Mumbai, 22 September 2026: Dhanraj Group, a Navi Mumbai based real estate development company with a legacy spanning nearly four decades, has entered into an exclusive Memorandum of Understanding (MoU) with Bharat Value Fund Series V (Bharat Bhoomi Fund), managed by The Wealth Company Alternates Trust, part of the Pantomath Group, to jointly develop nearly 31 acres of premium plotted residential communities across three projects in Karjat, Khalapur and Khopoli.
Under the proposed partnership, the parties will be investing approximately ₹75 crore to support the development of the three projects. Collectively, the developments are expected to generate a Gross Development Value (GDV) exceeding ₹500 crore.
The partnership marks a significant step in Dhanraj Group’s expansion across the rapidly emerging Mumbai 3.0 growth corridor, as infrastructure development continues to reshape the residential landscape beyond traditional Mumbai and Navi Mumbai markets.
The three projects are strategically positioned to benefit from major infrastructure developments including the Navi Mumbai International Airport, Mumbai Pune Expressway Missing Link, JNPT Chowk Corridor and the Panvel Karjat suburban rail extension. These connectivity-led developments are expected to strengthen accessibility across the region and support the emergence of new residential and lifestyle destinations.
For Dhanraj Group, the partnership brings together its four-decade legacy and local development expertise with institutional capital and a structured investment platform. The Group has delivered more than 28 projects across residential, commercial and hospitality segments and has built its presence through an understanding of evolving consumer requirements, local markets and execution dynamics.
The collaboration will focus on developing premium plotted residential communities designed around the growing demand for second homes, integrated living and lifestyle-led residential destinations in infrastructure-connected peripheral markets.
Commenting on the partnership, Dhanraj Group, said, “Mumbai’s growth is entering a new phase, with infrastructure creating new residential and economic corridors beyond the traditional boundaries of the city. Karjat, Khalapur and Khopoli are emerging as important destinations within this transition, and we see significant potential in creating well-planned plotted communities that combine connectivity, lifestyle and long-term value.
Our partnership with Bharat Value Fund Series V brings together Dhanraj Group’s development experience and deep understanding of the region with institutional capital and a disciplined investment approach. This enables us to scale our presence in Mumbai 3.0 while maintaining the execution standards and customer-centric approach that have defined Dhanraj Group for nearly four decades. We look forward to creating landmark communities that are relevant to the next generation of homebuyers and investors.”
The partnership is also aligned with the broader evolution of plotted residential development in India, where demand is increasingly being supported by infrastructure expansion, improved connectivity, second-home demand and the emergence of integrated communities across peripheral urban corridors.
Bharat Value Fund Series V is a Category II Alternative Investment Fund with a target corpus of ₹1,000 crore and an additional green shoe option of ₹1,000 crore. The Fund focuses on equity investments in plotted residential developments across infrastructure-led corridors in Mumbai MMR, Pune, Bengaluru, Chennai and Hyderabad.
For Dhanraj Group, the partnership represents an opportunity to leverage its established development platform and local market expertise to participate in the next phase of Mumbai Metropolitan Region’s growth, while creating professionally planned residential destinations across some of the region’s emerging micro-markets.