This milestone reflects our commitment to providing innovative investment opportunities through expert management and regulatory compliance.
Millenia WB Yield Fund presents an exclusive opportunity to invest in residential projects across the high growth IT centers of South India
Capitalize on India’s booming digital economy and IT growth by investing in mid-income residential projects of one of South India’s largest residential developers
Millenia WB Yield Fund presents an exclusive opportunity to invest in residential projects across the high growth IT centers of South India
Capitalize on India’s booming digital economy and IT growth by investing in mid-income residential projects of one of South India’s largest residential developers
India to become the 3rd largest economy within 3 -4 years, crossing $5 Tn GDP
World’s largest IT & ITeS market Fastest growing at 8% CAGR since 2012 employing 5.4 Mn people
Fastest growing urban population in the World
28% in 2001 to 36% in 2024
Real estate market in FY22 up from $67 Bn in 2011, contributing c.7.5% in the GDP
Residential Market size in 2024 Fastest Growing residential market (530k unit sales in 2024 vs 435k in 2023)
Sources: World Bank, Casagrand DRHP, Government websites, Brickwork report, News Articles
Mn– Million, Bn – Billion, Tn – Trillion
52 Crs, one of the world’s largest urban population in 2023
10 Crs + households expected to move to upper mid & higher income brackets by 2030(1)
The Affordability index has been improving over the last decade (Mumbai – 93% (2010) to 51% (H12024), all other major cities – c.50% in 2010 to c. 26% (H12024) (2)
Demonetization, GST, & RERA built trust & transparency
Shift towards high quality/ branded new age homes
Note 1: Lower mid – INR 0.2-0.5 Mn, Upper mid – INR 0.5-2.8 Mn, High – > INR 2.8 Mn
Note 2: Affordability Index = EMI to Income Ratio. Source – Knight Frank Report
South India is the strongest growth driver in India’s residential landscape, with absorption rising 29% and launches up 16% in FY24, led by Chennai, Bengaluru, and Hyderabad. While West India posted a healthy 19% absorption growth and NCR saw a 10% rise, South India’s performance highlights the IT corridor’s pivotal role in fuelling demand and supply momentum.
*South India region has seen strong residential demand growth during FY23-24 leading to subsequent growth in launches
| NCR | |||
|---|---|---|---|
| FY23 | FY24 | Growth | |
| Absorption (Mn sqft) | 73 | 80 | 10% |
| Launches (Mn sqft) | 64 | 59 | -8% |
| West India | |||
|---|---|---|---|
| FY23 | FY24 | Growth | |
| Absorption (Mn sqft) | 263 | 312 | 19% |
| Launches (Mn sqft) | 267 | 253 | -5% |
| South India (Chennai, Bengaluru, Hyderabad) | |||
|---|---|---|---|
| FY23 | FY24 | Growth | |
| Absorption (Mn sqft) | 248 | 320 | 29% |
| Launches (Mn sqft) | 267 | 253 | 16% |
Casagrand has built strong in-house end-to-end project execution capabilities and has demonstrated an exceptional track record in sales, collections, and timely repayment of borrowings
24% Market Share
33+ Mn sqft under development
22k + Units in Ongoing Projects
4300+ Employees
20+ Mn Sqft Developed
13+ Mn Sqft Forthcoming
2.8 Mn Sqft Warehousing Project Completed
~30 Awards & Accolades
15k+ Units in Completed Projects
A- (stable) Rated by Crisil
INR 26 BN FY24 Revenue
Arun Mn.
Founder & Managing Director
The total team strength is 4,300+ employees
Best Residential Project – Mid Segment For Casagrand First City by 14th CNBC-AWAAZ Real Estate Awards – South Zone (2024)
Best On-Going Villa Project For Casagrand Hanford by The Economic Times Real Estate Awards (2024)
Asia Prestigious Rising brands of India by Prestigious Rising Brands – Barc Asia (2023 – 2024)
Prestigious Rising Brands – Barc Asia Prestigious Rising brands of India 2023-2024 Brand
e4m Pride of India Chennai by Exchange4media (2024)
AUM managed till date
Years of combined industry experience
Credit loss
Avg Deal Origination p.a (Since 2012)
Chartered Accountant & Commerce Hons. Graduate
Civil Engineer, MBA (Finance)
32+ years of experience across financial services and real estate investments
Founder and CEO of IREP Credit Capital and Ex-Country Head of Morgan Stanley Real Estate, India & served on the boards of Oberoi Realty, Panchshil Realty, and Mantri Realty
20+ years of experience with the Tata Group, Ex-CEO, Tata Housing
He held leadership roles at Tata Housing, Barista Coffee, Tata Chemicals, and Tata Sons where he pioneered affordable housing, Green IT parks & Draw-of-lots apartment allocation in Indian Real Estate industry.
