Nisus Finance pulls out of Mumbai redevelopment project at 21% IRR
Mumbai Mumbai: Nisus Finance Services Company Limited (BSE-NISUS | 544296 | INE0DQN01013), a leading investment management firm specialising in urban infrastructure and structured finance, has successfully exited its investment in a self-redevelopment housing project in Mumbai delivering an impressive internal rate of return (IRR) of around 21%. Nisus Finance had strategically invested Rs 22 crore in a self-redevelopment project in Mumbai located at Pestom Sagar, Ghatkopar. Trilogy Developers acted as the development manager for the project.
In late 2022, Nisus Finance made the first institutional investment in a self-redevelopment project undertaken by a housing society. The project, Vishwasangam, is an affordable self-redevelopment initiative by two neighbouring societies in the Pestom Sagar area of Ghatkopar.
In 2022, Trilogy Developers’ project became the first society self-redevelopment initiative that Nisus Finance invested in, with Trilogy acting as the development management (DM) partner. The project involved amalgamating two societies into a single development, comprising two floors of commercial shops and seventeen floors of residential apartments. The investment was structured for a full term of several years, during which Nisus Finance provided both financial support and strategic assistance.
Mumbai has witnessed a boom in significant redevelopment projects, with major players such as Prestige, Puravankara, Godrej and many others entering the market. However, there remains a shortage of institutional capital due to systemic and regulatory constraints, which limit banks’ ability to lend to such projects.
Nisus Finance’s exit from this redevelopment project is testimony to its deep expertise in the urban infrastructure financing space.
Renowned for its proven track record in real estate transactions, Nisus Finance has reinforced its commitment to protecting the interests of stakeholders while delivering strong returns for investors.
This successful exit has strengthened Nisus Finance’s portfolio of high-yield real estate investments and reinforces its focus on structured finance opportunities that drive sustainable growth in India’s property market.
Commenting on the development, Amit Anil Goenka, Chairman and Managing Director, Nisus Finance Services Company Limited, said: “We are pleased with the outcome of our investment in this self-redevelopment project. This exit reinforces our expertise in identifying and supporting high-potential real estate ventures while generating strong returns. The self-redevelopment model is gaining momentum in Mumbai, and we look forward to further opportunities in this space”.
