+
 Dalmia Nisus invests in realty projects in Chennai, B’luru
Real Estate

Dalmia Nisus invests in realty projects in Chennai, B’luru

Dalmia Nisus Finance had invested nearly Rs 80 crore in two real estate projects of Shriram Properties Limited and Puravankara Limited in Chennai and Bengaluru.

The company plans to invest Rs 125 crore in three more projects. Dalmia Nisus Finance Investment Managers Limited Liability Partner (LLP) has invested this Rs 125 crore from the company's Real Estate Credit Opportunities Fund - 1 (RECOF - 1).

The three investments are a part of RECOF - 1 of Rs 500 crore. It mostly invests in structured credit and mezzanine investments in real estate sectors across the country. RECOF - 1 announced its first closure in March 2020.

The first investment with Puravankara was for plot development in Chennai, and the second was for the Thanmathra Aquarella Private Limited community project, managed by Shriram Properties.

The project is named "Shriram Chirping Grove", a development managed by Shriram for Thanmanthra under a Development Management (DM) group.

The project is a gated community project in South Bengaluru, which was launched this year in May and has received a good response, with 40% of the current phase sold in less than three months.

Chairman and MD of Shriram Properties, M Murali, told the media that the partnership with Dalmia Nisus would accelerate the pace of their existing projects and sales.

The funding for the three projects is to close for Rs 125 crore in Mumbai, Pune and Bengaluru.

Image Source


Also read: Emami Realty to invest in new commercial project in Kolkata

Dalmia Nisus Finance had invested nearly Rs 80 crore in two real estate projects of Shriram Properties Limited and Puravankara Limited in Chennai and Bengaluru. The company plans to invest Rs 125 crore in three more projects. Dalmia Nisus Finance Investment Managers Limited Liability Partner (LLP) has invested this Rs 125 crore from the company's Real Estate Credit Opportunities Fund - 1 (RECOF - 1). The three investments are a part of RECOF - 1 of Rs 500 crore. It mostly invests in structured credit and mezzanine investments in real estate sectors across the country. RECOF - 1 announced its first closure in March 2020. The first investment with Puravankara was for plot development in Chennai, and the second was for the Thanmathra Aquarella Private Limited community project, managed by Shriram Properties. The project is named Shriram Chirping Grove, a development managed by Shriram for Thanmanthra under a Development Management (DM) group. The project is a gated community project in South Bengaluru, which was launched this year in May and has received a good response, with 40% of the current phase sold in less than three months. Chairman and MD of Shriram Properties, M Murali, told the media that the partnership with Dalmia Nisus would accelerate the pace of their existing projects and sales. The funding for the three projects is to close for Rs 125 crore in Mumbai, Pune and Bengaluru. Image Source Also read: Emami Realty to invest in new commercial project in Kolkata

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Infrastructure Opportunity Outlook by IMPACCT.Info

India’s infrastructure pipeline is witnessing dynamic activity across stages — from immediate bidding to future planning. IMPACCT segments these into three categories: Immediate, 3–6 Month, and Future Opportunities, enabling businesses to identify, prepare, and participate in high-value tenders and projects across sectors.To read full article Click Here ..

Next Story
Real Estate

Glass, Reframed!

Glass façades, quintessential aesthetic building envelopes globally, have been widely adopted in India as well. But when the focus is high-performance building systems that deliver energy efficiency, comfort and architectural identity, glass isn’t the only preference. Combination solutions, involving glass and some other material, improve façade outcomes. Some combinations come at comparable prices, some at a higher price. Here is a selection of performance-oriented solutions...To read the full story Click Here ..

Next Story
Infrastructure Urban

Beyond Building Faster

India’s cities are expanding at an unprecedented pace, bringing new infrastructure and development opportunities while also intensifying challenges around mobility, public spaces, liveability and supporting infrastructure. The question, therefore, is not simply whether India can build faster, but whether it can build cities that work better.At a CW webinar, Are We Designing Better Cities – or Just Building Faster?, moderator Ar. Samir Shaikh, Founding Principal, AR&UD Studio, brought together perspectives from design, development, master planning and technology...To read the full artic..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code