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• Nisus Finance Services has invested INR 90 crore in a residential project being developed by Realnet Ventures, a subsidiary of Paranjape Schemes, in Pune’s Hinjewadi Phase-I.
• The funding has been made through Nisus Finance’s Real Estate Special Opportunities Fund-I (RESO-I), a SEBI-registered alternative investment fund.
• The project is part of the Blue Ridge township and will include 188 premium 3BHK and 4BHK apartments spread across nearly 4.02 lakh sq ft of saleable area.
• The development is expected to have a gross development value of around INR 370 crore, supported by steady housing demand in Pune’s IT-driven residential market.
Nisus Finance Services has invested INR 90 crore in Realnet Ventures, a wholly owned subsidiary of Paranjape Schemes (Constructions), for the development of a premium residential project in Pune’s Hinjewadi Phase-I micro-market. The investment has been made through the company’s Real Estate Special Opportunities Fund-I (RESO-I), which focuses on structured real estate credit investments. Advertisement
The residential development will come up within Blue Ridge, a large integrated township spread across nearly 150 acres in Hinjewadi. The project is being developed on around 1.09 acres of conveyed land and will have a total saleable area of nearly 4.02 lakh sq ft.
According to details shared by the company, the project will consist of 188 apartments, including spacious 3BHK and 4BHK units. The average size of the 3BHK apartments will be around 1,300 sq ft, while 4BHK units are expected to average close to 1,700 sq ft. The project has an estimated gross development value (GDV) of around INR 370 crore and is projected to generate an operating surplus of nearly INR 143 crore.
The development is located in one of Pune’s largest IT and residential corridors. Hinjewadi has continued to witness strong housing demand over the past few years due to the presence of major technology parks, employment hubs and improving infrastructure connectivity. The area has also benefited from increasing demand for larger homes, particularly from professionals working in Pune’s IT sector.
Blue Ridge township already houses more than 6,000 families and includes residential towers, commercial spaces and social infrastructure. The township also has three special economic zones (SEZs), where more than 35,000 professionals are employed. Schools, retail outlets and lifestyle amenities within the township have supported residential demand in the project area.
Company officials indicated that the transaction aligns with Nisus Finance’s strategy of investing in residential developments with strong end-user demand and established market visibility. Avadhoot Sarwate, chief investment officer at Nisus Finance, said the existing scale of development within Blue Ridge and the demand for larger apartments in Hinjewadi provide positive visibility for the project.
Amit Goenka, chairman and managing director of Nisus Finance, stated that Pune remains an important residential market for the company because of stable employment generation and sustained demand in established micro-markets such as Hinjewadi. He added that the company continues to focus on projects with clear cash-flow visibility and execution strength.
RESO-I, managed by Nisus BCD Advisors LLP, is a SEBI-registered Category II Alternative Investment Fund with a corpus of around INR 1,700 crore. The platform primarily invests in structured credit opportunities across residential and mixed-use developments in key urban markets.
Nisus Finance has expanded its real estate investment activity across Mumbai, Pune, Bengaluru, Ahmedabad and Surat in recent years. Earlier, the company had announced investments across several residential projects in western and southern India through its structured funding platform.
Pune’s residential market has continued to attract interest from developers, lenders and alternative investment funds due to steady sales momentum and infrastructure growth. Industry experts believe integrated township projects in IT-led locations are seeing improved traction because buyers are increasingly looking for larger homes with better access to workplaces, schools and lifestyle infrastructure.
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