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Nisus Finance invests in Mumbai real estate project

2022-08-10

Nisus Finance said on August 8 that that is has invested Rs 60 crore in EON Group’s residential project EON ONE located in Mumbai's Prabhadevi. Nisus said in a statement that the project has nine podiums with ample car parking, a dedicated amenity floor and 24 habitable floors offering contemporary and efficiently designed, sea-facing 2 and 3 BHKs. It said that the investment is aimed at accelerating and quickly delivering the project.

The project has a land area of around 3043.5 sq m and a saleable area of around 1.5 lakh sq feet. The project is being redeveloped under section 33 (7) scheme. The existing 27 tenants would be provided accommodation in a rehab wing being developed by the group.

The group is expecting revenue of around Rs 400 crore from the project, which is targeted for completion by December 2025.

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