Mumbai Redevelopment Opportunities Fund — 3P Investment Managers | Wisefolio

Mumbai Redevelopment Opportunities Fund

Cat II · Managed by 3P Investment Managers

Investing in Mumbai's Urban Renewal.

Private equity, private credit and real-estate funds that don't employ leverage except for operating needs. The largest AIF category.

Overview

About

Mumbai Redevelopment Opportunities Fund (MROF) is a SEBI-registered Category II Alternative Investment Fund (reg. IN/AIF2/23-24/1423), registered in January 2024 and managed by 3P Investment Managers Private Limited (CIN: U67110MH2022PTC391408, incorporated September 30, 2022) — a Mumbai-based real estate investment manager specialising in Mumbai redevelopment projects. The fund is operated under the Strategem brand (strategem.in) and is headquartered at Nirlon House, Dr. Annie Besant Road, Worli, Mumbai 400030. The fund specifically targets redevelopment projects — the conversion of old residential buildings, chawls, or societies in Mumbai into modern, high-value residential or mixed-use developments — which have been a significant driver of Mumbai's real estate supply in the last decade. Ranjeet Pawar is the SEBI-designated contact person. Mumbai redevelopment is a high-complexity, high-return real estate strategy driven by Mumbai's severe land scarcity, FSI incentives, and the city's ongoing transformation under DCPR 2034 (Development Control and Promotion Regulations). 3P Investment Managers provides the financial and project management expertise to bridge capital gaps in this specialized sector.

Investment philosophy

The Mumbai Redevelopment Opportunities Fund is built on the thesis that redevelopment projects in Mumbai represent a structurally attractive real estate investment opportunity — driven by the city's massive urban renewal pipeline (millions of sq. ft. of ageing housing stock eligible for redevelopment), regulatory incentives under DCPR 2034 (increased FSI), and chronic shortage of new land parcels. The fund targets projects at critical capital deployment junctures — land aggregation, tenant relocation, and construction commencement — where specialized capital from a structured AIF vehicle can unlock projects that conventional bank lending or developer equity alone cannot fund. 3P Investment Managers (the '3P' likely referencing three principals or the PPP/partnership model) brings specialist project evaluation, legal, and financial structuring expertise to navigate the complexity of Mumbai's redevelopment consent and regulatory landscape.

Team1

Ranjeet Pawar

SEBI Contact Person / Managing Partner

Ranjeet Pawar is the SEBI-designated contact person for Mumbai Redevelopment Opportunities Fund at 3P Investment Managers Private Limited. He is the primary investment professional and likely co-founder of the Strategem/3P Investment Managers platform. He is contactable via info@strategem.in from the fund's Nirlon House, Worli office.

Registration

SEBI registration

SEBI-registered

SEBI registration no.IN/AIF2/23-24/1423

RegisteredJan 2024 (2 years ago)

Valid untilPerpetual

Contact personRanjeet Pawar

Address3rd Floor Nirlon House Dr. Annie Besant Road Worli, Mumbai, Maharashtra, 400030

Investment manager

3P Investment Managers

Insights

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Disclaimer

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