Nisus Finance Invests in Surat

21 Jun 2024 CW Team

The investment by Nisus Finance highlights its strategic focus on the affordable housing segment, which has seen a surge in demand due to urbanization and the need for economically viable residential options. This move aligns with the government's push towards housing for all and reflects the company's proactive approach to contributing to the nation's housing goals. The funds will be utilized to develop residential units that meet the affordability criteria, ensuring that more people have access to quality housing within their financial reach.

Surat, known for its rapid urban growth and industrial significance, presents a promising market for affordable housing projects. The city's expanding population and the influx of workers have created a pressing need for affordable residential spaces. Nisus Finance's investment is poised to tap into this potential, providing a boost to the local real estate market and supporting the city's urban infrastructure development.

The affordable housing project in Surat is set to offer modern amenities and facilities, ensuring a comfortable living experience for its residents. This investment not only contributes to the city's real estate landscape but also supports economic growth by creating jobs and stimulating related industries. As the project progresses, it is expected to set a benchmark for affordable housing developments in the region.

Nisus Finance's Rs 155 crore investment in Surat's affordable housing project exemplifies its commitment to fostering sustainable urban development and addressing the housing needs of the population. This strategic move is anticipated to have a positive impact on the real estate sector, driving growth and enhancing the quality of life for many prospective homeowners.

Nisus Finance has invested Rs 155 crore in an affordable housing project in Surat, aiming to address the growing demand for affordable residential units in the region. This significant investment underscores the company's commitment to supporting urban development and providing financial services to the real estate sector. The project, strategically located in Surat, is expected to cater to the increasing market demand for affordable homes, benefiting numerous homebuyers looking for cost-effective housing solutions. The investment by Nisus Finance highlights its strategic focus on the affordable housing segment, which has seen a surge in demand due to urbanization and the need for economically viable residential options. This move aligns with the government's push towards housing for all and reflects the company's proactive approach to contributing to the nation's housing goals. The funds will be utilized to develop residential units that meet the affordability criteria, ensuring that more people have access to quality housing within their financial reach. Surat, known for its rapid urban growth and industrial significance, presents a promising market for affordable housing projects. The city's expanding population and the influx of workers have created a pressing need for affordable residential spaces. Nisus Finance's investment is poised to tap into this potential, providing a boost to the local real estate market and supporting the city's urban infrastructure development. The affordable housing project in Surat is set to offer modern amenities and facilities, ensuring a comfortable living experience for its residents. This investment not only contributes to the city's real estate landscape but also supports economic growth by creating jobs and stimulating related industries. As the project progresses, it is expected to set a benchmark for affordable housing developments in the region. Nisus Finance's Rs 155 crore investment in Surat's affordable housing project exemplifies its commitment to fostering sustainable urban development and addressing the housing needs of the population. This strategic move is anticipated to have a positive impact on the real estate sector, driving growth and enhancing the quality of life for many prospective homeowners.

Building Material

18 Sep 2025

Ambuja Cements Drags JSW Cement to Court Over ‘Kawach’ Brand

Ambuja Cements, part of the Adani Group, has filed a trademark infringement case against JSW Cement in the Delhi High Court, alleging that its rival copied the ‘Kawach’ brand with its new product ‘Jal Kavach’.Justice Manmeet Pritam Singh Arora issued summons to JSW Cement and its subsidiary, JSW IP Holdings Pvt Ltd, while referring the matter to mediation. Hearings are scheduled to resume on October 15 if no settlement is reached.Ambuja, which registered the ‘Kawach’ trademark in 2019, argues that the term ‘Kavach’—meaning shield—is the distinctive feature of its branding. ..

Technology

18 Sep 2025

Bentley Systems Named Innovation Partner of the Year 2025 by Afcons

Bentley Systems, the infrastructure engineering software company, has been recognised by Afcons Infrastructure Limited as its Innovation Partner of the Year 2025 at the Innovation Partners 2025 Felicitation Ceremony in Mumbai. The award acknowledges Bentley’s contribution to Afcons’ engineering digitalisation journey through an enterprise agreement providing access to over 250 Bentley engineering software tools. This adoption has enabled Afcons to accelerate project delivery, standardise digital workflows, and strengthen innovation across its infrastructure portfolio. Among key i..

Infrastructure Urban

18 Sep 2025

SBI Sells 13.18% Stake in Yes Bank to Japan’s SMBC

State Bank of India (SBI) has completed the sale of a 13.18 per cent stake in Yes Bank to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) for over Rs 8,889 crore. The divestment is part of a Rs 13,482 crore deal finalised in May with SMBC and seven private banks.Following the transaction, SBI’s shareholding in Yes Bank stands at 10.8 per cent. The deal, involving 4,134.4 million shares at Rs 21.50 each, is the largest cross-border transaction in the Indian banking sector.SBI Chairman C S Setty described the 2020 RBI-led rescue of Yes Bank as a pioneering public-private partnership, addi..