Arnya Realestates Fund Advisors PMS is an emerging and specialized investment management offering in India, focused on the real estate asset class. Operated by Arnya Realestates Fund Advisors Private Limited, the firm positions itself as an independent fund manager aiming to bring institutional-quality real estate investment opportunities to investors seeking portfolio diversification beyond traditional equities and debt instruments.
Founded in 2023 and headquartered in Mumbai, Arnya is led by Sharad Mittal, a seasoned industry veteran with over two decades of experience in real estate private equity and investment management. Prior to founding Arnya, he played a key role in building the real estate investment platform at Motilal Oswal Alternates, scaling it to a multi-thousand crore asset base. The founding team collectively brings more than 100 years of experience, providing a strong institutional backbone to the firm’s investment strategy.
Arnya’s PMS and broader investment approach revolve around structured exposure to real estate through debt, equity, and hybrid strategies. Unlike traditional PMS offerings that primarily invest in listed equities, Arnya focuses on residential real estate development projects across India’s top cities, targeting both income generation and capital appreciation. Its flagship offerings, such as the Arnya Real Estate Fund – Debt and Equity strategies, aim to capitalize on opportunities in mid-income housing, redevelopment projects, and growth-stage developers.
A key differentiator for Arnya is its “real focus, real independence, and real track record” philosophy. The firm emphasizes conflict-free investing, alignment of investor and manager interests, and disciplined capital deployment. With a historical track record (through the leadership team) of over 175 investments and reported returns exceeding 20% internal rate of return (IRR) across multiple cycles, the platform highlights its execution capability in navigating complex real estate markets.
In terms of growth, Arnya has been actively deploying capital across residential projects in cities such as Bengaluru, Mumbai, and Navi Mumbai. The firm has already committed several hundred crores to real estate developments and is targeting large-scale fund raises exceeding ₹1,000 crore for its investment vehicles. This reflects its ambition to scale into a significant alternative asset manager within India’s real estate investment ecosystem.
Overall, Arnya Realestates Fund Advisors PMS represents a niche, high-conviction investment avenue tailored for high-net-worth investors looking to gain professionally managed exposure to India’s real estate sector. Its combination of experienced leadership, focused strategy, and institutional approach positions it as a promising player in the evolving alternative investment and PMS landscape in India.
Founder & CEO
Sharad Mittal is the Founder and CEO of Arnya Real Estate Fund Advisors, a real estate–focused AMC offering investment solutions across the capital stack—debt, equity, and rental yield. A seasoned real estate professional, he brings extensive expertise in investments, fund-raising, and divestments across asset classes, with deep insights gained from navigating multiple real estate cycles and leading several successful fund-raising initiatives. Prior to founding Arnya, he served as the CEO of the Real Estate Private Equity business at MO Alternates for over a decade, where he built the platform from the ground up to an AUM exceeding INR 7,500 crore. Earlier, he held key roles at ICICI Prudential AMC, ICICI Bank, ASK Group, and FirstRand Bank. Sharad is an active member of several leading industry bodies and forums and is widely recognized for his thought leadership in the real estate investment sector.
1104 Tower 2 Crescent Bay Jerbai Wadia Road Parel, Mumbai, Maharashtra 400012 SEBI Reg. No.: IN/AIF2/25-26/1850