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Nisus eyes student housing, senior living
Mint Mumbai
|October 09, 2023
Asset manager Nisus Finance is set to roll out an alternative investment fund to finance managed housing properties in India's key real estate markets as part of a broader rental yield platform, a top executive told VCCircle.
The Mumbai-based real investor, estate-focused through its alternative asset management arm Nisus. Finance & Investment Managers LLP, will invest mainly in student housing assets through the fund, managing director Amit Goenka said.
The company intends to team up with a strategic partner, probably a large developer, for the fund. It may also venture into senior living projects.
"We are in the process of formulating the launch and are adding certain strategic partners. We should be able to close [the process] this month," Goenka said.
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