Canonicus and Trevoc Launch ₹500 Crore Platform to Revive Stalled NCR Real Estate Projects

Stalled real estate projects have been a long-standing concern for homebuyers across the National Capital Region. Delays caused by funding gaps, weak execution, and governance challenges have left many projects incomplete despite strong demand. In a significant development, Canonicus Capital partners with Trevoc Group to address this issue through a focused funding and execution platform. The initiative aims to bring capital discipline and execution strength together to ensure faster and more reliable project completion across NCR.

Private equity firm Canonicus Capital, which specialises in last-mile real estate financing, has entered into a strategic partnership with TREVOC Group, a real estate development and execution company based in NCR. Together, they have launched a ₹500 crore platform focused on resolving stuck real estate projects that are close to completion but facing execution or liquidity constraints.

The newly launched platform has been designed to target projects that are structurally viable and backed by real demand but delayed due to limited working capital or fragmented construction processes. This real estate funding platform NCR aims to support near-completion residential and mixed-use developments. By focusing on last-mile funding rather than early-stage development, the platform seeks to reduce risk and improve delivery certainty for buyers and stakeholders.

Canonicus Capital has committed up to ₹125 crore in the first phase of the platform. Over the next few years, the platform is expected to scale up to ₹500 crore across Delhi-NCR. This phased approach allows careful capital deployment while maintaining strict governance controls. The 500 crore real estate platform for NCR projects reflects growing investor confidence in structured solutions for delayed developments rather than speculative real estate investments.

Under the partnership framework, Trevoc Group will be responsible for on-ground execution. This includes construction management, contractor coordination, governance oversight, and adherence to delivery timelines. The firm’s execution-led model is expected to address long-standing issues such as contractor inefficiencies and lack of accountability. This structure ensures that last mile real estate financing is supported by strong operational control rather than capital alone.

The platform has already evaluated a pipeline of near-completion projects across NCR. These projects typically have clean land titles, advanced construction status, and strong buyer demand. Active engagement with additional developers is underway to expand the deployment pipeline. This selective approach ensures that platform for stuck real estate projects in NCR focuses only on assets with high completion readiness and limited legal risk.

NCR has witnessed several stalled developments over the past decade, largely due to over-leveraging and weak execution systems. The partnership addresses this issue by combining institutional capital with disciplined execution frameworks. According to the partners, projects are often delayed not because of poor fundamentals but due to gaps in coordination and funding flow. This real estate revival platform is designed to close those gaps systematically.

A key feature of the platform is its emphasis on governance and transparency. Capital deployment will be linked to project milestones, ensuring funds are used strictly for construction and delivery. Clear accountability frameworks are expected to protect buyer interests and improve stakeholder confidence. Such safeguards are critical for restoring trust in NCR real estate and ensuring predictable outcomes for homebuyers.

Gurpal Chawla, founder of Trevoc Group, highlighted that near-completion projects require strong execution systems rather than capital alone. He emphasised that accountability and structured delivery models are essential for timely closures. Rajan Gupta, Executive Director at Canonicus Capital, noted that last-mile funding is effective only when backed by transparent controls and defined execution responsibility, reinforcing the platform’s disciplined approach.

The partnership reflects a broader shift in Indian real estate financing. Investors are increasingly focusing on completion capital instead of greenfield development. This reduces risk while delivering social and economic value by resolving delayed projects. The last mile funding platform for real estate NCR could serve as a model for similar initiatives in other stressed markets across India.

With regulatory improvements and rising end-user demand, NCR’s real estate market offers strong recovery potential. Platforms like this help unlock value trapped in delayed developments. If executed successfully, the initiative could improve delivery timelines, restore buyer confidence, and attract more institutional capital into structured real estate solutions.

Canonicus Capital and Trevoc Group have launched a ₹500 crore platform to revive stalled real estate projects across NCR. The initiative focuses on near-completion residential and mixed-use developments facing execution and liquidity challenges. Canonicus provides structured capital, while Trevoc manages execution and governance. With phased funding, strict controls, and buyer-focused delivery, the platform aims to address long-standing project delays and strengthen confidence in NCR’s real estate market.