Chennai-headquartered actual property firm DRA Houses has entered right into a strategic Rs 250-crore secured debt platform with Yubi, an AI-powered working system for monetary companies, to strengthen its land acquisition stock throughout high-growth housing micro-markets.
The platform will probably be structured as a collateralized non-convertible debenture (NCD), with proceeds earmarked solely for land acquisition. Aspero, a web based mounted revenue platform supplier (OBPP), will allow DRA to entry capital markets and lift capital from an investor base that features ultra-high internet value people, excessive internet value people, household places of work and particular person traders. Yubi Group facilitates the development, publication and distribution of NCDs by way of its platform.
Ranjith Rathod, Managing Director, DRA Houses, mentioned, “Land is an important uncooked materials in residential actual property, and disciplined land acquisition is central to long-term worth creation. This partnership permits us to institutionalize our land procurement technique by way of safe, non-dilutive capital.”
“This safe NCD platform offers traders with readability, asset-backed safety and predictable outcomes in a market the place risk-adjusted returns are more and more vital,” mentioned Gaurav Kumar, Founder and CEO of Yubi Group.
