NEW DELHI: TREVOC Group has joined forces with Canonicus Capital to establish a ₹500-crore funding and execution platform. This initiative aims to complete nearly finished residential projects in the National Capital Region (NCR).
The platform will start by deploying up to ₹125 crore, courtesy of Canonicus Capital in the initial phase, with ambitions to expand the fund to ₹500 crore in the coming years based on project needs.
The focus will be on projects that are struggling due to last-mile funding shortages and execution delays, an issue that continues to burden NCR’s residential market, even with improved demand in recent times.
Under this partnership, TREVOC Group will oversee project execution, including construction management and delivery supervision, while Canonicus Capital will provide structured institutional funding. The goal is to facilitate quicker completion and handover of projects that are largely built but face financial or operational roadblocks.
Gurpal Chawla, founder of TREVOC Group, stated that the platform is tailored to synchronize capital support with execution precision to mitigate delivery risks for near-completion projects.
