NEW DELHI: Nisus Finance Services Co has allocated ₹70 crore across three residential projects in Bengaluru via its Real Estate Special Opportunities Fund I.
The ₹1,700 crore fund is a SEBI-registered Category-II alternative investment fund managed by Nisus BCD Advisors LLP.
The projects, developed by Sumukha Housing, a Bengaluru-based residential developer headed by Arjun Vasu and Varun Vasu, have a collective gross development value of approximately ₹300 crore.
Sumukha Housing has successfully delivered over seven lakh sq ft of residential and commercial properties, focusing on low-rise residential communities throughout Bengaluru’s micro-markets.
The RESO-I fund emphasizes structured credit in special-situation real estate, having completed nine investments across various geographies, targeting projects with established cash flows, asset backing, and short exit timelines.
Nisus Finance stated that this transaction aligns with its strategy to invest in demand-driven residential sectors while ensuring project-level downside protection.
