Bengaluru, March 8 -- Investment manager Arnya Real Estates Fund Advisors and developer Supreme Universal have raised Rs.1,030 crore for Arnya Real Estate Fund-Equity, from domestic and offshore investors, including family offices and ultra-rich individuals, marking the first close for the equity platform.

The capital raised also includes around Rs.220 crore of equity committed by the two sponsors. Arnya Real Estates will manage the fund, while Mumbai-based Supreme Universal will develop the projects.

Arnya Real Estates has raised the capital for the platform via a Sebi-registered category II alternative investment fund (AIF)-Arnya Real Estate Fund-Equity.

The two partners had announced the launch of a residential real estate platform ...