Nisus Invests Rs 115 Cr in Mumbai & Pune Real Estate

Nisus Finance Services Co Limited, a top-tier manager of structured real estate credit funds, has announced an investment of Rs.115 crore through its Real Estate Special Opportunities Fund-I (RESO-I) into Kumar Vibe Properties Pvt Ltd (KVPPL). This is a 50:50 joint entity between Infrastructure-rich Kumar Properties, managed by Hitesh Jain, and Gopal Sarda, led Vibe Realty.

The investment will be ploughed into three major real estate projects: one of luxury residential development at Khar West, a mixed-use development in Goregaon West (both being in Mumbai), and a high-end housing development at NIBM, Pune. 

Key Highlights:

• Nisus Finance invests ₹115 Cr in Kumar Vibe's Mumbai and Pune projects
• Three developments target ₹1,100 Cr topline across Khar, Goregaon, and NIBM
• Focus on de-risked, high-growth urban redevelopment under DCPR 2034

The two Mumbai projects, developed under society redevelopment Regulation 33(7)(B) of DCPR 2034, will collectively generate 1.6 lakh sqft. of carpet area and Rs.400 crore in revenue. NIBM project, developed in the Unified DCPR framework, covers an area of 8 acres, providing 7.5 lakh sqft. and more than 750 residential apartments with a forecasted topline of Rs.700 crore.

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"This strategic investment is consistent with our thesis of targeting de-risked, cashflow-generative, and execution-ready real estate plays in growth-focused inner-city micro markets. We see society redevelopment, and specifically under DCPR 2034, as becoming the most scalable and sustainable model for inner-city regeneration." said a Nisus spokesperson

Collectively, topline of the three projects is over Rs.1,100 crore, reiterating RESO-I's emphasis on structured capital solutions in prime urban areas and supporting housing infrastructure in India's high-demand corridors.