DRA Homes and Yubi Launch ₹250 Crore Debt Platform for Residential Land Acquisition
1 day agoBusiness
43LENS
1 SourcesChennai, India
TBNthebalanced.news
DRA Homes and Yubi Launch ₹250 Crore Debt Platform for Residential Land Acquisition

DRA Homes has partnered with Yubi to establish a ₹250 crore secured debt platform, structured as Non-Convertible Debentures (NCDs), aimed at acquiring residential land. The platform, facilitated by online bond provider Aspero, will raise funds from various investors for DRA's land acquisition strategy. This initiative seeks to provide investors with asset-backed protection and predictable returns while enabling DRA Homes to secure capital without diluting equity.

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