Nisus Finance Services Co has invested Rs 115 crore through its Real Estate Special Opportunities Fund-I (RESO-I) in Kumar Vibe Properties (KVPPL). KVPPL is a 50:50 joint venture between Kumar Properties and Infrastructure and Vibe Realty. The portfolio comprises 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). The Khar and Goregaon projects are society redevelopment initiatives being undertaken under Regulation 33(7)(B) of the DCPR 2034, while the Pune project is being developed under the Unified DCPR applicable in Maharashtra (outside Mumbai). The collective topline for the three projects is over Rs 1100 crore, with a focus on established and emerging urban zones.
The Mumbai projects together have a development potential of around 1.6 lakh square feet of carpet area, and a revenue potential of around Rs 400 crore. The NIBM (Pune) project is spread across 8 acres, and offers around 7.5 lakh square feet of carpet area, featuring over 750 residential units and an expected sales value exceeding around Rs 700 crore.
Nisus Finance Services Co is mainly engaged in the business of Transaction Advisory services, while its subsidiaries, stepdown subsidiaries, and associate companies which are engaged in Real Estate and Urban Infrastructure Fund and Asset Management.
| Company Name | CMP |
|---|---|
| ICICI Prud.Asset Man | 3372.20 |
| HDFC Asset Mngt. Co | 2782.95 |
| Nippon Life India As | 1000.50 |
| Aditya Birla Sun AMC | 1068.00 |
| UTI Asset Management | 1037.00 |
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