Nisus Finance invests INR 70 cr in 3 Bengaluru residential projects
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Nisus Finance invested INR 70 crore in three residential projects in Bengaluru through its INR 1,700 crore RESO-I fund, a Sebi-registered Category II AIF. The projects are developed by Sumukha Housing and have a combined Gross Development Value of about INR 300 crore. RESO-I targets structured credit in special-situation real estate and has completed nine investments so far. The move reflects Nisus's continued focus on Bengaluru's residential market, driven by steady employment and consistent housing demand.
Expands fund deployment and signals confidence in Bengaluru residential market. No immediate direct revenue impact on the listed company.