Nisus Finance Services has invested ₹900 million in Realnet Ventures, a wholly owned subsidiary of Paranjape Schemes, through its Real Estate Special Opportunities Fund-I (RESO-I), for a residential tower within the 150-acre Blue Ridge township in Hinjewadi, Pune, with a gross development value of ₹3.70 billion.
Nisus Finance Services has invested ₹900 million in Realnet Ventures, a wholly owned subsidiary of Paranjape Schemes (Constructions), through its Real Estate Special Opportunities Fund-I (RESO-I), according to a company release. The investment targets a residential tower developed on 1.09 acres of conveyed land with a total saleable area of 402,000 square feet.
The project has a gross development value (GDV) of ₹3.70 billion and is expected to generate an operating surplus of ₹1.43 billion. The tower is part of Blue Ridge, a 150-acre developed mixed-use township in Hinjewadi Phase 1, which includes 33 residential towers.
This development matters because Hinjewadi is one of Pune’s most mature and sought-after residential micro-markets, supported by steady end-user demand due to proximity to major IT parks, well-developed social infrastructure, and connectivity to key parts of the city. Structured real estate credit funds like RESO-I provide an alternative to traditional bank financing for mid-sized residential projects, often with structured exits tied to sales milestones. Industries impacted include real estate credit, residential construction, and township development.
Regional stakeholders include IT professionals in Pune’s tech corridor, local property buyers, and developers in the Hinjewadi micro-market.
For investors, this transaction demonstrates Nisus Finance’s strategy of deploying capital in well-located, middle-income residential projects with established township infrastructure. The operating surplus projection of ₹1.43 billion implies a gross return potential, though actual realization depends on sales velocity and pricing trends.
Nisus Finance Services is a structured real estate credit fund manager based in India.
Paranjape Schemes (Constructions) is a Pune-based real estate developer known for large-scale township projects, including Blue Ridge in Hinjewadi.
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