9 months ago
Address Maker, AIGPL ink ₹200 crore private credit deal
Address Maker, a property developer, has made a big deal with AIGPL, a financial services company.
They agreed to share ₹200 crore to help Address Maker build more houses and shops, buy land, and expand to new cities like Mumbai.
AIGPL will provide this money through a special system that helps companies get the funds they need.
Address Maker has already built a lot of buildings in Bengaluru and has more projects in the works.
This deal will help them grow faster and enter new markets.
India is becoming a big player in the private credit market, which is a way for companies to get money without going to banks.
This deal is part of that growing trend.
Address Maker and AIGPL have signed a ₹200 crore private credit deal to support real estate projects and market expansion.
AIGPL will provide a rolling capital framework for land acquisition, joint development agreements, and project funding.
The deal aims to accelerate Address Maker's growth in Bengaluru and facilitate its entry into the Mumbai market.
Address Maker has delivered 6.7 million sq. ft of residential and commercial spaces in Bengaluru, with an additional 5.2 million sq. ft in the pipeline.
India's private credit market is growing, with the country accounting for 36% of regional fundraising in Asia-Pacific from 2020 to 2024.
- Who
- Address Maker (property developer) and AI Growth Pvt. Ltd (AIGPL) (financial services provider)
- What
- A ₹200 crore private credit deal to support real estate projects and market expansion
- Where
- Bengaluru (current operations) and Mumbai (planned expansion)
- When
- The timeline for the deal's execution is not specified in the articles.
- Why
- To provide flexible funding for land acquisition, project development, and market expansion
Key facts
- Deal Amount
- ₹200 crore
- Companies Involved
- Address Maker, AI Growth Pvt. Ltd (AIGPL)
- Purpose of Deal
- Funding for real estate projects, land acquisition, and market expansion
- Address Maker's Delivered Projects
- 6.7 million sq. ft of residential and commercial spaces in Bengaluru
- Address Maker's Pipeline
- 5.2 million sq. ft of projects in development
- AIGPL's Platform
- Jiraaf (online bond platform registered with SEBI)
- Market Expansion Plans
- Mumbai
- India's Private Credit Market Position
- Second in Asia-Pacific, accounting for 36% of regional fundraising from 2020 to 2024
Quotes
Khushru Jijina
Chairman of Address Maker
“This partnership gives us the financial agility to accelerate our next phase of growth in Bengaluru and marks an important step as we plan to expand in new markets like Mumbai.”
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Vineet Agrawal
Co-founder of AIGPL
“It is encouraging to see our holding company and its affiliates extend structured capital solutions to high-quality partners such as Address Maker.”
livemint.com
