Investment Company Nisus Finance Pours $13 Million into Mumbai-based Real Estate Developer's Project
In a significant move, Nisus Finance (NiFCO) went public in December 2024, marking a new chapter in its journey. The listed entity, known for its diverse offerings, operates through its special situations fund (SSF), its operations in Dubai, and a rental yield platform.
One of the key developments is the launch of the successor special situations fund (SSF) - Real Estate Special Opportunities II. This new fund is expected to raise $200 million from a feeder vehicle based in Mauritius. This funding will shape the positioning of the mentioned markets, as stated by Gopal Sarda, founder and CEO of Vibe Realty.
Vibe Realty, a prominent player in the real estate industry, develops residential, commercial, and mixed-use projects in Mumbai, Pune, and the rest of Maharashtra. Recently, Kumar Vibe Properties, a joint venture between Kumar Properties & Infrastructure and Vibe Realty, raised Rs 115 crore from Nisus Finance. Kumar Vibe Properties, incorporated in September 2022, is a new venture that will benefit from this investment.
Nisus Finance's investment strategy in real estate, as demonstrated by their investment in Kumar Vibe Properties, focuses on partnering with developer groups that have a strong professional setup, an impressive project portfolio, and a shared vision for growth. The company's approach ensures investments in projects with strategic locations, such as high-demand urban pockets, and supports projects catering to different market segments.
Nisus Finance emphasizes the importance of strong execution and leadership in the developer groups they partner with. This is evident in their appreciation for Gopal Sarda's proven track record in the real estate industry. By providing significant capital, Nisus Finance helps developers secure financial closure and ensures liquidity and capital adequacy for project execution.
Nisus Finance aims to create a long-term partnership with developer groups, aligning with their vision for growth and redefining urban living through innovation and premium developments. The funds raised will be used across three projects located in Mumbai and Pune.
In addition, NiFCO has set up a vehicle for its second stressed assets fund in Mauritius. The company expects to raise its assets under management (AUM) to about $1 billion in the next three years. The maiden SSF managed to raise Rs 700 crore from domestic investors and $100 million from a feeder vehicle in Singapore.
Avadhoot Sarwate, Director and Chief Investment Officer of Nisus Finance, made a statement about their investment aligning with their investment philosophy. The investment in Kumar-Vibe JV, he explained, is a testament to their strategy of investing in projects with strategic project locations.
With these strategic moves, Nisus Finance is poised to enter more real estate asset classes with a new fund, and the funding will help secure financial closure for Kumar Vibe Properties and set the stage for transformative developments.
- Gopal Sarda, founder and CEO of Vibe Realty, has announced the launch of Real Estate Special Opportunities II, a successor to the special situations fund (SSF), with an aim to raise $200 million for investing in real-estate markets.
- As part of its investment strategy, Nisus Finance has recently partnered with Kumar Vibe Properties, a new venture between Kumar Properties & Infrastructure and Vibe Realty, by providing crucial financing for real-estate projects in Mumbai and Pune.
