Dalmia Nisus Finance achieves stellar exit with over 25% IRR from Puranik Builders projects

Dalmia Nisus Finance Investment Managers LLP (Dalmia Nisus”), part of the Nisus Finance Group, has successfully executed a swift and lucrative exit from its investment through the Real Estate Credit Opportunities Fund-I (RECOF-I). In January 2023, the fund committed Rs 125 crore to two projects by Puranik Builders Limited (PBL): Rumah Bali and Tokyo Bay, located at Ghodbunder Road, Thane. Under the leadership of industry veteran Amit Goenka, the Nisus Finance Group and the Dalmia Group, headed by Gaurav Dalmia, collaboratively established Dalmia Nisus. The Rs 500 crore fund primarily focuses on structured credit and mezzanine investments in India's residential sector.
This strategic investment proved highly fruitful, resulting in an exit in just nine months with an impressive return of over 25 percent internal rate of return (IRR). The achievement can be attributed to robust cash flows and a subsequent transition facilitated by a leading asset reconstruction company (ARC). Puranik Builders Limited, renowned for its residential real estate developments with a track record of 6.5 million sq. ft. in the micro-markets of Thane, Pune, and MMR, spearheaded Rumah Bali and Tokyo Bay.
Rumah Bali, spanning approximately 15 acres near Ghodbunder Road, offers a total development potential of 1.6 million sq. ft. It features an affordable residential product mix with Balinese garden concepts, including commercial office spaces on the ground plus 2 floors and 40 habitable floors of efficiently designed 1 and 2 BHKs. Tokyo Bay, part of a larger layout of nearly 15 acres near Anand Nagar, Thane West, also offers 1.6 million sq. ft. of development potential. The project provides affordable residential options with a Zen-inspired lifestyle, including 3 Lower Grounds and 40 habitable floors featuring 1 BHK, 1.5 BHK, and 2 BHK units.
Amit Goenka, the illustrious CEO of Nisus Finance, emphasized their commitment to delivering superior returns within the short to medium term. Their investments enable quick payouts and returns to investors, with the flexibility to redeploy capital efficiently, resulting in significant returns on invested capital. They identify strong opportunities in special situations and last-mile funding, creating value and generating exceptional returns for all stakeholders. Within the RECOF-1 fund, rapid exits are occurring across the portfolio due to robust sales and collections, particularly in the Mumbai Metropolitan Region (MMR). All investments are expected to be exited within the next 12 months, offering quarterly distributions and high returns.
The Nisus Finance Group, a distinguished steward of financial acumen, manages a diverse ensemble of Alternative Investment Funds (AIFs), among them the distinguished RECOF-I and RECO-I. Both of these entities are revered by regulatory authorities and registered with SEBI, as AIF Category II funds. These funds focus on structured investments adorning mid-income, affordable housing, and plotted development projects, with a resolute aim of delivering superior, consistent, and risk-adjusted returns that stand as a testament to their financial mastery.

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Dalmia Nisus Finance achieves stellar exit with over 25% IRR from Puranik Builders projects

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