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Independent Real Estate Asset Management
Managed by Novumlake Partners
Private equity, private credit and real-estate funds that don't employ leverage except for operating needs. The largest AIF category.
Novumlake Asset Fund is a SEBI-registered Category II Alternative Investment Fund managed by Novumlake Partners Private Limited (CIN: U74999MH2021PTC354682), a Mumbai-based real estate investment and asset management platform incorporated in February 2021. The manager operates from Plot 30, Flat 4302, 43rd Floor, Aqua Tower, Planet Godrej, Near Jacob Circle, Mahalaxmi, Mumbai 400011 — the same address as the SEBI registration. NovumLake Partners focuses on value-add and special situations investments in India's real estate sector, with a particular emphasis on Data Centers and Tech-Parks/Office verticals. The firm has a distinguished track record, having successfully executed India's first acquisition under the Insolvency and Bankruptcy Code of a rent-yielding Grade A commercial real estate asset (INR ~5 billion). The investment team has full-cycle experience with successful portfolio exits and best-in-class IRR performance. The firm collaborates with prominent institutional investors and family offices globally, and has established strategic tie-ups with leading real estate developers for Data Center and Office park development. The SEBI contact person is Mitesh Agarwal (Miteshkumar Agrawal per MCA), a director and founder of the firm who holds an MBA from the Indian School of Business (ISB).
Mitesh Agarwal
Founder & Managing Partner
Mitesh Agarwal (Miteshkumar Agrawal per MCA) is a Founder and director of Novumlake Partners Private Limited. He brings over two decades of industry experience in institutional real estate investing and has been recognised as one of India's Top 40 Under 40 Alternative Investment Professionals by the Indian Association of Alternative Investment Funds (IAAIF) in 2018. He previously served as Chief Investment Officer (CIO) – Real Estate at New Vernon Capital. His investing career since 2005 has delivered portfolio IRR in the Top 10 Percentile of all Real Estate Fund Managers in India. He has cumulative transaction experience of over 20 million sq. ft. of real estate with Gross Asset Value of USD 1.43 billion. He also previously held positions at CRISIL, UBS Warburg, and HDFC Mutual Fund (as Ex-CIO). He holds an MBA from the Indian School of Business (ISB), Hyderabad (ISB Scholarship, Dean's List) and is a Chartered Accountant (ranked Top 50 All-India). He is the SEBI-registered contact person for this fund.
Sanjoy Bhattacharyya
Director
Sanjoy Bhattacharyya is a Director of Novumlake Partners Private Limited (per MCA). He is described on the NovumLake website as a celebrated value investor with an abiding interest in behavioral finance, who has been featured in leading investment publications including the Financial Times, Forbes India, and Business World.
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View the investment manager profile with all PMS strategies and AIFs under Novumlake Partners.