Growth and Special Situations:
Equity Investing in Real Estate

Growth Investing

Lapis pursues an opportunity driven investment strategy focused on high-growth property segments that benefit from income growth and shifting demographics in India. Lapis focuses on providing equity capital, enabling it to partner with developers and unlock value in both platform and portfolio situations. Our experienced team has access to attractive opportunities at scale that meet risk-reward thresholds for western institutional investors. We develop differentiated perspectives and believe that exceptional returns come from continuous learning, original thinking, disciplined research, and hands-on execution.

Lapis seeks to provide equity capital for

  • Funding in-fill land purchase and approvals
  • Growth at entity level
  • De-leverage at entity level
  • Last-mile project completion

Special Situation Investing

The Special Situation strategy targets temporarily stressed but fundamentally sound real estate projects where capital constraints or developer financial distress have stalled progress. By deploying structured equity and preferred capital, Lapis partners with experienced operators to execute balance‐sheet resets, operational turnarounds, and refinance solutions. This approach captures attractive upside from revitalization by steadily unlocking value through completion financing, lease‐up acceleration, and strategic asset management.

Lapis participates in special situations by solving for

  • Partnership issues between shareholders
  • Leverage related issues in property
  • Execution delays in property
  • Acquisition from bankruptcy courts