Pecan Realty Acquires Multiple Projects From Insolvency Banks In Transactions Valued At Over Rs 150 Crore
Mumbai, July 3, 2026: Real estate developer Pecan Realty has successfully acquired multiple projects from insolvency banks through four institutional transactions aggregating over Rs 150 crore over the last two years. The resolution of these critical transactions strengthens the company’s positioning as an execution-led real estate platform through resolution-led acquisitions, structured finance transactions, and capital partnerships, Pecan Realty said in a press release.
The transactions span resolution-led acquisitions through the National Company Law Tribunal (NCLT), effectively providing repayment and exits to both private and public sector lenders while demonstrating the company’s ability to resolve complex project situations, work closely with institutional stakeholders, and execute disciplined exits across its portfolio, Pecan Realty said in a press release.
One of the most significant transactions in this portfolio involved Pecan Yura, a Grade A commercial development off Juhu Circle on the Juhu-Versova Link Road in Andheri West, which features premium office spaces, retail outlets, and food and beverage destinations. Pecan Realty acquired the asset through the NCLT process following the approval of its resolution plan in May 2023. The company initially partnered with Certus Capital to provide an exit to ICICI Prudential Real Estate AIF, and subsequently fully exited Certus Capital in March 2026 through internal cash flows.
Additionally, the company completed its first debt closure with a public sector bank by taking over a loan secured against a stuck residential building property in Borivali West. Demonstrating its ability to efficiently resolve projects across a diverse lender base, Pecan Realty successfully delivered the building to its residents last quarter. Founded in 2012 by Rohit Garodia, Pecan Group is led by first-generation entrepreneurs and supported by a team of more than 150 professionals across its real estate and e-commerce businesses. The group has executed sales exceeding Rs 3,500 crore over the past five years and continues to strengthen its platform through disciplined execution, prudent capital deployment, and long-term value creation.
Commenting on the milestone, Rohit Garodia, Founder, Pecan Realty, said, “Over the past two years, we have remained focused on disciplined execution, responsible capital management and building long-term credibility with institutional partners. Whether through resolution-led acquisitions, debt closures or structured financing, every transaction has reinforced our commitment to timely execution and financial discipline. As we continue to expand our development portfolio, strengthening relationships with institutional capital providers will remain central to our long-term growth strategy. Building on these transactions, we hope to execute deals that are far more complex, unlock larger value and deliver successful outcomes on a bigger scale to our institutional stakeholders.”
As Pecan Realty continues to expand its footprint across the Mumbai Metropolitan Region and Thane, the company remains focused on creating long-term value through project turnaround, redevelopment, and execution. Moving forward, it aims to deepen partnerships with banks, NBFCs, and institutional investors to support its next phase of growth.
