Certus Capital closed H1 CY2026 with over ₹1,000 crore in real estate credit commitments, with NCR taking the largest share at 37%, alongside a first close of ₹75 crore for its new secured debt AIF.
Certus Capital, a Mumbai-headquartered institutional asset manager focused on secured real estate private credit, closed the first half of CY2026 with total commitments exceeding ₹1,000 crore, deployed across residential, commercial and mixed-use projects. This isn't equity chasing upside, it's structured credit, lending against real assets with governance built in from the start.
The geographic split is worth sitting with. NCR took the largest share at 37% of total commitments, ahead of Hyderabad at 26%, and Mumbai and Chennai at 19% each. Among the deals contributing to that NCR figure was a fresh ₹275 crore commitment to a Gurugram project on Dwarka Expressway, specifically chosen for its strong connectivity to both Delhi and Gurugram's central business districts. That's a meaningful vote of confidence in a corridor we've already tracked extensively, one where DLF, Sobha, M3M and Oberoi Realty have all been active recently.
Ashish Khandelia, Founder of Certus Capital, framed the milestone as validation of a deliberately unstandardised approach: "The ₹1,000+ crore commitment is a strong validation of the trust our developer partners and investors place in Certus Capital. Real estate private credit cannot be standardised; it must be engineered. As we move into the second half of the year, we remain committed to that same discipline, underwriting rigorously, structuring carefully, and scaling responsibly."
Alongside its direct deal commitments, Certus Capital announced the first close of the Certus TFCI Real Estate Fund, a Category II Alternative Investment Fund built specifically around secured real estate debt. The fund carries an institutional commitment of roughly ₹75 crore from Certus Capital, including its own team, and TFCI as sponsor and anchor investor. Structured for diversified exposure with continuous capital deployment, it's built as a long-term income vehicle rather than a one-time deployment, giving Certus a repeatable structure to keep backing developers beyond individual deal-by-deal commitments.
Founded in 2018 and operating under both SEBI Category II AIF and RBI NBFC licences, Certus has built up over ₹10,000 crore in transaction experience to date, having committed more than ₹2,500 crore in secured debt across 20-plus transactions, with 8 complete exits delivering roughly 15% net IRR to investors. The firm has also advised on close to ₹8,750 crore in transactions for global institutions including Oaktree, Cerberus and Bain Capital, and serves an investor base of roughly 2,500 through its proprietary digital platform Earnnest, with 70% of investors coming back for repeat investments.
Given how much of Certus Capital's H1 commitments landed in NCR specifically, and the notable ₹275 crore bet on a Dwarka Expressway project, Hommea sees this as another confirmation of the institutional confidence we've tracked building across the corridor this year, from Golf Course Extension Road's construction boom to the string of large land acquisitions in Gurugram and Noida. Structured credit like this tends to matter most at the construction-financing stage, exactly the phase where projects either stay on schedule or start slipping, so it's worth keeping an eye on other micro-markets, as this kind of capital keeps flowing into the region.
