Tag: DRA Homes

IndustryLatest Stories

DRA Homes and Yubi Launch ₹250 Crore Secured Debt Platform

NEW DELHI: DRA Homes has launched a strategic ₹250 crore secured debt platform in partnership with Yubi Group to enhance its land acquisition portfolio. This platform will consist of secured non-convertible debentures (NCDs), with funds earmarked solely for land acquisition. Ranjeeth Rathod, managing director of DRA Homes, stated, “This collaboration helps us to institutionalize our land sourcing strategy using secured, non-dilutive capital while ensuring balance-sheet discipline.” Aspero, an online bond platform provider, will facilitate DRA’s access to capital markets, enabling them to attract funds from a diverse investor base. Yubi will support the structuring, issuance, and distribution of the NCDs…

Latest StoriesResidential

DRA Homes Buys 4.38 Acres in Chennai for ₹50 Crore

Representative image NEW DELHI: DRA Homes, based in Chennai, has purchased 4.38 acres of land in Chembarambakkam along the Chennai–Bengaluru Highway for ₹50 crore (inclusive of stamp duty). Ranjeeth Rathod, the company’s managing director, stated, “Our Gold-rated Green building will integrate smart design, flexible living options, and community-focused amenities to create homes that meet the needs of India’s new generation of mobile professionals and families.” The residential project is set to include nearly one million square feet of mid-segment homes along with managed residential services for short-term stays, with an estimated sales potential of ₹650 crore. Published On Oct 22,…