Fund News
Nisus Finance plans to set up Rs. 2,000-Cr land fund, SM Reit platform
Mumbai-headquartered alternative investment firm Nisus Finance is planning to set up an INR 2,000-crore land fund this year, with an initial corpus of INR 1,000 crore, followed by another INR 1,000 crore next year. The company is also preparing to launch a small and medium real estate investment trust (SM Reit) platform worth INR 2,000 crore.The fund will acquire land parcels in strategic locations, starting from Maharashtra across Mumbai and Pune to other opportunities along the Delhi-Mumbai Industrial Corridor (DMIC), the Bengaluru-Hyderabad corridor, and such key locations where the firm sees large infrastructure, including industrial and warehousing corridors. The land fund is looking at a 30% range in terms of internal rate of return (IRR).For its SM Reit plans, the firm will focus on small and medium enterprise (SME) office spaces and high-street retail, with the aim of giving access to high-quality but smaller assets to a larger investor pool. For SM Reit, the typical yield would be 8 to 10% with a certain growth in rent yields and cap rate compressions over time.Nisus is aiming to double its assets under management (AUM), which stood at around INR 1,900 crore as of the first half of FY26 (H1 FY26) across Dubai and India, by the end of this year. It reported consolidated income of INR 229.05 crore for Q3 FY26. Its profit after tax for the quarter stood at INR 21.02 crore.
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