North India’s leading developer, TREVOC Group, has entered into a strategic partnership with Canonicus Capital and launched a ₹500 crore last-mile funding and execution platform to accelerate the completion of near-completion real estate projects across the National Capital Region (NCR). The platform’s prime focus will be on revival and timely delivery of projects that are constrained by execution bottlenecks and last-mile liquidity gaps.
This funding platform addresses one of NCR’s most persistent challenges: projects that are structurally sound and demand-backed, yet delayed due to fragmented execution frameworks, contractor inefficiencies, and constrained working capital. Under the partnership, TREVOC Group will assume responsibility for on-ground execution, construction management, governance, and delivery timelines, while Canonicus Capital will provide structured institutional capital support.
“Near-completion projects are not resolved by capital alone. What they require is strong execution systems, governance frameworks, and accountability at every level. This platform has been designed to combine disciplined capital with a structured execution model, enabling faster closures, better stakeholder coordination, and predictable delivery outcomes,” said Gurpal Chawla, Founder, TREVOC Group.
“Last-mile funding works best when capital deployment is backed by robust controls, transparency, and clear execution responsibility. The partnership with TREVOC allows us to deploy capital through a clearly defined operating framework, ensuring that funds are utilised efficiently while project milestones, governance standards, and buyer interests remain firmly protected,” said Rajan Gupta, Executive Director, Canonicus Capital.
The platform has already evaluated a pipeline of near-completion residential & mixed-use projects with clean titles, strong underlying demand, and high completion readiness, and is actively engaging with additional projects and developers across NCR to expand the deployment pipeline. Canonicus Capital has committed up to ₹125 crore for the first phase, with the overall platform expected to scale up to ₹500 crore across Delhi-NCR over the next few years.
TREVOC Group’s mandate will cover end-to-end project stewardship, including contractor optimisation, milestone-based execution planning, cost management, vendor restructuring, structured stakeholder communication, and the design and implementation of sales and marketing frameworks to support faster inventory absorption and liquidity cycles.
With Delhi-NCR continuing to exhibit strong demand fundamentals driven by infrastructure investments, employment growth, and urbanisation, delayed projects in the region have largely been a result of execution challenges rather than lack of end-user demand. The platform therefore aims to create a scalable and replicable model for last-mile project resolution by combining execution capability with institutional capital discipline.
The initiative is expected to facilitate faster project completion, restore buyer confidence, unlock trapped capital, and create sustainable value for all stakeholders including homebuyers, lenders, developers, and investors.
About TREVOC Group
Backed by a legacy of over 75 years, TREVOC Group is an NCR-based real estate development and execution company focused on residential and commercial assets. As a developer, TREVOC plans to develop nearly 5 million sq ft of residential space, about 1 million sq ft of retail and office assets, and 75–100 acres of plotted developments in tier-2 cities over the next three years. The Group has recently launched an ultra-luxury project, TREVOC Royal Residences on Golf Course Road, Gurugram. The 27-storey development comprises 172 residences anchored by a panoramic skydeck, a high-spec clubhouse, and thoughtfully designed layouts. TREVOC is also expanding into emerging northern belt markets including Sohna, Sonipat, Kundli, Panipat, and Karnal.
About Canonicus Capital
Canonicus Capital is a private equity firm specialising in special situations and last-mile real estate financing. The firm follows a structured, data-driven investment approach focused on resolving execution bottlenecks while delivering stable, risk-adjusted returns across real asset portfolios. Recently, the firm closed a dedicated ₹200 crore private equity fund targeting high-potential NCR real estate opportunities, including last-mile completion financing.
