Nisus Finance, in partnership with BCD Group, has invested over INR 105 crore in Shapoorji Pallonji Real Estate's subsidiary, Suvita Real Estate, through senior secured listed non-convertible debentures (NCD). The investment aims to facilitate the acquisition of a 12.16-acre land parcel in Manjari-Budruk, Pune, with potential for a mixed-use township exceeding 2.1 million sq ft. The project aligns with Shapoorji Pallonji's focus on mid-income affordable housing. Nisus Finance's Real Estate Special Opportunities Fund, with a corpus of INR 700 crore, underscores its commitment to opportunistic investments in the real estate sector. This collaboration highlights strategic synergy for growth in Pune's real estate market.
Nisus Finance, in collaboration with BCD Group, has invested over INR 105 crore in Shapoorji Pallonji Real Estate's subsidiary, Suvita Real Estate. The investment, facilitated through senior secured listed non-convertible debentures (NCD), is aimed at supporting the acquisition of a 12.16-acre land parcel in Manjari-Budruk, Pune.
In the Manjri Budruk locality, with a saleable area exceeding 2.1 million sq ft, the land holds immense potential for an affordable housing mixed-use township, aligning perfectly with Shapoorji Pallonji's vision for mid-income affordable housing projects in Pune.
The debentures, listed on the wholesale debt segment of the Bombay Stock Exchange, show Nisus Finance's commitment to seizing value-accretive opportunities in the real estate sector.
Manjri Budruk, situated in eastern Pune, is a rapidly growing suburban area that has experienced notable sales and value appreciation over the last three years, particularly along the Pune-Solapur Road (National Highway 9).
Nisus Finance's Real Estate Special Opportunities Fund, managed by Nisus BCD Advisors LLP, has emerged as a key player in the real estate investment sphere. With a corpus of INR 700 crore, the fund focuses on opportunistic medium-term investments in mid-income, affordable housing, and plotted development projects, further enhancing its footprint in the sector.
Nisus Finance (NiFCO) specialises in identifying valuable opportunities in real estate projects, aiming for high returns and strong asset security through structured capital. Their investments focus on profitability and risk management, targeting specific micro-markets in seven major cities for short to medium-term investments.
Shapoorji Pallonji Real Estate is a significant part of the Shapoorji Pallonji Group, a multi-business conglomerate. They've developed over 19 million sq ft and currently have 28 million sq ft under construction in major Indian cities like Mumbai, Pune, Bengaluru, Gurgaon, and Kolkata.
Overall, this investment reflects the strategic synergy between Nisus Finance and Shapoorji Pallonji Real Estate, leveraging their respective strengths and expertise to drive growth and value creation in Pune's real estate market. As Shapoorji Pallonji Real Estate continues to expand its footprint across major Indian cities, this collaboration marks another milestone in its journey towards delivering quality real estate developments.
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