Nisus Finance Invests Rs 900 Million in Hinjewadi Project
ECONOMY & POLICY

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.

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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.

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