Press-Release-Nisus Finance Invests Rs. 115 Cr. in Urban Redevelopment & Housing Projects Across Mumbai & Pune
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Nisus Finance Services has invested ₹115 Cr through its Real Estate Special Opportunities Fund-I (RESO-I) into Kumar Vibe Properties Pvt Ltd, a 50:50 joint venture between Kumar Properties and Vibe Realty. The investment covers three projects: a luxury residential project in Khar West (Mumbai), an upscale mixed-use project in Goregaon West (Mumbai), and a premium housing project in NIBM (Pune), with a combined topline of over ₹1,100 Cr. The Mumbai projects together offer ~1.6 lakh sq ft of carpet area with revenue potential of ~₹400 Cr, while the Pune project spans 8 acres with ~7.5 lakh sq ft of carpet area, 750+ residential units, and expected sales value of ~₹700 Cr. RESO-I is a ₹1,700 Cr SEBI-registered AIF managed by Nisus BCD Advisors LLP. The company reported FY25 consolidated total income of ₹67.30 Cr, EBITDA of ₹44.48 Cr, and net profit of ₹32.58 Cr, with AUM of ~₹1,572 Cr.
This signals active capital deployment by Nisus's fund management business and validates the redevelopment-focused strategy, which could support future fund inflows and management fee income. For shareholders, it demonstrates the company is putting its ₹1,700 Cr AIF to work, though the ₹115 Cr investment is being made by the fund (not the listed entity's balance sheet directly), so direct earnings impact is limited to advisory and management fees.