Mumbai-based real estate investor Nisus Finance and Investment Managers LLP, part of Nisus Finance Group, has established another international vehicle, this time in Mauritius, to channel ..
Nisus Finance, a real estate credit fund, has infused Rs 60 crore into High Cliff, a late-stage residential development located in Bellandur, Bengaluru. The funds, provided through listed non-convertible debentures, will be directed towards refinancing existing debt and ensuring the timely completion of Project High Cliff. This upscale venture spans 1.4 acres of land and boasts a saleable area of approximately 2.4 lakh sqft.
The recent investment in Project High Cliff will be utilised towards the refinancing of existing debt and the timely completion of the project. The luxury project is spread over 1.4 acres of land with a saleable area of around 2.4 lakh sqft.
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.