SGRE Fund Injects ₹125 Crore to Revive Noida’s Stalled Projects

SGRE Fund’s Strategic Push Revives Noida’s Stalled Real Estate

NCR-based SG Real Estate Fund (SGRE Fund), a ₹2,000 crore Alternative Investment Fund promoted by Nirala World and Sea Fund, has taken decisive steps to breathe new life into Noida’s real estate landscape. The fund recently raised ₹450 crore, with ₹125 crore already disbursed to two stalled projects in Noida, marking a significant milestone in the region’s revival efforts.

Fund Registration and Scope

Registered under SEBI Category II, SGRE Fund is designed to finance both residential and commercial projects across NCR. It offers support in the form of investments and loans through debenture and equity participation. The fund is particularly focused on reviving stuck projects that have struggled to secure traditional financing.

Current Disbursements and Future Plans

According to Suresh Garg, Chairman of Nirala World, “Funding has already been provided to two or three projects out of a total of four to five identified. We remain open to supporting more projects.” The fund has disbursed ₹125 crore under its first scheme and is preparing for a second scheme worth ₹500 crore to further expand its portfolio.

Rigorous Due Diligence Process

The fund’s rigorous due diligence process includes assessments of economic viability, technical feasibility, land titles, outstanding dues, and legal clearances. Projects with clear titles and strong fundamentals are prioritized, and the final decision rests with the investment committee.

Investor Base and Funding Security

SGRE Fund’s capital is sourced from institutional and individual investors, including family offices, high-net-worth individuals (HNIs), insurance companies, pension funds, banks, and sovereign wealth funds, in line with SEBI regulations. The fund’s returns are secured through equity share and debenture participation, ensuring robust investor confidence.

Nirala World’s Role and Projects

Nirala World, led by Suresh Garg, has already delivered over 10 million sq. ft. of residential space, with flagship projects like Nirala Eden Park, Nirala Estate, and Nirala Trio. The company is gearing up to launch two new commercial projects in Greater Noida West, reinforcing its commitment to the region’s growth.