Kumar Vibe Properties Secures Rs 115 Crore for New Developments

Kumar Vibe Properties has successfully secured Rs 115 crore from Nisus Finance for upcoming real estate developments. This significant financial backing will fund three new projects in the Mumbai Metropolitan Region and Pune, as detailed in a company statement released Wednesday.

The strategic move signals a robust collaboration between Kumar Vibe Properties' parent entities, Kumar Properties and Infrastructure LLP, and Vibe Realty Pvt Ltd. The joint venture, equally shared by both parent companies, aims to bolster its footprint in the competitive real estate market.

The infusion of capital from Nisus Finance underscores investor confidence in the potential of Kumar Vibe's developments, poised to enhance the housing and commercial landscape in these key urban areas.

(With inputs from agencies.)