Mumbai: Pecan Realty has completed multiple project acquisitions from insolvency banks through four institutional transactions with a cumulative value exceeding ₹150 crore over the past two years. The transactions mark the company’s continued focus on resolution-led acquisitions, structured finance and institutional capital partnerships as it expands its real estate platform.
According to the company, the acquisitions were executed through the National Company Law Tribunal (NCLT) process and involved providing repayment or exit opportunities to both private and public sector lenders. Collectively, the transactions reflect Pecan Realty’s approach to resolving distressed real estate assets, working alongside institutional stakeholders and executing project turnarounds.
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Among the key transactions was the acquisition of Pecan Yura, a Grade A commercial development located off Juhu Circle on the Juhu-Versova Link Road in Andheri West. The project comprises premium office spaces, retail outlets and food and beverage destinations.
Pecan Realty acquired the commercial asset through the NCLT process after its resolution plan received approval in May 2023. To facilitate the transaction, the company partnered with Certus Capital to provide an exit to ICICI Prudential Real Estate AIF. In March 2026, Pecan Realty also completed its exit from Certus Capital through internal cash flows.
The developer also concluded its first debt closure with a public sector bank by assuming the loan secured against a stalled residential building in Borivali West. According to the company, the residential project was successfully delivered to residents during the last quarter, demonstrating its ability to execute project resolutions across different categories of institutional lenders.
Founded in 2012 by Rohit Garodia, Pecan Group is led by first-generation entrepreneurs and employs a team of more than 150 professionals across its real estate and e-commerce businesses. The group said it has recorded sales exceeding ₹3,500 crore over the past five years while continuing to strengthen its business through disciplined execution, prudent capital deployment and long-term value creation.
Commenting on the milestone, Rohit Garodia, Founder, Pecan Realty, said, “Over the past two years, we have remained focused on disciplined execution, responsible capital management and building long-term credibility with institutional partners. Whether through resolution-led acquisitions, debt closures or structured financing, every transaction has reinforced our commitment to timely execution and financial discipline. As we continue to expand our development portfolio, strengthening relationships with institutional capital providers will remain central to our long-term growth strategy. Building on these transactions, we hope to execute deals that are far more complex, unlock larger value and deliver successful outcomes on a bigger scale to our institutional stakeholders.”
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As Pecan Realty expands its presence across the Mumbai Metropolitan Region and Thane, the company said it will continue to focus on project turnaround, redevelopment and execution while strengthening partnerships with banks, NBFCs and institutional investors to support its next phase of growth.
