The platform will attract capital from domestic investors as well as institutional investors, family offices and ultra-high-net-worth individuals from the UAE, reflecting the growing depth of the India-UAE investment corridor.
The platform will comprise multiple investment vehicles and co-investment structures, including the Nisus Yield and Asset Multiplier Fund (NiYAM), a Category II Alternative Investment Fund focused on structured credit-plus-equity enhancement opportunities across plotted developments, land aggregation, redevelopment projects, special situations and other asset-backed real estate transactions.
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Nisus expects to raise the capital over the next 18-24 months, with a first close targeted around September-October 2026. Approximately 30-40% of the corpus is expected to come from UAE-based investors. The overall structure includes a Rs 2,500 crore India offering (Rs 1,800 crore base with a Rs 700 crore green shoe option) alongside a USD 140 million GIFT City structure (USD 70 million base with a USD 70 million green shoe).
“India’s next real estate cycle is increasingly being driven by land monetisation, redevelopment, plotted developments and infrastructure-led assets such as warehousing and data centres. With external financing needs accounting for more than half of the construction capital requirements for recently acquired land parcels alone, NiYAM has been designed to provide structured capital where conventional financing remains constrained. Our India-UAE presence and GIFT City structure position us to channel domestic and global capital into India’s next phase of growth,” said Amit Goenka, Founder and Chairman, Nisus Finance.
The launch comes amid a significant expansion in India’s land-led and redevelopment opportunity set. Developers acquired 3,093 acres across 149 transactions in 2025, representing land investments worth Rs 54,818 crore and unlocking approximately 229 million sq. ft. of development potential. These projects are expected to require more than Rs 92,000 crore of construction capital, with external financing needs exceeding Rs 52,000 crore.At the same time, Mumbai alone represents a redevelopment opportunity estimated at nearly Rs 4 lakh crore. Plotted development has also emerged as one of India’s fastest-growing real estate segments, with projects worth approximately Rs 2.44 lakh crore launched across major cities between 2022 and May 2025.
Leading developers including Godrej Properties, Prestige Group, Brigade Group, Puravankara, Signature Global and Adani Realty have expanded their presence in the segment.
NiYAM plans to deploy capital across approximately 30-35 transactions, with ticket sizes ranging from Rs 100-150 crore. Key markets include Mumbai Metropolitan Region, Bengaluru, Mysuru, Hyderabad, Chennai, Ahmedabad, Vadodara and Gurugram.
“Beginning with the Rs 384 crore REAP Fund in 2015, followed by RECOF, RESO and our UAE-focused High Yield Growth Fund, we have built a strong track record through disciplined underwriting, active asset management and robust risk controls. NiYAM, with a target corpus of Rs 1,800 crore and return expectations of 24-28%, marks the evolution of our strategy towards opportunities that combine structured credit with equity-linked upside,” said Aanchal Singh, Chief Business Development Officer, Nisus Finance.
To manage risk, the platform will maintain strict allocation parameters, with no single investment theme accounting for more than 50% of the portfolio, no single city exceeding 20%, and no single counterparty exposure exceeding 20%.