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Dalmia Nisus Finance Investment Managers Invests Rs 25 Cr in Treasure Hills, Indore

Mumbai, July, 2023: Dalmia Nisus Finance Investment Managers LLP (“Dalmia Nisus”), an alternative asset manager has recently invested Rs 25 Cr in a plotting project developed by Treasure Group of Indore – Treasure Hills located at Sindoda, Indore, MP, through their Real Estate Credit Opportunities Fund – I (RECOF-I).

 “Treasure Hills” is a plotted development project on a land parcel of ~20 acres with total sale potential of 0.4 Mn sq. ft. with an average area of 800 sq. ft. – 1200 sq. ft. for each plots. 

Amit Goenka, MD & CEO Nisus Finance stated “We are glad to join hands with Treasure Group for their premier projects in Indore, catering to the vibrant mid-income plotted housing demand. With around 6 Decades of experience in the real estate sector and with around 30 Million sq. feet of residential and commercial development, Treasure Group is one among the biggest real estate developers of Central India. Our investment will unlock value of all stakeholders in a short period of time including current and future plot buyers who are looking at value purchase from a reputed corporate developer”.

Vinayak Kalani, CEO, Treasure Group added, “We are glad to partner with Dalmia Nisus Finance funds for our projects. Our project met their stringent diligence and risk parameters underscoring the governance, management, and potential at Treasure Group. This investment will accelerate our project and unlock value for all stakeholders in a short period. Indore, as a fast-developing metro, holds huge potential for AIF funds with the surge in demand and high per capita GDP growth”. 

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