Nisus Finance Invests Rs 900 Million in Hinjewadi Project
Real Estate

Nisus Finance Invests Rs 900 Million in Hinjewadi Project

Nisus Finance Services Co Limited has disclosed an investment of Rs 900 million (mn) through its Real Estate Special Opportunities Fund - I in Realnet Ventures Private Limited, a wholly owned subsidiary of Paranjape Schemes (Constructions) Limited. The investment relates to a residential project within Blue Ridge, a 150?acre township in Hinjewadi Phase one developed by Paranjape Schemes. The township already comprises 33 residential towers delivered to over six thousand families along with commercial and educational infrastructure.

Hinjewadi is described as one of Pune’s most established and high demand residential micro?markets, benefiting from proximity to major IT hubs, robust social infrastructure and strong connectivity to the city. The township hosts three special economic zones employing 35,000 IT professionals and provides township level amenities including a nine pocket golf course, basketball and tennis courts. These elements have supported sustained end user demand for housing in the locality.

The project is a residential apartment tower on one point zero nine acres of conveyed land with a total saleable area of 0.402 million (mn) sq. ft. It comprises 188 units configured as three BHK units averaging 1,300 sq. ft. and four BHK units averaging 1,700 sq. ft. The project has a gross development value of approximately Rs 3.7 billion (bn) and is expected to generate an operating surplus of about Rs 1.43 billion (bn). The asset benefits from its integrated township location, improving approval visibility and steady demand from end users.

RESO?I, managed by Nisus BCD Advisors LLP, is a Rs 17 billion (bn) SEBI registered alternative investment fund focused on structured credit in special situation real estate. The fund targets projects with established cashflows, strong asset cover and short exit timelines to accelerate project execution and provide funding to credible developers. Nisus Finance indicated that the transaction aligns with its disciplined underwriting and risk management approach and reinforces its strategy to build a diversified portfolio of residential assets with stable cashflows and attractive risk adjusted returns.

Nisus Finance Services Co Limited has disclosed an investment of Rs 900 million (mn) through its Real Estate Special Opportunities Fund - I in Realnet Ventures Private Limited, a wholly owned subsidiary of Paranjape Schemes (Constructions) Limited. The investment relates to a residential project within Blue Ridge, a 150?acre township in Hinjewadi Phase one developed by Paranjape Schemes. The township already comprises 33 residential towers delivered to over six thousand families along with commercial and educational infrastructure. Hinjewadi is described as one of Pune’s most established and high demand residential micro?markets, benefiting from proximity to major IT hubs, robust social infrastructure and strong connectivity to the city. The township hosts three special economic zones employing 35,000 IT professionals and provides township level amenities including a nine pocket golf course, basketball and tennis courts. These elements have supported sustained end user demand for housing in the locality. The project is a residential apartment tower on one point zero nine acres of conveyed land with a total saleable area of 0.402 million (mn) sq. ft. It comprises 188 units configured as three BHK units averaging 1,300 sq. ft. and four BHK units averaging 1,700 sq. ft. The project has a gross development value of approximately Rs 3.7 billion (bn) and is expected to generate an operating surplus of about Rs 1.43 billion (bn). The asset benefits from its integrated township location, improving approval visibility and steady demand from end users. RESO?I, managed by Nisus BCD Advisors LLP, is a Rs 17 billion (bn) SEBI registered alternative investment fund focused on structured credit in special situation real estate. The fund targets projects with established cashflows, strong asset cover and short exit timelines to accelerate project execution and provide funding to credible developers. Nisus Finance indicated that the transaction aligns with its disciplined underwriting and risk management approach and reinforces its strategy to build a diversified portfolio of residential assets with stable cashflows and attractive risk adjusted returns.

Next Story
Infrastructure Transport

Afcons Secures Rs 53.01 Billion Vadhvan Breakwater Contract

Afcons Infrastructure has received the Letter of Award from Vadhvan Port Project for the construction of a 10.14-km-long breakwater at the upcoming Vadhvan Port in Maharashtra. Valued at Rs 53.01 billion, the project will create what is set to become the second longest breakwater in the world upon completion.The contract marks a significant milestone for the marine infrastructure specialist and is expected to play a crucial role in the development of Vadhvan Port, envisaged as India's largest public port and one of the world's biggest container ports.Krishnamurthy Subramanian, Executive Chairm..

Next Story
Infrastructure Energy

India Clean Industry Pipeline Grows 30%

India’s clean industry project pipeline has grown by 30 per cent over a six-month period, reflecting rising interest in low-carbon industrial growth amid geopolitical and supply-chain uncertainty.Mission Possible Partnership’s latest Global Project Tracker shows that India now has the world’s third-largest clean industrial project pipeline by project count, after China and the United States. The country has 65 projects across four sectors and 11 states, representing an estimated $433.07 billion investment opportunity in clean fuels, chemicals and low-carbon manufacturing.The pipeline inc..

Next Story
Infrastructure Urban

Kärcher Showcases Professional Cleaning Solutions

Kärcher India recently showcased its professional cleaning solutions portfolio for commercial, industrial, hospitality, healthcare, retail, automotive and institutional applications. The range includes cleaning agents and detergents designed to support efficiency, material safety, operational reliability and hygiene across multiple environments.Under floor cleaning, Kärcher offers solutions such as FloorPro Deep Cleaner RM 751, FloorPro Shine Cleaner RM 755, FloorPro Fine Stoneware Cleaner RM 753, FloorPro Crystallising Agent RM 749 and High Gloss Crystallising Powder RM 775. These products ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement