Deals5 Jan 2026, 10:13 am
Nisus Finance Services Co Ltd's Subsidiary Secures INR 112.5 Crore Mandate for Lodha's First Residential Tower in Alibaug Development
AI Summary
Nisus Finance Services Co Ltd's subsidiary, NCCCL, has secured a repeat INR 112.5 Crore mandate for the construction of the first residential tower in Lodha's 200+ acre Mandwa, Alibaug development. The project, awarded through a competitive bidding process, involves a total built-up area of approximately 7.26 lakh sq. ft. and is expected to commence around mid-January 2026, with an execution period of approximately 24 months. This is NCCCL's third engagement with the Lodha Group.
Key Highlights
- NCCCL secures INR 112.5 Crore mandate for Lodha's first residential tower in Alibaug development.
- The project involves a total built-up area of approximately 7.26 lakh sq. ft.
- This is NCCCL's third engagement with the Lodha Group.
- The project is expected to commence around mid-January 2026.
- The execution period is approximately 24 months.