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Nisus Finance pumps Rs 90 crore into Pune housing project with Rs 370 crore development value
Economy
Published on 15 May 2026
A single tower spans 4.02 lakh sq ft saleable area
Nisus Finance Services has invested Rs 90 crore in a residential project being developed by Realnet Ventures, a Paranjape Schemes subsidiary, via its Real Estate Special Opportunities Fund-I. The tower will come up on 1.09 acres in Hinjewadi Phase 1, delivering a total saleable area of 4.02 lakh sq ft. The project’s gross development value is Rs 370 crore and is expected to generate an operating surplus of Rs 143 crore, part of Paranjape’s Blue Ridge township.
- Nisus Finance invests Rs 90 crore through RESO-I
- Project is developed by Realnet Ventures, Paranjape’s wholly owned unit
- Located in Hinjewadi Phase 1 Pune on 1.09 acres
- Total saleable area totals 4.02 lakh sq ft
- Gross development value stands at Rs 370 crore
- Operating surplus projected at Rs 143 crore
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times