Address Maker, a leading real estate developer based in Bengaluru, has announced a Rs.200 crore strategic financing partnership with AI Growth, the holding company of Jiraaf. The arrangement is designed to accelerate Address Maker’s growth plans by providing flexible capital for land acquisitions, joint development agreements (JDAs), and project funding needs.
The partnership combines Address Maker’s proven execution track record with AI Growth’s disciplined capital deployment strategy. By offering a rolling capital framework, Jiraaf’s affiliates enable Address Maker to act swiftly on high-potential, time-sensitive opportunities, strengthening its pipeline and market presence.
Khushru Jijina of Address Maker said: “We are delighted to partner with a Group that is aligned with our philosophy of disciplined and responsible growth. This partnership gives us the financial agility to accelerate our next phase of growth in Bengaluru and marks an important step as we plan to expand into new markets like Mumbai.”
Address Maker has already delivered 6.7 million sq. ft. across residential apartments, villas, commercial spaces, and plotted developments in Bengaluru, with an additional 5.2 million sq. ft. under development. The new financing arrangement is expected to provide the company with reliable access to capital, ensuring confidence in pursuing strategic opportunities.
Vineet Aggarwal, Co-founder of Jiraaf, added: “We are excited to work with Address Maker, a developer that stands out for its transparency, professionalism, and execution strength. While Jiraaf continues to operate strictly within its regulated framework as a SEBI-registered Online Bond Platform, it is encouraging to see our holding company and affiliates extend structured capital solutions to high-quality partners such as Address Maker.”
For Address Maker, the partnership represents a significant step toward financial agility and market expansion, while for Jiraaf and its affiliates, it underscores their commitment to collaborating with transparent, well-governed real estate platforms. Together, the alliance signals a strong vote of confidence in Bengaluru’s property market and sets the stage for broader growth in India’s real estate sector.
