Address Maker, AIGPL ink ₹200 crore private credit deal to help develop real estate projects, enter Mumbai market
BENGALURU: Real estate developer Address Generator strikes a blow ₹AI Growth Pvt. 200 crore special loan agreement with. Ltd (AIGPL) will help with its projects, land acquisition and plans to enter new markets, senior executives of both the companies said.
AIGPL, through its subsidiaries, Bengaluru-based developer on land acquisition and land aggregation, joint development agreement opportunities and project-related financing needs.
AIGPL, which provides private capital solutions and structured financing support to companies, has an online bond platform called Jiraaf, registered with JIRAAF. Securities and Exchange Board of India and a non-banking financial company. This stable capital arrangement for Address Generator provides flexible access to financing, allowing the company to strengthen its project pipeline and act on strategic opportunities.
“This partnership provides us with the financial agility to accelerate the next phase of our growth in Bengaluru and marks an important step as we look to expand into new markets such as Mumbai,” said Khushru Jijina, President of Address Builder.
The real estate firm has delivered around 6.7 million sq ft of residential flats, villas, commercial spaces and planned developments in Bengaluru, with an additional 5.2 million sq ft of projects on track. Now exploring redevelopment project opportunities Mumbai.
Capital solutions
India has emerged as one of the most dynamic real estate private lending markets in Asia-Pacific, ranking second and accounting for 36% of regional fundraising from 2020 to 2024, real estate consultant Knight Frank said in a recent report. Supported by regulatory reforms, diversified financing structures and sustained demand for flexible financing, the country is expected to contribute 20-25% to the region’s $90-110 billion growth in private credit by 2028.
“It is encouraging to see our holding company and its subsidiaries expanding their structured capital solutions to high-quality partners like Address Generator,” said AIGPL co-founder Vineet Agrawal.
Private lending in India has expanded, driven by developers’ increasing reliance on non-bank capital in a tighter lending environment. According to a Knight Frank report, the country’s private credit environment goes beyond traditional development finance. Structured debt, late-stage financing and special situation funds are playing a larger role in supporting developers.
