Nisus Finance Services Co has invested Rs 90 crore through its Real Estate Special Opportunities Fund-I (RESO-I) in Realnet Ventures, a wholly owned subsidiary of Paranjape Schemes (Constructions). The project forms a part of ‘Blue Ridge’ a 150 Acres developed township by Paranjape Schemes (Constructions) located in Hinjewadi Ph 1. The township is a mixed-use township with 33 residential towers already delivered to 6,000+ families living, 3 SEZ with 35,000+ IT professionals employed, commercial establishments, school, social infrastructure and township level modern amenities like 9 pocket golf course, basketball court, tennis court etc.
The project is a residential apartment tower being developed on a 1.09 Acres of conveyed land having total saleable area of 4.02 lakh square feet The project has a total of 188 units with 3 BHK (average area 1,300 square feet) and 4 BHK (average area of 1,700 square feet) unit configuration. Project has GDV of around Rs 370 crore and is expected to generate an operating surplus of around Rs 143 crore.
Hinjewadi is Pune’s most established and high-demand residential micro-markets. Hinjewadi continues to witness sustained end-user demand, driven by its proximity to major IT hubs, robust social infrastructure, and strong connectivity to key parts of the city. The micro-market has consistently attracted both first-time homebuyers and upgrade demand, making it a resilient residential destination.
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 | 3311.25 |
| HDFC Asset Mngt. Co | 2523.85 |
| Nippon Life India As | 1128.95 |
| Aditya Birla Sun AMC | 1035.60 |
| UTI Asset Management | 929.00 |
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