location, planning and the developer's execution track record.
Over the past 11 years, Paradigm Realty has completed 13 residential projects, delivering more than 3.6 million sq ft of development to over 3,100 families. The developer currently has six ongoing projects with approximately 4 million sq ft under development across Mumbai.
Published by HT Digital Content Services with permission from Construction World.