Nisus Finance Invests Rs 90 Crore in Hinjewadi Project
Real Estate

Nisus Finance Invests Rs 90 Crore in Hinjewadi Project

Nisus Finance Services Co Limited announced an investment of Rs 90 crore (Rs 900 million, Rs 900 mn) through its Real Estate Special Opportunities Fund-I, known as RESO-I, in Realnet Ventures Private Limited, a wholly owned subsidiary of Paranjape Schemes (Constructions) Limited. The transaction forms part of the Blue Ridge township in Hinjewadi phase one and is positioned within a developed mixed-use enclave that underpins the financing rationale.

Blue Ridge spans 150 acres and comprises residential, commercial and institutional components, with 33 residential towers already delivered to more than 6,000 families. The township includes three special economic zones employing in excess of 35,000 IT professionals, schools, commercial establishments and township-level amenities such as a nine pocket golf course, basketball and tennis courts, which support sustained end-user demand in the micro-market.

The project is a residential apartment tower on 1.09 acres of conveyed land with a total saleable area of 0.402 million sq. ft. (0.402 mn sq. ft.). It comprises 188 units configured as three BHK units with an average area of 1,300 sq. ft. and four BHK units with an average area of 1,700 sq. ft. The project has a gross development value of about Rs 370 crore (Rs 3.7 billion, Rs 3.7 bn) and is expected to generate an operating surplus of approximately Rs 143 crore (Rs 1.43 billion, Rs 1.43 bn).

The investment was described by the manager as aligned with a disciplined, risk adjusted strategy that benefits from strong approval visibility, integrated infrastructure and steady end-user demand in Pune. RESO-I, managed by Nisus BCD Advisors LLP, is a Rs 1,700 crore (Rs 17 billion, Rs 17 bn) SEBI-registered alternative investment fund focused on structured credit for special situation real estate. Nisus Finance said the transaction supports selective portfolio building in high growth micro-markets and seeks to optimise capital protection while enabling project delivery.

Nisus Finance Services Co Limited announced an investment of Rs 90 crore (Rs 900 million, Rs 900 mn) through its Real Estate Special Opportunities Fund-I, known as RESO-I, in Realnet Ventures Private Limited, a wholly owned subsidiary of Paranjape Schemes (Constructions) Limited. The transaction forms part of the Blue Ridge township in Hinjewadi phase one and is positioned within a developed mixed-use enclave that underpins the financing rationale. Blue Ridge spans 150 acres and comprises residential, commercial and institutional components, with 33 residential towers already delivered to more than 6,000 families. The township includes three special economic zones employing in excess of 35,000 IT professionals, schools, commercial establishments and township-level amenities such as a nine pocket golf course, basketball and tennis courts, which support sustained end-user demand in the micro-market. The project is a residential apartment tower on 1.09 acres of conveyed land with a total saleable area of 0.402 million sq. ft. (0.402 mn sq. ft.). It comprises 188 units configured as three BHK units with an average area of 1,300 sq. ft. and four BHK units with an average area of 1,700 sq. ft. The project has a gross development value of about Rs 370 crore (Rs 3.7 billion, Rs 3.7 bn) and is expected to generate an operating surplus of approximately Rs 143 crore (Rs 1.43 billion, Rs 1.43 bn). The investment was described by the manager as aligned with a disciplined, risk adjusted strategy that benefits from strong approval visibility, integrated infrastructure and steady end-user demand in Pune. RESO-I, managed by Nisus BCD Advisors LLP, is a Rs 1,700 crore (Rs 17 billion, Rs 17 bn) SEBI-registered alternative investment fund focused on structured credit for special situation real estate. Nisus Finance said the transaction supports selective portfolio building in high growth micro-markets and seeks to optimise capital protection while enabling project delivery.

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement