Dalmia Nisus Finance invests in premium Indore project

17 Jul 2023 CW Team

Dalmia Nisus Finance Investment Managers LLP has invested over Rs 25 crore in a premium plotted development project of realty developer Treasure Group through its Real Estate Credit Opportunities Fund – I (RECOF-I).

The project, Treasure Hills, is being developed in Madhya Pradesh’s Indore and the investment has been made through the Rs 500 crore fund that primarily invests in structured credit and mezzanine investments across the residential space in India.

“This marks our foray into tier II cities and non-megapolis locations, which are witnessing unprecedented demand and offer huge upside and returns to our investment portfolio,” said Amit Goenka, MD & CEO of Nisus Finance. “With around 30 million sq ft residential and commercial development, Treasure Group is among Central India’s established property developers.”

The plotted development project is spread over 20 acres with a total sale potential of 4 lakh sq ft with an average area of 800 sq ft-1,200 sq ft for each plot.

“This investment will accelerate our project and unlock value for all stakeholders in a short period. Indore, as a fast-developing metro, holds huge potential for AIF funds with the surge in demand and high per capita GDP growth,” said Vinayak Kalani, CEO of Treasure Group.

Dalmia Nisus is the joint venture fund of Nisus Finance headed by industry veteran Amit Goenka and the Dalmia Group, headed by Gaurav Dalmia.

Treasure Group has developed residential townships and key commercial and retail assets in various micro markets of Indore. It has so far delivered projects spread over nearly 550 acres in Indore.

Nisus Finance Group manages several AIF funds including RECOF – I, an AIF Category – II fund, registered with SEBI. It is a real estate focussed fund that seeks to achieve superior, consistent, and risk-adjusted returns by making opportunistic medium-term structured investments in mid-income, affordable housing, and plotted development projects.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..