Nisus Finance Invests Rs 90 Crore in Hinjewadi Project

18 May 2026 CW Team

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.

Real Estate

04 Jul 2026

India Office Leasing Hits 43 Million Sq Ft in H1 2026: Cushman & Wakefield

India's office market recorded its strongest first-half leasing performance on record, with gross leasing volume (GLV) reaching approximately 43 million sq ft in H1 2026, a five per cent year-on-year increase, according to Cushman & Wakefield's Q2 2026 Office Market Beat Report.Global Capability Centres (GCCs) remained the key demand driver, leasing 16.5 million sq ft, up around 38 per cent year on year, accounting for 38 per cent of total office demand. Bengaluru led GCC leasing with 5.36 million sq ft, followed by Pune, Delhi-NCR and Mumbai.Flexible workspace operators also posted their ..

Window Magic Opens Luxury Fenestration Experience Centre

Window Magic has launched Window Magic Atelier, a luxury fenestration experience centre in New Delhi, alongside WM AURA, its new ultra-luxury range of aluminium window, door and façade systems developed in collaboration with a European architectural systems specialist.The experience centre has been designed as an interactive space for architects, developers, interior designers and homeowners to explore premium aluminium and uPVC fenestration solutions through curated display zones showcasing the company's latest products and design capabilities.The newly launched WM AURA range features alumin..

Peninsula Land Launches Villa Plot Project in Alibaug

Peninsula Land has launched Peninsula Estates, Alibaug ONE, an 11-acre plotted development offering 92 villa-ready plots in Alibaug, targeting homebuyers seeking low-density living within reach of Mumbai.The project offers plots ranging from 2,454 sq ft to 5,000 sq ft and is positioned around the concept of enabling buyers to build customised bungalows in one of the Mumbai Metropolitan Region's emerging growth corridors.According to the company, infrastructure projects such as the Mumbai Trans Harbour Link (Atal Setu), the upcoming Navi Mumbai International Airport, the Virar–Alibaug Multimo..