- REAL ESTATE CAPITAL ADVISORY · INDIA
Where capital meets real estate
NCS Capital Partners is an independent advisory firm connecting developers, landowners and investors with the right capital across investment sales, fund raising, structured debt and joint ventures.
Who we are
An independent, conflict-free real estate capital advisory firm. We do not manage a fund or hold inventory — our only mandate is to deliver the best outcome for our clients, across the full capital stack.
150M+ USD
ADVISED TRANSACTION VALUE
MANDATES EXECUTED
8
MARKETS COVERED
25 yrs+
COMBINED EXPERIENCE
TRANSACTION VALUE AS ADVISED · OTHER FIGURES ILLUSTRATIVE · AS OF 2026
ABOUT THE FIRM
An advisor at the intersection of capital and real estate
Independent advice. Decisive execution.
NCS Capital Partners advises developers, landowners, family offices and institutions on raising capital and executing real estate transactions across India. We originate, structure and run mandates end to end — from first conversation to close.
Because we are an advisor and not a fund, our incentives are aligned with one thing only: the right outcome for our client. We bring institutional underwriting, deep capital relationships and on-the-ground market knowledge to every engagement.
Our work spans residential, commercial, mixed-use and land — and the full capital stack, from senior debt to opportunistic equity.
FIRM TYPE
Capital advisory
COVERAGE
Pan-India
SECTORS
Residential · Commercial · Land
CAPITAL STACK
Debt · Mezzanine · Equity
ENGAGEMENT
Mandate-based
STANCE
Independent & conflict-free
WHAT WE DO
Capital advisory across the transaction lifecycle
A full suite of advisory services for developers, owners and investors in Indian real estate.
Investment Sales & Transaction Advisory
Buy-side and sell-side advisory on assets and portfolios positioning, marketing, negotiation and close.
Mezzanine
Portfolio deals
buy-side
Capital Raising — Equity & Debt
Connecting clients with institutional equity, banks, NBFCs, funds and family offices for project and platform capital.
Equity
Platform capital
Syndication+
Structured & Debt Finance
Construction finance, refinancing, mezzanine and last-mile funding structured to a project's cashflows.
Construction finance
Refinancing
Mezzanine
Joint Ventures & Structuring
Structuring JV, development-management and partnership arrangements between landowners, developers and capital.
JV / DM
Partnerships
Deal structuring
Land Advisory & Aggregation
Land transactions, title and feasibility support, and aggregation for development-ready opportunities.
Land deals
Aggregation
Feasibility
Investment & Portfolio Advisory
Strategy, portfolio reviews and capital-structure advice for investors and owners across cycles.
Strategy
Portfolio review
Capital structure
Type your paragraph here
We advise across the full capital stack
Whatever a project needs from the security of senior debt to the upside of equity we structure and source the right layer of capital.
— Opportunistic Equity
Highest return · Highest risk
— Structured Mezzanine
Yield + upside
- Senior Secured Debt
Capital preservation
Type your paragraph here
What clients value in working with us
Senior, principal-led advice discreet, independent and execution-focused.
Independent & conflict-free
We manage no fund and hold no inventory. Our advice serves your outcome, nothing else.
Whole of the capital stack
Equity, mezzanine, senior debt and structured solutions sourced and structured under one roof.
Deep capital relationships
Trusted access to institutional investors, banks, NBFCs, funds and family offices.
On-the-ground intelligence
Local underwriting and market knowledge across India's primary real estate markets.
Principal-led execution
Senior advisors run every mandate end to end, with discretion and pace.
Proven track record
USD 150M+ in advised transactions across sectors and the capital stack.
Track record
Selected engagements
A representative sample of mandates across capital raising, debt and transactions.
Equity raise
USD 28M
Growth equity for a residential platform.
Residential · Pune
Construction finance
USD 35M
Senior debt for a Grade-A office development.
Commercial · Bengaluru
Land & JV structuring
USD 42M
Landowner–developer joint venture for a mixed-use scheme.
Mixed-use · MMR
Refinancing
USD 24M
Refinancing of an existing residential project facility.
Residential · Hyderabad
Portfolio sale
USD 30M
Sell-side advisory on a commercial asset disposition.
Residential · Hyderabad
Mezzanine
USD 18M
Last-mile mezzanine funding to completion.
Residential · Hyderabad
REPRESENTATIVE ENGAGEMENTS SHOWN FOR ILLUSTRATION. SPECIFIC CLIENT AND DEAL DETAILS ARE CONFIDENTIAL.
Where we work
Active across India's deepest markets
Mumbai (MMR)
RESIDENTIAL · COMMERCIAL
Bengaluru
OFFICE · RESIDENTIAL
USD 42M
RESIDENTIAL
Hyderabad
RESIDENTIAL · COMMERCIAL
NCR
COMMERCIAL · RETAIL
Chennai
MIXED-USE · LAND
Ahmedabad
RESIDENTIAL
Kolkata
MIXED-USE · LAND
REPRESENTATIVE ENGAGEMENTS SHOWN FOR ILLUSTRATION. SPECIFIC CLIENT AND DEAL DETAILS ARE CONFIDENTIAL.
INSIGHTS
Our view on capital & real estate
CAPITAL MARKETS
Where institutional capital is flowing in Indian real estate
MAY 2026
DEBT MARKETS
Reading the refinancing window in residential development
APRIL 2026
TRANSACTION NOTE
How to structure a landowner–developer JV that holds up
MARCH 2026
REPRESENTATIVE ENGAGEMENTS SHOWN FOR ILLUSTRATION. SPECIFIC CLIENT AND DEAL DETAILS ARE CONFIDENTIAL.
LEADERSHIP
Meet the team
Senior advisors with decades across real estate capital markets, debt and transactions.
HS
Hitesh Shah
GROUP CEO
AS
Aagam Shah
CEO
RJ
Ravi Jain
VCFO
GET IN TOUCH
We advise across the full capital stack
Whatever a project needs from the security of senior debt to the upside of equity we structure and source the right layer of capital.
SCHEDULE A CALL
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REQUEST OUR CAPABILITY STATEMENT
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ALL CONVERSATIONS HELD IN STRICT CONFIDENCE