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Nisus Finance Services has announced that its subsidiary, NCCCL, has secured a construction mandate worth INR 1.13 billion for a residential tower. The project adds to NCCCL's residential execution portfolio, though details on location and timelines have not been shared. The mandate highlights ongoing momentum in residential real estate development and supports revenue visibility for the group's construction business. Nisus Finance Services has been active in real estate investments and project execution, with a focus on urban housing and structured development opportunities.
Nisus Finance Services has said that its construction and contracting arm, NCCCL, has secured a mandate valued at INR 1.13 billion for the development of a residential tower. The company disclosed that the project has been awarded as part of its expanding portfolio in the residential real estate segment.
The mandate covers the construction of a residential tower and adds to NCCCL's ongoing project pipeline. While specific details such as the location, size, and timeline of the tower were not disclosed, the contract value indicates a mid-to-large scale residential development. The project is expected to be executed under standard construction and delivery norms applicable to high-rise residential buildings.
NCCCL operates as a key execution platform within the Nisus Finance Services group, which has been actively involved in real estate investments, distressed asset resolution, and structured finance across India. In the past, the group has focused on residential and mixed-use developments in major urban markets, aligning with demand from end-users and investors.
The latest mandate reflects continued activity in the residential construction segment, where developers are moving ahead with new projects amid steady housing demand in select cities. For Nisus Finance Services, the order strengthens revenue visibility for its construction arm and reinforces its presence in the residential development space.
Source Reuters
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