WSB Real Estate Debt Fund invests ₹55 crore in BKC 9 project
WSB Real Estate Debt Fund II closes ₹55 crore investment in BKC 9
WSB Real Estate Debt Fund II (WSBREDF II) has invested ₹55 crore in BKC 9, situated in Bandra East, Mumbai. BKC 9 is a collaborative effort between Shapoorji Pallonji Real Estate (SPRE) and Vakratunda Buildcon (VBPL).
Replicating prior success
Following the ₹75 crore investment in BKC 28 in 2022, which achieved sales of approximately ₹200 crore, the collaboration aims to replicate its success in the burgeoning real estate market. The debt fund's continued backing signals confidence in the developer partnership's track record in Mumbai's premium residential segment.
Project specifications
BKC 9 is set on a 0.41-acre plot and comprises 92 apartments featuring a diverse range of 2BHK and 3BHK typologies to cater to the varied needs of discerning homebuyers. The ultra-modern property is located next to the iconic Bandra Kurla Complex, positioning the development in one of Mumbai's primary commercial and residential hubs.
Market context
Real Estate in Bandra East stands at the epicenter of Mumbai's transformation into a global financial hub, making it one of India's most coveted property investment destinations. This dynamic locality seamlessly blends the convenience of modern urban living with the prestige of housing multinational corporations, creating an ecosystem where Property in Bandra East commands premium valuations and exceptional rental yields.
About WSB Partners
WSB Partners (Formerly known as 'Walton Street India') is an India-focused alternative asset manager founded by Walton Street Capital's ex-India team (Kaushik Desai, Vinit Prabhugaonkar, Vimal Jangla) and the Blacksoil group. Since 2013, WSB has committed more than US$ 275 Mn of capital in the real estate sector.
Shapoorji Pallonji's residential portfolio
Shapoorji Pallonji Group is one of India's oldest and most trusted construction and real estate companies, founded in 1865. The company began as a small construction firm and has now grown into a global business with a presence in more than 40 countries. Shapoorji Pallonji Real Estate (SPRE) was the first Indian company to construct two 60 storey residential towers in Mumbai.