India, July 23 -- Kumar Vibe Properties Pvt Ltd, a 50:50 joint venture between Kumar Properties and Infrastructure LLP, led by Hitesh Jain, and Vibe Realty Pvt Ltd, led by Gopal Sarda, has secured a Rs.115 crore investment from Nisus Finance, according to a joint statement issued on July 23.

The funds will be used to develop three projects located in Khar West and Goregaon West in Mumbai, and the NIBM area in Pune.

These developments cater to distinct segments, ultra-luxury residences priced at Rs.7 crore and above at Khar West, premium luxury homes ranging from Rs.3 crore to Rs.4.25 crore, at Goregaon West, and aspirational homes available up to Rs.1.25 crore at NIBM Pune.

The three projects together have a topline of more than Rs.110...