Rs 10 bn to be invested by Avighna Group to develop towers in Mumbai

09 May 2023 CW Team

"The investment approach is aligned with Avighna's process of taking up select projects with defined deadlines and quality parameters," said Nishant Agarwal, Managing Director, Avighna Group. The architectural and design aspects for both projects are complete, and suppliers from all over the world will provide the materials for the two high-end projects.

Both residential and retail space will be found in the tower. Both projects will have luxurious residences with 3, 4, and 5 bedrooms. Both of the new projects will include top-notch amenities and luxurious features in addition to industry-leading sustainability measures, such as energy-efficient building and maintenance, resource conservation, and low carbon footprint development. While Worli has always demanded a premium price due to its enviable location and easy access to the best infrastructure and amenities, according to Agarwal, the impending coastal road and the Metro services would further solidify Worli's image as a desirable address.

Our two next projects will reset the standards of high-quality development in the region, he said, citing Worli's metamorphosis into a thriving commercial and residential neighbourhood as an excellent example of sustainable urban redevelopment. The group is a pioneer in creating historic projects in Mumbai for the past 21 years and has a wide portfolio of luxury residential, commercial, retail, and mixed-use complexes.

Avighna Group, a real estate developer located in Mumbai, has announced plans to expand its residential portfolio by building two ultra-luxury residential towers in Worli, Mumbai, with an initial expenditure of Rs 10 billion. The combined saleable area of the two towers, a 17-storey tower and a 35-storey skyscraper will be close to 2,000 square feet. According to a statement from the corporation, internal accruals will be used to pay for the projects instead of external borrowing or institutional finance. Avighna House, a commercial project at Worli Naka, a 19-storey Grade-A office skyscraper, was recently finished by the firm. The investment approach is aligned with Avighna's process of taking up select projects with defined deadlines and quality parameters, said Nishant Agarwal, Managing Director, Avighna Group. The architectural and design aspects for both projects are complete, and suppliers from all over the world will provide the materials for the two high-end projects. Both residential and retail space will be found in the tower. Both projects will have luxurious residences with 3, 4, and 5 bedrooms. Both of the new projects will include top-notch amenities and luxurious features in addition to industry-leading sustainability measures, such as energy-efficient building and maintenance, resource conservation, and low carbon footprint development. While Worli has always demanded a premium price due to its enviable location and easy access to the best infrastructure and amenities, according to Agarwal, the impending coastal road and the Metro services would further solidify Worli's image as a desirable address. Our two next projects will reset the standards of high-quality development in the region, he said, citing Worli's metamorphosis into a thriving commercial and residential neighbourhood as an excellent example of sustainable urban redevelopment. The group is a pioneer in creating historic projects in Mumbai for the past 21 years and has a wide portfolio of luxury residential, commercial, retail, and mixed-use complexes.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Real Estate

07 Jul 2026

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Infrastructure Urban

07 Jul 2026

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..