Nisus Finance Invests ₹115 Cr in Kumar Vibe Properties: A Push for Mumbai and Pune's Urban Renaissance

Nisus Finance Services Co Limited has invested ₹115 Cr. into Kumar Vibe Properties Pvt Ltd, a joint venture by Kumar Properties and Vibe Realty, funding major urban redevelopment projects in Mumbai and Pune. The investment aligns with RESO-I's strategic focus on de-risked, cashflow-positive real estate opportunities.

Nisus Finance Services Co Limited, a leader in structured real estate credit fund management, has committed ₹115 Cr. through its Real Estate Special Opportunities Fund-I (RESO-I) to Kumar Vibe Properties Pvt Ltd, a joint venture with a strong presence in the luxury real estate sector.

The investment supports redevelopment projects in prime urban areas of Mumbai and Pune, expected to generate over ₹1100 Cr. in topline revenue. With society redevelopment as a vital city regeneration strategy supported by DCPR 2034 incentives, these projects promise significant growth potential.

RESO-I targets well-established projects with secure cashflows, short exit timelines, and high asset cover. Mumbai's evolving infrastructure projects, like the Mumbai Coastal Road, are expected to further enhance the housing market, while Pune's metro expansion will improve connectivity, fostering urban growth.

(With inputs from agencies.)