Nisus Finance Invests ₹115 Crore in Mumbai and Pune Real Estate Projects
Kumar Vibe Properties, a joint venture between Kumar Properties and Vibe Realty, secures ₹115 crore from Nisus Finance to develop three real estate projects in Mumbai and Pune, targeting various segments from ultra-luxury to aspirational homes.
Real EstateInvestmentMumbaiPuneLuxury HomesReal Estate PuneJul 23, 2025
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, ranging from 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.
The three projects together have a topline of more than ₹1100 crore, the statement said. This investment is a significant boost for Kumar Vibe Properties, as it aims to redefine luxury and comfort in the real estate market.
“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.
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 organizations,” said Avadhoot Sarwate, CIO, Nisus Finance Services Co, Ltd.
This investment comes at a time when the real estate market in Mumbai and Pune is experiencing mixed trends. While luxury and premium segments are showing resilience, the aspirational segment is facing challenges due to economic uncertainties and affordability issues. However, the strategic locations and diverse offerings of Kumar Vibe Properties' projects are expected to attract a wide range of buyers, from affluent individuals to first-time homebuyers.
Kumar Vibe Properties, with its strong foundation and strategic partnerships, is poised to make a significant impact in the real estate landscape of Mumbai and Pune. The collaboration with Nisus Finance is a crucial step towards achieving this vision and setting new benchmarks in the industry.
Frequently Asked Questions
What is Kumar Vibe Properties?
Kumar Vibe Properties Pvt Ltd is a 50:50 joint venture between Kumar Properties and Infrastructure LLP and Vibe Realty Pvt Ltd. It is led by Hitesh Jain and Gopal Sarda, respectively.
How much funding has Kumar Vibe Properties secured from Nisus Finance?
Kumar Vibe Properties has secured ₹115 crore in funding from Nisus Finance for project development.
Where are the projects located?
The projects are located in Khar West and Goregaon West in Mumbai, and the NIBM area in Pune.
What segments do the projects cater to?
The projects cater to 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.
What is the total topline of the three projects?
The three projects together have a topline of more than ₹1100 crore.
Related News Articles
Elevating Civil Aviation: Mohol's Pioneering Role in Pune
Discover how Mohol is driving growth in Pune's civil aviation sector, with insights from Hemant Rasne, former Mayor and BJP leader.
Budget 2024: A Boost to Sustainable Growth in Real Estate
The Union Budget 2024 focuses on MSMEs, employment, skilling, youth, and middle-class, with indirect benefits to the real estate sector through job creation, infrastructure, and urban redevelopment.
Dubai Real Estate Market Sets AED 141.9 Billion Quarterly Sales Record in Q3 2024
Dubai’s real estate market achieved a significant milestone in Q3 2024, with total sales reaching AED 141.9 billion, marking a new all-time high for a single quarter. This achievement surpassed the previous record of AED 124.07 billion set in Q2 2024, ref
Elan Group Gets a Boost with Rs 1200 Crore from Kotak Real Estate Fund
The investment will serve as growth capital, helping Elan Group cement its position in the thriving real estate market of Gurugram. This strategic move is expected to accelerate the company's expansion and development projects in the region.
Delhi-NCR: The Metro City Witnessing a Massive Surge in Housing Prices
The report suggests that the price appreciation in Delhi-NCR is attributed to rising demand for high-end properties. Read more to know the details.
Radisson Resort Khopoli Launches as a Luxurious Getaway Near Mumbai and Pune
Radisson Hotel Group has expanded its footprint in Maharashtra with the opening of Radisson Resort Khopoli, offering a premium retreat for travelers near Mumbai and Pune.