+
Nisus and BCD raise Rs 4.5 billion for first real estate fund
Real Estate

Nisus and BCD raise Rs 4.5 billion for first real estate fund

Real estate credit fund Nisus Finance, in partnership with its sponsor and strategic partner BCD Group, has raised Rs 4.5 billion for its debut fund. The firm aims to complete the final fundraising for its Real Estate Special Opportunities Fund-1 (RESO-1) by the end of the current financial year.

"We are in the process of raising an additional Rs 1.5 billion and have received a strong response from both existing and new investors. There is a growing need for last-mile construction finance, with many projects still stuck in the completion phase," said Amit Goenka, Managing Director and CEO, Nisus Finance.

Nisus Finance has already invested Rs 4.5 billion across four deals through RESO-1, managed by Nisus BCD Advisors LLP, with a total corpus of Rs 7 billion. Recent investments include Rs 600 million via listed non-convertible debentures in the late-stage residential development Project High Cliff in Bengaluru, and approximately Rs 1.05 billion in Shapoorji Pallonji Real Estate's subsidiary, Suvita Real Estate, for a 12.16-acre land parcel in Pune's Manjari-Budruk locality.

The fund focuses on investing in mid-income, affordable housing, and plotted development projects, aiming to unlock value through capital in a special situation fund. "The fund targets an internal rate of return of 18-22% over a five-year period, with the option to extend for an additional two years. It focuses on generating substantial alpha while ensuring a well-mitigated risk profile and sufficient asset backing," Goenka added. (ET)

Real estate credit fund Nisus Finance, in partnership with its sponsor and strategic partner BCD Group, has raised Rs 4.5 billion for its debut fund. The firm aims to complete the final fundraising for its Real Estate Special Opportunities Fund-1 (RESO-1) by the end of the current financial year. We are in the process of raising an additional Rs 1.5 billion and have received a strong response from both existing and new investors. There is a growing need for last-mile construction finance, with many projects still stuck in the completion phase, said Amit Goenka, Managing Director and CEO, Nisus Finance. Nisus Finance has already invested Rs 4.5 billion across four deals through RESO-1, managed by Nisus BCD Advisors LLP, with a total corpus of Rs 7 billion. Recent investments include Rs 600 million via listed non-convertible debentures in the late-stage residential development Project High Cliff in Bengaluru, and approximately Rs 1.05 billion in Shapoorji Pallonji Real Estate's subsidiary, Suvita Real Estate, for a 12.16-acre land parcel in Pune's Manjari-Budruk locality. The fund focuses on investing in mid-income, affordable housing, and plotted development projects, aiming to unlock value through capital in a special situation fund. The fund targets an internal rate of return of 18-22% over a five-year period, with the option to extend for an additional two years. It focuses on generating substantial alpha while ensuring a well-mitigated risk profile and sufficient asset backing, Goenka added. (ET)

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code