Nisus Finance has announced a successful exit from Project High Cliff, a late-stage residential development in Bellandur, Bengaluru, generating a 23 per cent internal rate of return over two years through its Real Estate Special Opportunities Fund-1 (RESO-1). The investment was executed via rated, listed non-convertible debentures and formed part of RESO-1’s strategy of deploying structured capital into high-potential projects requiring timely intervention.

The infusion of structured credit helped stabilise the project at a critical stage, enabling it to overcome approval delays and accelerate execution. Nisus Finance stated that the outcome demonstrates RESO-1’s approach of de-risking projects while delivering consistent, risk-adjusted returns over short to medium tenures.

Company Quote: “High Cliff is the kind of special situation where structured capital creates outsized value. Our investment provided the governance, stability and alignment needed to accelerate execution, and the exit highlights the strength of RESO-1’s strategy in identifying high-value opportunities,” said Avadhoot Sarwate, CIO & Director, Nisus Finance.

Project High Cliff is being developed by Hiren Wahen Group, led by Narendra Babu Kalahasti, and spans 1.4 acres with a saleable area of about 2.4 lakh sq ft across 196 units targeted at affordable and mid-income buyers. Located in Bellandur, a major residential micro-market near Bengaluru’s technology hubs, the project features contemporary design, sustainable elements and a Platinum Rated Green Building certification.

The exit reinforces the expanding role of private credit in India’s real estate sector, where an estimated USD 15-billion funding gap persists due to restrictions on traditional lending for land acquisition and certain working capital needs. Alternative investment platforms such as Nisus Finance are increasingly stepping in with flexible, structured capital to stabilise projects and support timely completion.