The Mumbai-based real estate finance firm is targeting 30 to 40 per cent of its fundraise from UAE-based institutional investors, family offices, and ultra-high-net-worth individuals, reflecting the growing depth of the India-UAE investment corridor.
June 29, 2026 | Tripti Mehta | UAE | Real Estate
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The India-UAE real estate investment corridor has a new expression. Nisus Finance Services, a Mumbai-based firm specialising in structured finance for real estate developers, is launching a platform designed to raise up to INR 4,000 crore (approximately USD 480 million) from a combination of domestic and Gulf-based capital, and the UAE is central to that ambition.
Between 30 and 40 per cent of the target corpus is expected to come from UAE-based institutional investors, family offices, and ultra-high-net-worth individuals, channelled through a GIFT City structure that allows Gulf capital to participate in India's real estate finance market in a regulated, tax-efficient way. The overall raise is split into an INR 2,500 crore India offering and a USD 140 million GIFT City structure, with greenshoe options built into both.
The vehicle at the heart of the platform is NiYAM, the Nisus Yield and Asset Multiplier Fund, a Category II Alternative Investment Fund targeting return expectations of 24 to 28 per cent. The fund is designed to fill a financing gap that conventional lenders have historically left open: early-stage capital for land acquisition, plotted developments, redevelopment projects, and special situations where banks and traditional lenders typically will not participate.
The opportunity set Nisus is targeting is substantial. Indian developers acquired more than 3,000 acres of land across nearly 150 transactions in 2025, representing investments of nearly INR 55,000 crore. The construction capital requirements flowing from those acquisitions exceed INR 92,000 crore, with external financing needs accounting for more than half of that figure, a structural gap that structured credit platforms like NiYAM are designed to address.
Amit Goenka, Founder and Chairman of Nisus Finance, said, "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. Developers acquired land worth nearly INR 55,000 crore in 2025 alone, while Mumbai's redevelopment opportunity is estimated at around INR 4 lakh crore. 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."
Aanchal Singh, Chief Business Development Officer of Nisus Finance, said, "NiYAM, with a target corpus of INR 1,800 crore and return expectations of 24 to 28 per cent, marks the evolution of our strategy towards opportunities that combine structured credit with equity-linked upside. The proposed INR 4,000 crore platform represents the next stage of that journey."
NiYAM will deploy across approximately 30 to 35 transactions with ticket sizes of INR 100 to 150 crore each, spread across eight key Indian cities including the Mumbai Metropolitan Region, Bengaluru, Hyderabad, Chennai, and Gurugram. Risk controls include a 50 per cent cap on any single investment theme, a 20 per cent city concentration limit, and a 20 per cent single counterparty cap.
Nisus Finance already has an established UAE presence, operating through the DIFC-registered Nisus High Yield Growth Fund, which has previously acquired residential assets across Dubai. The new platform builds on that foundation, positioning the firm as a two-way bridge between Gulf capital and India's real estate finance market.
A first close is targeted for September to October 2026.
Sources: Business Standard, Passionate in Marketing
