IITL Projects Ltd has signed a strategic investment agreement to invest up to Rs 10 crore in a residential township project in Mathura, Uttar Pradesh. The deal entitles the company to a saleable area of 2,400 square yards with a guaranteed minimum return of Rs 12 crore. To mitigate risk, the company has secured original title deeds for the 3-acre project land and included a 16% interest clause on refunds in the event of a default by the landowners, Kaamag Private Limited and Maayin’s Real Estate Private Limited.
IITL Projects Enters Strategic Real Estate Investment in Mathura
Investment: Up to Rs 10 Crore | Expected Minimum Return: Rs 12 Crore
Reader Takeaway: Project execution and layout plan approval are the critical drivers for realizing the guaranteed Rs 12 crore return.
What just happened
IITL Projects Ltd has entered into a strategic investment agreement dated September 30, 2026, with Kaamag Private Limited and Maayin’s Real Estate Private Limited. The company will invest up to Rs 10 crore in a residential township project located on Surajmal Road, Mathura, Uttar Pradesh. In return, IITL Projects receives a saleable area of 2,400 square yards.
Financial and Operational Terms
The investment is structured to provide a minimum return of Rs 12 crore to the company. The landowners are mandated to earmark the company's designated area for sale between September 30, 2026, and March 31, 2028. The agreement sets a minimum price of Rs 50,000 per square yard for the earmarked units, ensuring the floor for capital appreciation.
Risk Mitigation and Security
To protect its capital, IITL Projects has secured the deposit of original title deeds for approximately 3 acres of the project land. Additionally, a strict default provision is in place: should the landowners fail to sell the area or meet the minimum return, the company holds the right to terminate the agreement and recover its principal investment plus interest calculated at 16% per annum.
Governance and Structure
IITL Projects clarified that this transaction does not involve any equity stake acquisition in the landowner companies. Furthermore, the company will not hold management rights, such as board representation or veto powers. The company confirmed that this transaction is not classified as a related party transaction under existing regulatory definitions.
What to track next
Investors should closely track the sanctioning of the project layout plan by the local authorities, which serves as the trigger for the land earmarking process and the subsequent sale phase.