wsd

Investment Strategy

Residential Debt

WSB’s flagship residential debt platform provides structured financing to developers in India’s mid-income and affordable housing segments. The strategy focuses on supporting on-ground execution and strengthening project cash flows, enabling developments to progress efficiently and deliver lasting value.
By combining steady capital support with disciplined financial oversight, WSB has helped its partners deliver more than 25,000 homes across India’s key urban markets. Our approach emphasises project visibility, stable cash flows, and a strong focus on capital preservation. Escrow mechanisms, regular debt servicing, and transparent reporting have fostered a culture of accountability and institutional governance among our partners — ensuring consistency through different phases of the market.

Focused Housing
Segment

Investments in mid-income and affordable projects addressing genuine, long-term housing demand in India’s leading cities.

Strategic Use of
Capital

Structured financing for working capital, construction, or refinancing needs — ensuring financial closure and timely project delivery.

Cash-Flow
Discipline

Continuous asset monetisation through sales-linked receivables, enabling predictable cash flows and regular investor distributions.

Capital
Preservation

Built-in safety margins at entry, conservative underwriting, and structured protections designed to safeguard principal across market conditions.

Active
Oversight

Active engagement with developers to monitor progress, address challenges early, and maintain execution control.

Institutional
Governance

Use of escrow accounts, periodic servicing, and detailed reporting frameworks that promote transparency and governance.

Disciplined
Underwriting

Rigorous project-level cash-flow testing and bottom-up assessment of both asset quality and borrower credit profile.

Geographic
Focus

Focus on Tier I cities with selective exposure to established Tier II locations demonstrating strong housing fundamentals.

Our Funds

Our residential debt platform has evolved through four dedicated funds — each reflecting our consistent approach to structured capital, disciplined underwriting, and hands-on execution.

WSBREDF III

Investment Structure Senior Secured Debt


Strategy – Mid-income residential real estate


Vintage – 2024


Transactions – 8


Size – INR 1,000 Cr + INR 1,000 Cr 

Exits – 1

WSBREDF II

Partially Exited

Investment Structure Senior Secured Debt


Strategy – Mid-income residential real estate


Vintage – 2021

Transactions – 14

Size –~INR 866 Cr(Targeted) 

Exits – 7 + 7 partial

WSBREDF I

Closed

Investment Structure Senior Secured Debt


Strategy – Mid-income residential real estate


Vintage – 2018

Transactions – 10

Size – ~INR 341 Cr

Exits – 10

BRT

Closed

Investment StructureOpportunistic

Strategy – Residential real estate


Vintage – 2013

Transactions – 7

Size – ~INR 158 Cr

Exits – 7

Scroll to Top