The fund has partnered with real estate developer Dhanraj Group for the proposed investment, which will cover nearly 31 acres across Karjat, Khalapur and Khopoli.
The three projects have a combined targeted gross development value (GDV) of more than ₹500 crore, according to an announcement dated September 22.
Bharat Value Fund Series V has a target corpus of ₹1,000 crore, along with a green-shoe option of an additional ₹1,000 crore. The fund’s investment mandate includes equity investments in plotted residential developments across infrastructure-led corridors in the Mumbai Metropolitan Region, Pune, Bengaluru, Chennai and Hyderabad.
The proposed ₹75-crore investment will support the development of the three projects, which are positioned as plotted residential communities catering to demand for second homes, integrated living and lifestyle-oriented residential destinations.
The projects are located in areas expected to benefit from infrastructure developments including the Navi Mumbai International Airport, Mumbai-Pune Expressway Missing Link, JNPT Chowk Corridor and the Panvel-Karjat suburban rail extension.
The investment represents the fund’s exposure to plotted residential development as part of its broader strategy of investing in infrastructure-led residential corridors across major Indian markets.