Mumbai : Nisus Finance Services Co Limited (BSE- NISUS | 544296 | INE0DQN01013) one of India’s leading structured real estate credit fund managers, has announced an investment of ₹ 115 Cr. through its Real Estate Special Opportunities Fund-I (RESO-I) in Kumar Vibe Properties Pvt Ltd (KVPPL). KVPPL is a 50:50 joint venture between Kumar Properties and Infrastructure led by Mr. Hitesh Jain and Vibe Realty led by Mr. Gopal Sarda.

The portfolio comprises a luxury residential project in Khar West (Mumbai), an upscale mixed-use project in Goregaon West (Mumbai), and a premium housing project in NIBM (Pune). The Khar and Goregaon projects are society redevelopment initiatives being undertaken under Regulation 33(7)(B) of the DCPR 2034, while the Pune project is being developed under the Unified DCPR applicable in Maharashtra (outside Mumbai). The collective topline for the three projects is over ₹ 1100 Cr., with a focus on established and emerging urban zones.

The Mumbai projects together have a development potential of ~1.6 lakh square feet of carpet area, and a revenue potential of ~ ₹ 400 cr. The NIBM (Pune) project is spread across 8 acres, and offers ~ 7.5 lac square feet of carpet area, featuring over 750 residential units and an expected sales value exceeding ~ ₹ 700 cr.

Strategic Significance of Redevelopment

Supported by DCPR 2034 incentives and faster approval timelines, society redevelopment is emerging as the most scalable and sustainable model for inner-city regeneration. This model aligns well with RESO-I’s investment philosophy of backing de-risked, cashflow-positive, and execution-ready real estate opportunities in key micro markets.