Noida, May 3, 2025: SG Real Estate Fund, a Category II Alternative Investment Fund (AIF) registered with SEBI, has raised ₹450 crore to invest in real estate projects across the National Capital Region (NCR).
The fund, promoted and managed by Nirala World and Sea Fund, has already disbursed ₹125 crore to revive two stalled projects in Noida.The fund’s first scheme has allocated ₹450 crore, with ₹125 crore already disbursed to two projects. Another round of disbursements is expected soon, as several projects are currently undergoing due diligence. The fund has also applied for approvals worth ₹500 crore for a second scheme, which will involve equity participation to further expand its portfolio.SG Real Estate Fund aims to provide finance to all types of real estate companies developing both residential and commercial projects across NCR. The fund offers investment and loans through debenture and equity participation, with a focus on supporting stalled projects.
Suresh Garg, promoter of SG Real Estate Fund, emphasized that any project in need of funding can apply to the fund. The fund’s legal and technical teams assess the project’s feasibility, and after completing the standard evaluation process, a proposal is forwarded to the standing committee for approval. Projects with clear land titles, no legal issues, and strong economic viability are considered eligible for funding.The Noida real estate market has been grappling with a significant number of stalled projects. According to data from PropEquity, 378 housing projects comprising 1.46 lakh units are currently delayed across Noida, Greater Noida, Ghaziabad, Lucknow, and Agra. Noida alone accounts for 103 stalled projects with 41,438 units. The SG Real Estate Fund’s initiative aims to address this issue by providing much-needed capital to revive these projects.
The fund’s approach includes securing returns through equity share and debenture participation. It plans to raise capital through third-party investments from sophisticated institutional and individual investors, in line with SEBI regulations. This includes contributions from family offices, high-net-worth individuals (HNIs), insurance companies, pension funds, banks, financial institutions, sovereign wealth funds, multilateral agencies, and other institutional investors.
Nirala World, the realty company behind SG Real Estate Fund, has delivered over 10 million sq. ft. of residential developments, including projects like Nirala Eden Park, Nirala Estate, and the ongoing Nirala Trio. The company is also preparing to launch two new commercial projects in Greater Noida West.The SG Real Estate Fund’s efforts are seen as a positive step towards revitalizing the Noida real estate market and addressing the challenges posed by stalled projects. By providing targeted financial support, the fund aims to unlock the potential of these projects and contribute to the growth of the NCR real estate sector.
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SG Real Estate Fund Revives Noida Projects with ₹125 Crore Investment
