Dhoni makes big move, invest huge amount in real estate sector, joins hands with…., to invest Rs….

This move shows Dhoni’s growing focus on strategic investments and his transition from cricketing legend to an entrepreneur.

Former Indian cricket captain Mahendra Singh Dhoni has entered into India’s real estate market through his family office, making a significant investment in SILA, a prominent real estate platform. The announcement was made on March 4, confirming the investment but did not disclose the exact amount.

SILA Real Estate Powerhouse

Founded in 2010 by brothers Rushabh and Sahil Vora, SILA is backed by Norwest Venture Partners and has rapidly expanded its presence in the Indian real estate market. The company manages over 200 million square feet of real estate across 125 cities in India and has facilitated transactions worth over Rs 16,000 crore for both domestic and global investors. Its services include facility management and real estate advisory.

This investment aims to help SILA boost growth, strengthen its network, and expand its footprint in India’s dynamic real estate sector.

Dhoni’s Interest in SILA’s Vision

Dhoni’s family office expressed admiration for the founders’ journey, highlighting their sports background as a foundation for their disciplined and visionary approach. Both Rushabh and Sahil Vora, former competitive squash players for India, have translated their sporting experiences into building teams and fostering leadership in the business world.

Sahil Vora, SILA’s founder, said, “Dhoni’s support is invaluable to us. Learning from him as an entrepreneur and leader is a privilege we deeply cherish.” Rushabh Vora, the co-founder, echoed these sentiments, noting that Dhoni’s backing strengthens their vision and ambition to scale new heights in the years ahead.

Dhoni’s Past Challenges With Amrapali Group

While Dhoni’s latest investment marks a fresh chapter in his business, it comes against his earlier controversial association with the Amrapali Group. In 2009, Dhoni endorsed the real estate firm in a Rs 16 crore deal through Rhiti Sports Management, which managed his contracts. However, the partnership didn’t go well when Amrapali defaulted on payments.

A forensic audit revealed mismanagement and fund diversion within Amrapali, leading to the suspension of its license by the Supreme Court in 2019. Dhoni had to file a petition in the Delhi High Court to recover unpaid dues.

Despite these past setbacks, Dhoni has decided to invest in SILA expanding his business interests.

SILA’s Vision For Future

With Dhoni’s support, SILA is poised to further solidify its position in India’s real estate market. The company’s leadership emphasized how this partnership reinforces their goals of scaling operations and delivering value to their clients and stakeholders.