Nisus Finance, an alternatives manager, has invested Rs 60 cr in a premium residential project Eon One, in Prabhadevi, being developed by Eon Group.
Eon Group (previously known as Siddharth Group) is promoted by Bharat Shah and Palash Shah, with a legacy spanning 30+ years. Currently, the group has 1 million square feet under development.
The investment by Nisus Finance is in their project called Eon One, a residential project located near Siddhivinayak Temple in Prabhadevi. The project has 9 podiums with ample car parking, a dedicated amenity floor and 24 habitable floors offering contemporary and efficiently designed, sea-facing 2 & 3 BHKs.
Nisus Finance has invested with prominent listed developers like Shriram Properties and Purvankara besides other key developers in Mumbai.
Amit Goenka, CEO, Nisus Finance, stated, “Our investment in this project is structured to provide superior return to all stakeholders and timely delivery of the project.”
Bharat Shah, chairman, Eon Group, added, “The partnership with Nisus Finance is very valuable in delivering and exceeding the promise of our project.”
Palash Shah, MD, Eon Group, added, “Nisus Finance’s adeptness in structuring real estate investments is a key factor in bringing this unique project to life. We are confident that Nisus is the right capital partner to unlock maximum value from this project while swiftly delivering a very special and superior product.”
Prior to joining his father at Eon Group, Palash previously held positions in real estate private equity at Brookfield Asset Management and Starwood Capital Group. He is an alumnus of The Wharton School at the University of Pennsylvania.
