Mumbai: Kumar-Vibe JV Secures ₹115 Cr Investment From Nisus Finance For Luxury & Mid-Segment Housing Projects

Real estate joint venture Kumar Vibe Properties Pvt Ltd, a 50:50 collaboration between Kumar Properties and Infrastructure LLP (led by Hitesh Jain) and Vibe Realty Pvt Ltd (led by Gopal Sarda), has secured a ₹115 crore investment from Nisus Finance, the companies announced in a joint statement on July 23.

The capital infusion will be used to develop three residential projects located in Khar West, Goregaon West (Mumbai) and NIBM (Pune).

These projects are tailored for different segments of the housing market:

Ultra-luxury homes priced at ₹7 crore and above in Khar West

Premium luxury residences ranging from ₹3 crore to ₹4.25 crore in Goregaon West

Aspirational homes up to ₹1.25 crore in NIBM, Pune

Collectively, the projects are expected to generate a topline of over ₹1,100 crore, the statement said.

Speaking on the partnership, Gopal Sarda, Founder & CEO of Vibe Realty, said the funding reflects confidence in their execution capabilities and vision to deliver differentiated living experiences. “This strategic alliance with Nisus Finance not only ensures financial closure but also strengthens our position in these high-demand urban pockets,” he noted.

Avadhoot Sarwate, CIO of Nisus Finance, said the JV fits their investment philosophy, given the group’s professional leadership, location strategy, and strong market reputation. “We believe in backing teams that demonstrate execution excellence and vision for scale — Gopal Sarda’s leadership exemplifies both,” he added.