(Casagrand Group)
(Established residential micro-markets with positive ESG impact)
(i.e. South India & other niche markets)
(Independent IC & Asset Management team)
Primary Exit Plans :
250 Cr Fund Size = 250 Cr (Green Shoe Option)
Mortgage of underlying project assets and escrow of cashflow
By Casagrand Group – Development Partner
Pre-agreed revenue share percentage from the project cashflows
Fund Tenor
in High Growth IT centers of India. South India Market Focus
The Indian residential real estate sector is at an inflection point, fueled by rapid urbanization, improved affordability index, and stringent government reforms
Significant skin in the game, with the Development Partner committing 10% of the Fund.
The Fund offers a distinctive opportunity to strategically invest in mid-income residential projects with ESG positive impact in key markets driven by the IT/ITeS in South India
Fund managed by seasoned professionals with 50+ years of combined experience in managing INR 300 Bn+ AUM
Secured ringfenced investment, backed by top-tier Development Partne
Robust governance framework and an Independent Investment Committee for project monitoring and conflict management
Our funds are designed for accredited investors, institutions, and high-net-worth individuals seeking diversified opportunities in strategic finance.
An AIF is a privately pooled investment vehicle that invests in alternative assets beyond traditional stocks and bonds.
There are three categories:
Category I: Startup & social venture funds
Category II: Private equity & debt funds
Category III: Hedge funds
Investors should assess fund objectives, risk-return profile, manager expertise, compliance standards, and alignment with their financial goals.
Funds typically provide periodic reports, performance reviews, and compliance updates to ensure transparency and accountability for investors.
Millenia WB Yield Fund (the “Fund”), a scheme of Millenia WB Trust, a Category II Alternative Investment Fund (AIF) registered under SEBI (Alternative Investment Funds) Regulations, 2012 and having registration no. IN/AIF2/24-25/1598. This document is being furnished on behalf of Irris Whiteboard Private Limited (“IWPL”). This document is for informational purposes only and does not constitute an offer of participating in the investment offering. This information profile has been provided to its recipient upon the express understanding that the information contained herein, or made available in connection with any further investigation, is strictly confidential and is intended for the exclusive use of its recipient. It shall not be photocopied, reproduced or distributed to others at any time without prior written consent. This document is neither a prospectus nor an invitation to subscribe to the investment offering.
Prospective investors should careful- ly review the underlying constituent documents before deciding to invest. In general, participation in the offering will involve signifi- cant risks. Nothing in this document is intended to constitute legal, tax, securities or investment advice, or opinion regarding the appropriateness of any investment, or a solicitation for any product of services. The use of any information set out in this document is entirely at the recipient’s own risk. Investors are advised to seek independent professional advice to understand all attendant risks attached to such investments. All investors should have the financial ability and willingness to accept the risks and lack of liquidity, which are characteristics of the investment described herein. In making an investment decision, investors must rely on their own examination of the documents and the terms of the offering to be set out in detail in a separate document, including the merits and risks involved. While reasonable care has been taken to ensure that the information contained herein is not untrue or misleading at the time of publication, no representation is made as to the accuracy or completeness. The information herein is subject to change without notice. Neither IWPL nor any of its promoters, officers or employees accept any liability whatsoever for any direct consequential loss arising from any use of this presentation or its contents. Please also note that the returns and other details shared are for illustration purposes only and are not indicative of actual perfor- mance. Please refer to the underlying constituent documents carefully before investing. Past performance may or may not be sustained in future performances. The facts and figures used in this presentation reflect the latest available information have been sourced from in‐house research, databases and various articles in leading newspapers, reports of Indian real estate and other sources that are in the public domain. This presentation cannot be copied, reproduced, in whole or in part or otherwise distributed without prior written approval of the Manager Past Performance is not an indication of future performance. Investments in the securities market are subject to market risk. Please read the Private Placement Memorandum (PPM) and Fund related documents carefully before investing. This document has been prepared by Irris Whiteboard Private Limited (the “Investment Manager”). This Document is strictly confidential and is intended for the use by recipient only and may not be circulated, redistributed, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of the Investment Manager. The information set forth has been obtained from sources believed by the Investment Manager to be reliable. However, the Investment Manager does not make any warranty as to the information’s accuracy or completeness. The terms and conditions presented in the fund structure are subject in their entirety to the Fund’s offering document / Private Placement Memorandum (PPM) as amended from time to time. This representation does not constitute an offer or solicitation to any person in any jurisdiction in which such an offer or solicitation is not authorized or to any person to whom it would be unlawful to make such an offer.
