Certus Capital Hits ₹1,000 Crore Mark in FY24-25, Enters Hyderabad with INR 180 Crore

Mumbai, April 21, 2025: Real estate investment firm Certus Capital has invested INR 180 crore in a premium residential real estate project in Hyderabad. Located in an established micro-market ~15 minutes from HITEC city, the project is being developed by CYBERCITY Builders and Developers. The developer has already delivered and sold 4,000+ apartments in this location. This latest investment marks Certus Capital’s foray into the Hyderabad real estate market.

With this investment, Certus Capital has touched INR 1,000 crore in secured, private credit investments. Certus Capital, founded by former KKR director Ashish Khandelia, more than doubled its investment in FY24-25 compared to the year before on the back of its deep leadership experience, presence across project lifecycles and asset classes, proven expertise in managing complex transactions and a growing mixed investor base.

Certus Capital’s capital base has grown to more than 1,000 investors, driven by a track record of delivering 15 per cent+ net returns on its fully exited investments. All investments made in 2022 and 2023 were fully exited by the end of FY 24-25. The company has also invested heavily in its digital platform Earnnest.me that manages the firm’s investor base with industry-leading transparency and institutional quality reporting. As a result, Certus Capital enjoys a healthy 75 per cent repeat investment interest.

Certus’s investments witness strong co-participation interest from large financial institutions. This latest investment in Hyderabad is a collaboration between Certus Capital and a leading NBFC having an AUM of INR 78,000+ Cr. The project has a saleable area of 33 lakh square feet area spread across two phases. CYBERCITY Builders and Developers, a leading name in Hyderabad, has delivered over 70 lakh square feet in the immediate vicinity of this project. Development of Phase 1 alone (~50 per cent of the project) is likely to be sufficient to fully exit the investment.

In 2024, Certus’s INR 130 crore Pune investment saw INR 50 crore participation from an NBFC with over INR 1 Lakh Crore AUM. Further, another housing finance company has sanctioned participation in Certus’s south central Mumbai investment that was closed in January 2025.

Commenting on the investment, Ashish Khandelia, Founder, Certus Capital said, “Our latest investment in Hyderabad is in line with our mission to expand our portfolio geographically by leveraging private credit opportunities in the real estate market. Given the fact the debt financing opportunity is expected to grow to INR 14 lakh crore to 2026, it gives us a long runway for growth. Going forward, our goal is to maintain the momentum of over 100 per cent growth in investments in-tact in FY25-26 while remaining hawkishly focused on investment quality. We expect the demand for capital in the real-estate sector to remain robust.”

Certus Capital has invested in real estate projects in Mumbai, Pune, Chennai, Hyderabad and is in an advanced stage of evaluation in Bengaluru. The investors include family offices – single family and multi-family offices, HNIs, CXOs, institutions, to name a few.