Yadav's claim is that Indian real estate was never short of capital — it was short of governance. Banks began funding the sector around 2003-04, were replaced by NBFCs after the NPA crisis of 2012-13, and the NBFC blow-up of 2018 exposed a business whose asset-liability mismatch had quietly been financed by homebuyers' advances, a source that has thinned considerably. What remains is ₹2.5 trillion of stressed loans, ₹90,000 crore of it stuck in court. Integrow's answer is to sell capital the way software is sold: a structured mix of equity, mezzanine and debt from a Category II fund, wrapped in the sister products of Aurum PropTech, which holds about 49% — a mandated CRM that exposes inventory and pricing in real time, a broker platform of 3,500-plus that halves distribution cost, a services arm that chases fulfilment and recovery. The bundle, he says, makes a developer three to four times more efficient and compresses a three-to-nine-month deal evaluation to fifteen or thirty days. The harder argument is the sorting one. Of the three mistakes developers make — reactive execution that misses timelines, no ring-fencing between projects, and treating governance and risk as luxuries — the second alone stalled seventy percent of stuck projects over the last decade and a half, and he expects at least half the builders in the five-to-fifteen-project band to go out of business. Underneath sits a macro bet: India at $1,500 per capita and a triple-B-minus rating, four notches away from where $6,000 would put it, with real-estate consumption rising five to six times if the country simply stays the course.
Worth your time if you are
Mid-sized developers stuck between five and fifteen projects
Structured-credit teams pricing real-estate risk
Proptech founders selling a single-point solution
Investors waiting for India's REIT market to widen
Retail buyers offered guaranteed returns on fractional property
