NEW DELHI: Nisus Finance Services Co has invested ₹90 crore through its Real Estate Special Opportunities Fund-I (RESO-I) in Realnet Ventures, which is a fully owned subsidiary of Paranjape Schemes (Constructions).
The residential apartment tower is being developed on 1.09 acres of land, offering a total saleable area of 4.02 lakh sq ft. It will comprise 188 units, including 3BHK (average area of 1,300 sq ft) and 4BHK (average area of 1,700 sq ft) configurations.
The project has a gross development value (GDV) of ₹370 crore and is projected to generate an operating surplus of ₹143 crore.
Located within Blue Ridge, a 150-acre developed township in Hinjewadi phase-I, the project is part of a mixed-use community featuring 33 residential towers and three SEZs, among other amenities.
The investment strategy focuses on optimizing capital protection while enabling involvement in projects through disciplined underwriting and effective risk management.
RESO-I, managed by Nisus BCD Advisors LLP, is a ₹1,700 crore SEBI-registered alternate investment fund (AIF) dedicated to structured credit in special situation real estate.
