Through its Real Estate Credit Opportunities Fund-I (RECOF-I), the fund had made the investment in projects Rumah Bali and Tokyo Bay located on Thane’s Ghodbunder Road in January 2023.
Dalmia Nisus Finance Investment Managers has exited its investment of INR 125 crore in two residential projects of Puranik Builders. The investment was made through its Real Estate Credit Opportunities Fund-I and the exit was achieved within nine months, with a return of over 25% IRR.
The project, Treasure Hills, is being developed in Madhya Pradesh’s Indore and the investment has been made through the Rs 500 crore fund that primarily invests into structured credit and mezzanine investments across the residential space in India.
Real estate developer Treasure Group has received a Rs 25 crore ($3.3m) investment for a project called Treasure Hills in India, from alternative asset manager Dalmia Nisus Finance Investment Managers. Treasure Hills is being developed on 20 acres in Madhya Pradesh s Indore, and has a total sale potential of 4 lakh sq ft.