Arka India Realty Fund — Sepulveda Fund Management | wisefolio

Arka India Realty Fund

Building Breakthroughs

IN/AIF2/20-21/0792Cat II

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

Overview

About

Arka India Realty Fund is a Category II AIF and the flagship real estate fund of Sepulveda, the alternative investment arm of Hyderabad and Bangalore-based Incor Group. Incor Group was founded in 2007 by Suryanarayana (Surya) Pulagam and operates across real estate development (PBEL City, Lake City, Opulence), healthcare (OMNI Hospitals), hospitality (Boston Living, The Landing), and lifesciences. The fund is a 5-year closed-ended vehicle with a target corpus of ₹230 crore and a greenshoe option of ₹220 crore, with a minimum investment of ₹1 crore. It targets early-stage residential real estate projects across Hyderabad, Bangalore, Chennai, Mumbai, and Pune.

Investment Philosophy

Arka India Realty Fund invests in early-stage residential projects — primarily villa plotting and residential development opportunities — in prominent locations with shorter development cycles. The strategy targets receivables backed by significant collateral through multi-layer security mechanisms including charges on underlying land/development rights, registered mortgages, and promoter and corporate guarantees. Investments are structured as debt or structured instruments. The fund seeks superior risk-adjusted returns with a hurdle rate of 12% p.a. pre-tax. The sponsor commits 10% of the fund corpus (significantly above the SEBI minimum of 2.5%), reflecting strong alignment with investors.

Team— 4

Venkat

Fund Manager / Investment Professional, Sepulveda Fund Management Services Pvt Ltd

Formerly Regional Business Head for Indiabulls AIF, Arthveda Fund Management, and UTI AMC. Brings extensive AIF and mutual fund distribution and management experience to the Sepulveda fund management team. Full name not confirmed from available public sources.

Suryanarayana Pulagam

Chairman and Managing Director, Incor Group (Sponsor)

Suryanarayana (Surya) Pulagam is the Chairman and Managing Director of Incor Group, which he co-founded in 2007. He has a Bachelor of Science (Major in Statistics and Economics) from Bombay University and completed the Advanced Management Program at Harvard Business School. He built PBEL City in partnership with two Israeli Fortune 500 companies — Property and Building Corporation (PBC) and Electra Real Estate (ERE) — before expanding Incor into healthcare (OMNI Hospitals, 6 multi-speciality hospitals), hospitality (Boston Living co-living, The Landing at GMR Airport), incubation, and lifesciences. He is the sponsor of Arka India Realty Fund through Incor Group and is recognised as one of India's leading innovators in real estate and healthcare. He is associated with 24 companies per MCA records (DIN: 00768424).

Chiranjiv Vaghani

Director, Sepulveda Fund Management Services Pvt Ltd

Chiranjiv Ishwarlal Vaghani has over 30 years of experience in senior-level management, primarily at Milton Plastics Limited (Milton brand), of which he is a key promoter. He is a Managing Committee Member of the Young Presidents Organization (Bombay Chapter) and has expertise in manufacturing, sales and marketing, finance and taxation, and real estate ventures. He is a Director of Sepulveda Fund Management Services Pvt Ltd and a creative deal-maker with a solid track record of building companies across real estate and finance.

Vaghani (Chiranjiv's son — first name not publicly confirmed)

Director / Investment Professional, Sepulveda Fund Management Services Pvt Ltd

A Director at Sepulveda Fund Management Services Pvt Ltd. Chartered member of RICS (MRICS) and trained surveyor. Holds a PGDM in Marketing from SSIM and a PGDFA from IIBF. Described as a creative deal-maker with expertise in real estate structuring and investment advisory. May be Vinay Chiranjiv Vaghani based on MCA association with Chiranjiv.

Registration

SEBI Registration

SEBI-registered

Reg. NumberIN/AIF2/20-21/0792

VintageMay 2020 · 6 yrs old

Valid ToPerpetual

Contact PersonSuryanarayana Pulagam

AddressIncor Opulence G5, Gunjurpalya Road, Gunjur, Varthur Hobli, Bangalore, Karnataka - 560087, Bangalore, Karnataka, 560087

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Disclaimer

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