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Nisus' arm bags LoA worth Rs 112.5 crore from Lodha Developers
Jan-05-2026

Nisus Finance Services Co's subsidiary -- New Consolidated Construction Company (NCCCL) has received a Letter of Award (LoA) from Lodha Developers for the construction of Tower 1 and associated non-tower ancillary structures at Lodha Alibaug, the group’s large-format residential development at Mandwa, Alibaug. NCCCL has secured this project through a competitive bidding process, and it involves a total built-up area of around 7.26 lakh sq. ft., with an estimated contract value of Rs 112.5 crore (exclusive of GST). The building configuration includes a G+3 podium with 35 upper floors, overhead tanks (OHT), lift machine rooms (LMR), and G+3 non-tower ancillary structures.

The project represents the first residential tower within the 200 plus acre township and forms part of Phase 1 of the development. NCCCL’s scope comprises reinforced cement concrete (RCC) works, covering the project’s core structural package, among the most execution-intensive and schedule critical components of a high-rise residential development. The construction at the Mandwa, Alibaug site is expected to commence around mid-January 2026, with an execution period of around 24 months. This is NCCCL’s third engagement with the Lodha Group, following the completion of a residential project at Palava spanning around 13 lakh sq. ft. across 11 towers, and a commercial building in Thane.

Nisus Finance Services Co is mainly engaged in the business of Transaction Advisory services, while its subsidiaries, stepdown subsidiaries, and associate companies which are engaged in Real Estate and Urban Infrastructure Fund and Asset Management.

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