The Wealth Company Asset Management, part of the Pantomath Group, has launched Bharat Bhoomi Fund, a Rs 1,000 crore ($117.1 million) vehicle that marks the firm’s entry into India’s real estate segment under its flagship Bharat Value Fund (BVF) platform.
The new vehicle, which has an additional Rs 1,000 crore green shoe option, will back execution-ready real estate projects across high-opportunity corridors and major Indian cities.
It will follow a diversified capital allocation strategy spanning data centres, warehousing, hospitality, renewable parks, and residential developments. Key target markets include Mumbai, NCR, Pune, Bengaluru, Chennai, and Hyderabad.
The fund said it will also pursue investments in plotted developments and mixed-use assets along infrastructure-led corridors.
The Wealth Company, formerly Pantomath Capital Management, believes real estate offers visibility, collateral backing, and counter-cyclical resilience, making it a strong complement to its equity and private markets exposure.
“This is not a new direction, but a natural progression,” said Madhu Lunawat, Founder and Director at The Wealth Company.
The fund will focus on assets with clean land titles, regulatory readiness, and early exit visibility. It is currently evaluating a pipeline of 1,200 acres across six projects.
The investment team includes Rakesh Kumar, who has held senior leadership roles at Shell, Walmart, and Reliance, and Bhavya Bagrecha, who previously introduced India’s first REIT-style structure under SEBI’s VCF regulations. Walmart’s former Asia real estate head, Peter Sharp, has joined as an advisor, the firm said.
“As capital becomes more thoughtful, the demand for real assets with real outcomes has never been higher,” Lunawat said. On Monday, Birla Estates, the real estate arm of Aditya Birla Group, secured an investment of Rs 420 crore ($49.1 million) from World Bank Group member International Finance Corporation (IFC).
