Private equity firm Canonicus Capital has joined hands with NCR-based real estate company Trevoc Group to create a ₹500 crore funding and execution platform aimed at reviving and completing stalled real estate developments throughout the NCR.

The newly formed platform will focus primarily on projects that are close to completion but have been delayed due to cash flow constraints, operational challenges, or lack of structured execution support. The initiative is designed to provide both financial backing and on-ground management to ensure faster delivery of long-pending developments.

According to a statement released by the companies, the platform has already identified a pipeline of near-completion residential and mixed-use projects that have clear titles, strong market demand, and high readiness for completion. Discussions are also underway with additional developers and projects across the NCR to further expand the portfolio.

Canonicus Capital has committed up to ₹125 crore for the first phase of the platform, with plans to scale up the total investment to ₹500 crore over the coming years.

The platform aims to address one of the biggest challenges facing the NCR real estate market, projects that are fundamentally viable but stuck due to fragmented execution, contractor inefficiencies, and working capital shortages.

Under the partnership structure, Trevoc Group will take charge of project execution, construction management, governance, and adherence to delivery timelines. Canonicus Capital, on the other hand, will provide structured financial support to bridge last-mile funding gaps.

The companies said the platform is designed to tackle a long-standing challenge in the NCR market, projects that have strong fundamentals and buyer demand but remain delayed due to execution gaps and limited working capital.

Gurpal Chawla, Founder of Trevoc Group, underscored the need for strong execution capabilities to successfully revive delayed projects. He explained that projects nearing completion cannot be fixed through funding alone and require structured processes, effective governance, and accountability at every stage. He added that the new platform has been designed to bring together disciplined capital and a well-defined execution framework to enable smoother coordination and timely project delivery.

Rajan Gupta, Executive Director of Canonicus Capital, highlighted that last-mile financing delivers the best results when supported by transparency and proper operational controls. He stated that capital deployment must be backed by clear oversight and defined execution responsibilities. According to him, the collaboration with Trevoc Group ensures that funds are utilised efficiently while protecting project schedules and the interests of homebuyers.

Trevoc Group is an NCR-focused real estate development and execution firm with expertise in delivering residential and commercial projects. Canonicus Capital is a private equity firm specialising in special situation investments and last-mile real estate financing.

Recently, Canonicus Capital also closed a dedicated ₹200 crore private equity fund focused on high-potential real estate opportunities in the NCR, particularly projects requiring completion funding.

The collaboration between the two firms is expected to bring renewed momentum to delayed projects, provide relief to homebuyers, and contribute to improved confidence in the NCR real estate market.

The partnership between Canonicus Capital and Trevoc Group marks a focused and structured attempt to address one of the NCR real estate market's biggest pain points, stalled but viable projects. By combining institutional funding with strong on-ground execution capabilities, the ₹500 crore platform aims to fast-track delayed developments and bring long-pending homes and commercial assets to completion. With a growing pipeline of near-completion projects already under evaluation, the initiative is expected to benefit developers, lenders, and homebuyers alike while restoring confidence in the NCR property market.