Mumbai, June 24: Nisus Finance Services Co Ltd. (Nisus Finance), a leading player in urban infrastructure and real estate finance, plans to raise up to INR 4,000 crore through a first-of-its-kind real assets investment platform focused on yield-generating and value-accretive opportunities across India‘s real estate sector. The platform will attract capital from domestic investors as well as institutional investors, family offices and ultra-high-net-worth individuals from the UAE, reflecting the growing depth of the India–UAE investment corridor.
The platform will comprise multiple investment vehicles and co-investment structures, including the Nisus Yield and Asset Multiplier Fund (NiYAM), a Category II Alternative Investment Fund focused on structured credit-plus-equity enhancement opportunities across plotted developments, land aggregation, redevelopment projects, special situations and other asset-backed real estate transactions.
Nisus expects to raise the capital over the next 18-24 months, with a first close targeted around September-October 2026. Approximately 30-40% of the corpus is expected to come from UAE-based investors. The overall structure includes a INR 2,500 crore India offering (INR 1,800 crore base with a INR 700 crore green shoe option) alongside a USD 140 million GIFT City structure (USD 70 million base with a USD 70 million green shoe).
The launch comes amid a significant expansion in India‘s land-led and redevelopment opportunity set. Developers acquired 3,093 acres across 149 transactions in 2025, representing land investments worth INR 54,818 crore and unlocking approximately 229 million sq. ft. of development potential. These projects are expected to require more than INR 92,000 crore of construction capital, with external financing needs exceeding INR 52,000 crore.
At the same time, Mumbai alone represents a redevelopment opportunity estimated at nearly INR 4 lakh crore through MHADA’s 925-acre redevelopment pipeline. Plotted development has also emerged as one of India‘s fastest-growing real estate segments, with projects worth approximately INR 2.44 lakh crore launched across major cities between 2022 and May 2025. Leading developers including Godrej Properties, Prestige Group, Brigade Group, Puravankara, Signature Global and Adani Realty have expanded their presence in the segment.
Infrastructure-led real estate is creating another growth avenue. Overall absorption of India‘s Grade A warehousing exceeded 68 million sq. ft. in 2025, representing a 30% Y-o-Y increase, while data centre capacity is likely to reach 1.7 GW this year, driving demand for land acquisition and development capital.
Against this backdrop, NiYAM plans to deploy capital across approximately 30-35 transactions, with ticket sizes ranging from INR 100-150 crore. Key markets include Mumbai Metropolitan Region, Bengaluru, Mysuru, Hyderabad, Chennai, Ahmedabad, Vadodara and Gurugram. The strategy focuses on four core themes – plotted development, land consolidation, redevelopment and special situations – segments where conventional lenders remain constrained in funding land acquisition, approvals and other early-stage project requirements.
Dr. Amit Goenka, Founder and Chairman, Nisus Finance, says, “India‘s next real estate cycle is increasingly being driven by land monetisation, redevelopment, plotted developments and infrastructure-led assets such as warehousing and data centres. Developers acquired land worth nearly INR 55,000 crore in 2025 alone, while Mumbai’s redevelopment opportunity is estimated at around INR 4 lakh crore. These segments continue to face significant financing gaps because traditional lenders are often unable to fund land acquisition, approvals, redevelopment and other early-stage requirements. With external financing needs accounting for more than half of the construction capital requirements for recently acquired land parcels alone, NiYAM has been designed to provide structured capital where conventional financing remains constrained. Our India–UAE presence and GIFT City structure position us to channel domestic and global capital into India‘s next phase of growth.”Aanchal Singh, Chief Business Development Officer, Nisus Finance, says, “Beginning with the INR 384 crore REAP Fund in 2015, followed by RECOF, RESO and our UAE-focused High Yield Growth Fund, we have built a strong track record through disciplined underwriting, active asset management and robust risk controls. NiYAM, with a target corpus of INR 1,800 crore and return expectations of 24-28%, marks the evolution of our strategy towards opportunities that combine structured credit with equity-linked upside. The proposed INR 4,000 crore platform represents the next stage of that journey. By partnering with established developers and maintaining strict diversification limits, we believe we are well positioned to deliver attractive risk-adjusted returns.”
To manage risk, the platform will maintain strict allocation parameters, with no single investment theme accounting for more than 50% of the portfolio, no single city exceeding 20%, and no single counterparty exposure exceeding 20%.