Brick Eagle to raise $100 million for Affordable Housing
6th February 2014: Brick Eagle Capital Advisory, today announced its plans to raise USD 100 million to invest in lands for affordable housing development. This will be routed through Brick Eagle’s Singapore fund.
Working towards the vision of delivering a million housing units by 2030, Brick Eagle plans to tie up close to 1000 acres of lands this year. These lands will be developed to house over 70,000 families in the next 5-7 years. Brick Eagle already has a pipeline of land and has partnered with developers with strong execution track record.
Speaking at the announcement, Mr.Rajesh Krishnan, Brick Eagle CEO said “Mumbai remains key focus area for our investments in 2014. Mumbai currently needs over 2.5 million affordable homes and we hope to address at least 1% of this demand through our investments”.
About Brick EagleBrick Eagle is a financial services platform for affordable housing development in India.
India’s housing demand is projected at over 5 million units/year and over 90% of this is in the affordable housing segment. Understanding that housing is not only a social need but a fundamental building block of economic activity, Brick Eagle acts as a catalyst for affordable housing development.
Brick Eagle has developed a scalable model for promoting affordable housing, leveraging the knowledge and expertise of local partners. They invest in lands and enable affordable housing development by bringing together various stakeholders such as developers, financial institutions, technology providers, social infrastructure operators etc.
Brick Eagle currently manages over 30 million sq.ft. of affordable housing projects, which are at various stages of development. For every investment, they harness the power of experience, imagination and discipline to transform lands into opportunity, creating significant value for stakeholders. Their focused investment strategy transforms under-performing properties into valuable assets.
Brick Eagle also manages a Venture Incubator center that nurtures entrepreneurial companies that can fill gaps in the development value chain. It has incubated four affordable housing developers and three service providers till date.
Brick Eagle was promoted by Rajesh Krishnan and Prabhat Ranjan, classmates at IIT Delhi, with MBA from Wharton and IIM Bangalore. Backing this ambitious organization are eminent advisors and investors who share this vision to build homes for the low and middle income groups.
Working towards the vision of delivering a million housing units by 2030, Brick Eagle plans to tie up close to 1000 acres of lands this year. These lands will be developed to house over 70,000 families in the next 5-7 years. Brick Eagle already has a pipeline of land and has partnered with developers with strong execution track record.
Speaking at the announcement, Mr.Rajesh Krishnan, Brick Eagle CEO said “Mumbai remains key focus area for our investments in 2014. Mumbai currently needs over 2.5 million affordable homes and we hope to address at least 1% of this demand through our investments”.
About Brick EagleBrick Eagle is a financial services platform for affordable housing development in India.
India’s housing demand is projected at over 5 million units/year and over 90% of this is in the affordable housing segment. Understanding that housing is not only a social need but a fundamental building block of economic activity, Brick Eagle acts as a catalyst for affordable housing development.
Brick Eagle has developed a scalable model for promoting affordable housing, leveraging the knowledge and expertise of local partners. They invest in lands and enable affordable housing development by bringing together various stakeholders such as developers, financial institutions, technology providers, social infrastructure operators etc.
Brick Eagle currently manages over 30 million sq.ft. of affordable housing projects, which are at various stages of development. For every investment, they harness the power of experience, imagination and discipline to transform lands into opportunity, creating significant value for stakeholders. Their focused investment strategy transforms under-performing properties into valuable assets.
Brick Eagle also manages a Venture Incubator center that nurtures entrepreneurial companies that can fill gaps in the development value chain. It has incubated four affordable housing developers and three service providers till date.
Brick Eagle was promoted by Rajesh Krishnan and Prabhat Ranjan, classmates at IIT Delhi, with MBA from Wharton and IIM Bangalore. Backing this ambitious organization are eminent advisors and investors who share this vision to build homes for the low and middle income groups.