Nisus Finance Invests Rs 105 Cr In Shapoorji Pallonji Real Estate Subsidiary
Nisus Finance, a leading real estate credit fund, along with BCD Group as a sponsor and strategic partner of the fund, recently invested in Senior Secured Listed Non-Convertible Debentures (NCD) issued by Suvita Real Estate Private Limited, a wholly-owned subsidiary of Shapoorji Pallonji Real Estate Private Limited, in a total issue size of Rs. 105 crores. This investment marks the fourth venture of Nisus Finance's flagship "REAL ESTATE SPECIAL OPPORTUNITIES FUND-1" (RESO-1), managed by Nisus BCD Advisors LLP, with a corpus of INR 700 crores over the past 6 months. The Debentures are listed in the wholesale debt segment of the Bombay Stock Exchange. The investment, towards a land parcel of 12.16 acres located in Manjari-Budruk, Pune, is to assist the SPRE group in accelerating its assets in Pune within the mid-income affordable housing space. The land has the potential to be developed as an affordable housing mixed-use township with a saleable area of ~2.1 million square feet. The subject land is part of a larger layout being developed by the Shapoorji Pallonji Group. Located in the eastern part of Pune, Manjri Budruk is one of the fastest-developing suburban localities of the city that has witnessed significant sales and value appreciation over the past three years, being on the Pune-Solapur Road (National Highway 9). Nisus Finance (NiFCO) is focused on identifying highly value-accretive opportunities within real estate projects, offering enhanced yields and robust asset cover to unlock substantial value through structured capital. These investments are meticulously selected for their profitability and risk mitigation, focusing on key micro-markets across seven major metros with short to medium investment tenures. Commenting on this development, Amit Goenka, MD & CEO of Nisus Finance, expressed, "This investment perfectly aligns with our strategic vision for the RESO-1 Fund, aimed at generating significant alpha while maintaining a strongly risk-mitigated structure with ample asset cover. We are delighted to collaborate with Shapoorji Pallonji Real Estate, known for its expansive real estate portfolio boasting a development potential of over 142 million square feet across major Indian cities including Mumbai, Pune, Bengaluru, Gurugram, and Kolkata." Venkatesh Gopalakrishnan, Director Group Promoter’s Office, MD & CEO - Shapoorji Pallonji Real Estate (SPRE), stated, “We are thrilled to forge this partnership with Nisus Finance as it aligns with our commitment to delivering quality projects. This investment is our collective vision for growth and sets the stage for future collaborations. We look forward to leveraging our strengths and expertise to create enduring value in the real estate market.” Angad Bedi, MD, BCD Group, and a fund sponsor in the Nisus BCD “RESO-1” fund added: ‘Shapoorji Pallonji Real Estate is accelerating its cash flows across key projects with laser-sharp execution, delivery and strategic intervention on the back of India’s foremost brand. This investment by our fund is a prime example of the SPRE leadership moving quickly to meet its capital objectives by unlocking significant value in a prime Pune project while meticulously meeting our stringent investment ethos.”
Tags : Amit Goenka Nisus Finance Venkatesh Gopalakrishnan Non-Convertible Debentures Nisus Finance flagship REAL ESTATE SPECIAL OPPORTUNITIES FUND.