FractoProp Receives SEBI Registration for Ridhama Real Estate Fund

Mumbai, March 16, 2026:

FractoProp, a specialized fund management firm, has received official registration from the Securities and Exchange Board of India (SEBI) for its Ridhama Real Estate Fund. Operating as a Category II Alternative Investment Fund (AIF), the new vehicle is designed to provide institutional and sophisticated investors with access to structured opportunities within the evolving Indian property market, the company said in a press statement.

The Ridhama Real Estate Fund is targeting an initial corpus of ₹50 crore, featuring a greenshoe option of up to ₹75 crore that could bring the total fund size to ₹125 crore. The fund’s primary strategy centers on structured credit and equity investments within high-growth micro-markets of the Mumbai Metropolitan Region (MMR). Specifically, the firm intends to target mid-income and premium residential and commercial projects, typically deploying between ₹10 crore and ₹12 crore per development to support partners with strong fundamentals.

In a statement regarding the regulatory milestone, Dhaval Thakkar, Sponsor of the Fund, highlighted the shifting dynamics of property financing. “Over the past few years, we have seen increasing demand for structured sources of capital in the real estate sector, particularly for projects in high-growth urban micro-markets,” Thakkar noted. He added that the new SEBI registration “allows us to take a more structured approach to these opportunities by investing in well-evaluated developments and partnering with credible developers.”

The fund is backed by the R.D. Brothers Group, a diversified real estate entity with over twenty years of experience in asset monetization and land acquisition across Maharashtra, Gujarat, and West Bengal. By leveraging this heritage, FractoProp aims to maintain a risk-conscious approach supported by robust collateral structures. The firm remains focused on an integrated investment model that prioritizes governance and transparency for its partners, including family offices and high-net-worth individuals (HNIs). Latest News