Press Release - Nisus Finance Strengthens Pune Portfolio with an investment of INR 90crore in Hinjewadi.
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Nisus Finance Services Co Limited has announced an investment of ₹90 crore through its Real Estate Special Opportunities Fund-I (RESO-I) in a residential project developed by Paranjape Schemes (Constructions) Limited in Hinjewadi, Pune. The project involves a residential apartment tower on 1.09 acres with 188 units (3 BHK and 4 BHK configurations) and a total saleable area of 4.02 lakh sq. ft. The project has a Gross Development Value (GDV) of approximately ₹370 crore and is expected to generate an operating surplus of around ₹143 crore. The investment is part of the Blue Ridge township, a 150-acre mixed-use development. RESO-I is a ₹1,700 crore SEBI-registered Alternative Investment Fund (AIF) focused on structured credit in special situation real estate.
This investment demonstrates Nisus Finance's continued expansion in Pune's residential real estate market through its AIF fund, supporting an established developer with a strong track record. For shareholders, this signals the company's active deployment of capital into high-quality real estate assets with visible cash flows and risk-adjusted return potential.