Pantomath’s The Wealth Company launches Rs 2,000 crore Bharat Bhoomi Fund

As India’s infrastructure-led growth cycle gathers pace and real estate emerges as a preferred play for institutional capital, The Wealth Company Asset Management Pvt Ltd—part of Mumbai-based Pantomath Group—has launched a new Rs 2,000-crore fund aimed at capturing value across physical assets with tangible upside.

The Bharat Bhoomi Fund marks the firm’s expansion into real estate investing under the broader Bharat Value Fund (BVF) umbrella. The vehicle is structured as a Category II alternative investment fund (AIF) with a Rs 1,000-crore base corpus and an additional Rs 1,000-crore greenshoe option, offering institutional and family office investors exposure to yield-generating land-based and infrastructure assets across India’s growth corridors.

The Bharat Bhoomi Fund is the fifth in the BVF series and represents a shift in strategy for The Wealth Company, which previously concentrated on pre-IPO investment opportunities via its earlier Bharat Value Fund initiatives. Those were managed under the India Inflection Opportunity Trust (IIOT) and targeted late-stage enterprises with public-market potential. The new fund, in contrast, aligns with what the firm calls “real assets with real outcomes,” building upon India's transformation in infrastructure, digital services, and sustainability-linked sectors.

Leading the Bharat Bhoomi Fund is Rakesh Kumar, whose real estate credentials span more than 50,000 transactions and senior stints at Shell, Walmart, and Reliance. He is joined by Bhavya Bagrecha, who brings experience in managing institutional real estate deals exceeding Rs 2,500 crore and is credited with pioneering India’s first REIT-style structure under SEBI’s VCF regulations.

The advisory board includes Peter Sharp, former head of Walmart’s real estate operations in Asia, with over 35 years of international experience.

The fund has been launched with a pipeline of approximately 1,200 acres spread across six identified projects. It will primarily focus on ready-to-launch assets—plots and developments where regulatory clearances are in place and which can be activated quickly for value creation. The approach leans on regulatory readiness, land title clarity, and shorter exit timelines to manage capital prudently.

According to the fund’s mandate, capital will be deployed across a mix of economic and lifestyle segments. These include data centres, warehousing, hospitality hubs, and renewable energy parks—sectors that are fast gaining traction in India’s digital and green transition. Residential and lifestyle segments are also a key part of the strategy, with an emphasis on plotted villas, mixed-use developments, and mid-to-premium housing options across metro cities such as Mumbai Metropolitan Region (MMR), National Capital Region (NCR), Pune, Bengaluru, Chennai, and Hyderabad.

Additionally, the fund will explore investments in infrastructure-led corridors, peri-urban zones, and satellite townships that are gaining prominence with upcoming transportation and connectivity projects.

“The demand for real assets with real outcomes has never been higher,” said Madhu Lunawat, founder and director of The Wealth Company Asset Management. “Bharat Bhoomi Fund allows meeting that demand with discipline, data, and domain expertise. The Wealth Company’s investment ethos is now extending confidently into India’s real estate space—with conviction and clarity.”