Kumar Vibe Properties Pvt Ltd, a 50:50 joint venture between Kumar Properties and Infrastructure LLP led by Mr. Hitesh Jain and Vibe Realty Pvt Ltd led by Mr. Gopal Sarda has secured a significant investment from Nisus Finance, marking a milestone in its growth trajectory. The investment of 115 crore will be allocated to three marquee projects, reinforcing their commitment to delivering premium living spaces while ensuring financial stability and scalability.
The three projects are strategically located at most sought-after real estate destinations, Khar West & Goregaon West at Mumbai and NIBM at Pune. These developments cater to distinct segments, ultra-luxury residences priced at Rs 7 Cr and above at Khar west, premium luxury homes ranging from Rs 3 Cr to Rs 4.25 Cr at Goregaon West, and aspirational homes available up to Rs 1.25 Cr at NIBM Pune. Together, these projects boast a combined topline of Rs 1100+ Cr, redefining living across key urban hubs.
The infusion of capital from Nisus Finance will drive multiple aspects of their expansion and execution strategy. This ensures liquidity and capital adequacy for seamless project execution while accelerating construction timelines to deliver high-quality residences as promised. This also enables Kumar Vibe Group to explore new growth avenues while maintaining its commitment to excellence and strengthening its long-term goal of redefining urban living through innovation and premium developments.
Gopal Sarda, Founder & CEO, Vibe Realty Private Limited: “We are excited to welcome Nisus Finance as a strategic funding partner for the ongoing projects. This partnership is a testament to our strong fundamentals, clear vision, and ability to execute high-value projects that redefine luxury and comfort. With this funding, we are not just securing financial closure but also setting the stage for transformative developments that will shape the future of our positioning in these prominent markets”.
Avadhoot Sarwate, CIO, Nisus Finance Services Co Limited: “At Nisus, we invest in developer groups with a strong professional setup, an impressive project portfolio, and a shared vision for growth. Our investment in Kumar-Vibe JV aligns with our investment philosophy, because of its strategic project locations, execution excellence, and dynamic leadership of Gopal Sarda. His proven track record in the real estate industry makes us confident about this collaboration, and we look forward to building a long-term relationship that drives success for both the organizations.”
With this investment, Nisus Finance and Kumar Vibe Group embark on a journey of collective success, strengthening Mumbai and Pune’s real estate landscape while creating unparalleled value for homebuyers and investors.
