Brick Eagle

Funds managed 

Fund Name Asset class
Brick Eagle India Affordable Housing TrustReal estate

License – AIF Cat 2
IN/AIF2/16-17/0290

About

Brick Eagle was founded in 2011 with a vision to provide market-based solution for the housing poverty in India. The group strives to bridge the funding gap and empowers Local Developers across the country. Besides providing capital to developers, they also offer them a management tool kit on corporate governance, financial discipline and Industry best practices. They realize that Developers need support across the value chain in order to deliver housing in scale. Hence they are incubating an ecosystem of entrepreneurs providing various services right from product design to township management. .

Brick Eagle Affordable Housing Finance Limited is a Public incorporated on 21 July 2017. It is classified as Non-govt Company and is registered at Registrar of Companies, Mumbai. Its authorized share capital is Rs. 200,000,000 and its paid up capital is Rs. 181,246,000. It is involved in Monetary Intermediation [This group includes the obtaining of funds in the form of deposits]

Directors of Brick Eagle Affordable Housing Finance Limited are Chaitainya Ashith Kampani, Sohil Chand, Chitresh Niranjan Mody, Ruchi Ramann, Milind Mukund Gowardhan,

Key staff

Chaitainya Ashith Kampani – He worked as a director at Cosmicmandala15 Technologies Private Limited. Also, he was designated partner at Cosmicmandala15 Brand Consultants LLP. He is additional director at Brick Eagle Affordable Housing Finance Limited and Cosmicmandala15 Securities Private Limited. 

Sohil Chand – He was an individual partner at Morpheus Tritiya Business Consultants LPP and is director at Brick Eagle Affordable Housing Finance Limited.

Media 

https://economictimes.indiatimes.com/wealth/real-estate/brick-eagle-capital-raises-rs-100-crore/articleshow/60723595.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Brick Eagle Capital Advisory, a financial services platform for affordable housing, had raised Rs 100 crore from Bennett Property Holdings and Axis Bank as anchor investment for its Alternative Investment Fund (AIF) with targeted corpus of Rs 500 crore.

Both Bennett Property Holdings and Axis Bank had committed Rs 50 crore each for the affordable housing fund. The fund, which is a category II AIF registered with Sebi, is aiming to s support development of around 50,000 housing units for low-income group, while targeting 18-20 per cent annual returns.

Prepared by Dishant Savla 

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