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Nisus Finance to invest ₹115 crore in three Mumbai and Pune real estate projects with a combined topline of over ₹1,100
Real estate firm Kumar Vibe Properties has secured ₹115 crore in funding from Nisus Finance for project development
Kumar Vibe Properties Pvt Ltd, a 50:50 joint venture between Kumar Properties and Infrastructure LLP, led by Hitesh Jain, and Vibe Realty Pvt Ltd, led by Gopal Sarda, has secured a ₹115 crore investment from Nisus Finance, according to a joint statement issued on July 23.
The funds will be used to develop three projects located in Khar West and Goregaon West in Mumbai, and the NIBM area in Pune.
These developments cater to distinct segments, ultra-luxury residences priced at ₹7 crore and above at Khar West, premium luxury homes ranging from ₹3 crore to ₹4.25 crore, at Goregaon West, and aspirational homes available up to ₹1.25 crore at NIBM Pune.
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The three projects together have a topline of more than ₹1100 crore, the statement said.
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“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," said Gopal Sarda, founder and CEO, Vibe Realty Private Limited.
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“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 organisations," said Avadhoot Sarwate, CIO, Nisus Finance Services Co, Ltd.
