Dhanraj Group has signed an exclusive ₹75 crore memorandum of understanding (MoU) with Bharat Value Fund Series V, managed by The Wealth Company Alternates Trust, to jointly develop nearly 31 acres of plotted residential communities in Maharashtra.
The partnership covers three projects across Karjat, Khalapur and Khopoli, with a combined gross development value (GDV) of more than ₹500 crore.
The Navi Mumbai-based developer said the projects are aimed at the growing demand for plotted homes, second residences and lifestyle-led communities in areas benefiting from improved infrastructure.
The developments are located along what developers and investors are increasingly referring to as the “Mumbai 3.0” growth corridor — areas beyond the traditional Mumbai and Navi Mumbai markets that are gaining from new transport and infrastructure links.
Key projects expected to improve connectivity in the region include the Navi Mumbai International Airport, the Mumbai-Pune Expressway Missing Link, the JNPT Chowk Corridor and the Panvel-Karjat suburban rail extension.
Dhanraj Group, which has a presence spanning nearly four decades, has delivered more than 28 residential, commercial and hospitality projects, according to the company.
The partnership combines the developer’s local market and execution experience with institutional capital from Bharat Value Fund Series V, a Category II Alternative Investment Fund managed by The Wealth Company.
The fund has a target corpus of ₹1,000 crore, with an additional green-shoe option of ₹1,000 crore. It invests in plotted residential developments across infrastructure-led growth corridors in Mumbai Metropolitan Region, Pune, Bengaluru, Chennai and Hyderabad.
The latest deal comes as developers increasingly look beyond established urban centres for residential growth, with improved roads, airports and public transport opening up new markets.
The three projects are expected to benefit from the region’s expanding connectivity and growing interest in integrated and plotted residential communities. The companies said the developments will focus on planned communities catering to homebuyers seeking second homes and lifestyle-oriented residential destinations.
