NEW DELHI – In a significant move poised to inject substantial capital into India’s burgeoning property market, The Wealth Company Asset Management, a key entity within the diversified Pantomath Group, has officially launched the Bharat Bhoomi Fund. This new Category II Alternative Investment Fund (AIF) commands a total corpus of ₹2,000 crore, designed to capitalize on strategic real estate opportunities across the nation.
A Category II AIF, like the Bharat Bhoomi Fund, primarily invests in equity or equity-related instruments, debt or debt securities, and real estate, typically through private placements, making it a crucial vehicle for funding specialized projects. The fund’s substantial size, initially set at ₹1,000 crore with an additional ₹1,000 crore “green shoe option” (allowing for an increase in the fund size if demand exceeds initial expectations), underscores the Pantomath Group’s confidence in the Indian real estate sector’s growth trajectory.
The Bharat Bhoomi Fund is set to deploy its capital across a diverse portfolio, with a keen focus on segments vital to India’s evolving economic landscape. This includes investments in infrastructure-aligned sectors such as data centers, warehousing, hospitality, and renewable energy parks. These areas are increasingly becoming attractive due to India’s digital transformation, growing logistics needs, and push towards sustainable energy.
Beyond infrastructure, the fund will also target traditional real estate segments, including mid-to-premium residential, retail, plotted villas, and mixed-use developments. These projects will be strategically located in India’s high-growth urban centers, specifically Mumbai (MMR), the National Capital Region (NCR), Pune, Bengaluru, Chennai, and Hyderabad. These cities are known for their robust economic activity, urbanization, and continuous demand for diverse property types.
The fund’s pipeline is already robust, with approximately 1,200 acres identified across six different projects. The leadership team behind the Bharat Bhoomi Fund brings considerable expertise to the table. Rakesh Kumar, with extensive experience in over 50,000 real estate transactions, and Bhavya Bagrecha, who has managed over ₹2,500 crore in institutional investments, are at the helm. Peter Sharp, formerly the head of Walmart Asia Real Estate, has joined the team as an advisor.
Madhu Lunawat, Founder and Director of The Wealth Company Asset Management, emphasized that the Bharat Bhoomi Fund enables the company to meet the rising demand for tangible assets with a disciplined approach, leveraging data and deep domain knowledge. This launch marks a significant expansion of The Wealth Company’s investment footprint in India’s dynamic real estate space.
