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Nisus Finance has completed its exit from Project High Cliff in Bengaluru with a 23% IRR over a two-year period through its RESO-1 fund. The investment was made using rated and listed non-convertible debentures and helped the project recover from earlier approval delays. High Cliff spans 1.4 acres and includes about 2.4 lakh sq. ft. of saleable area with 196 homes across 1, 2 and 3 BHK units. The project's progress reflects the growing demand for structured credit in Indian real estate, especially as traditional lenders remain cautious.
Nisus Finance has exited its investment in Bengaluru's Project High Cliff after earning a 23% IRR over two years. The funding was provided through rated and listed non-convertible debentures under the company's RESO-1 fund. The investment was made when the project needed financial stability and governance support, which helped it move forward after facing delays in its approval cycle. Advertisement
Project High Cliff is located in Bellandur, one of Bengaluru's active residential micro-markets with strong demand from mid-income homebuyers and professionals working in nearby technology hubs. The development covers 1.4 acres and offers around 2.4 lakh sq. ft. of saleable area across 196 units in 1, 2 and 3 BHK categories. The project's positioning caters to affordable and mid-segment buyers, a segment that has continued to see steady interest in the city.
The structured capital from RESO-1 supported smoother execution and helped the developer, Hiren Wahen Group, continue construction with financial clarity. The group has delivered close to one million sq. ft. across various projects with backing from Nisus Finance. According to the company's leadership, this investment came at an important stage and contributed to improving confidence among buyers and project stakeholders.
The exit also highlights a broader shift in the real estate credit environment. Traditional lenders and NBFCs often remain restricted when it comes to financing land acquisition or specific working-capital requirements. As a result, a funding gap of nearly USD 15 billion has opened up in the 'special situations' category. Funds like RESO-1 are increasingly filling this gap by offering structured and flexible financing options that support project continuity.
Nisus Finance has also recorded strong financial performance in the recent reporting period. In H1 FY26, revenue from core operations reached INR 74.89 crore, which has already surpassed the full-year FY25 revenue of INR 67.30 crore. Consolidated revenue, including subsidiary businesses, stood at INR 142.30 crore, significantly higher than INR 34.36 crore in H1 FY25. The company currently manages assets worth around INR 1,906 crore.
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