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.

Equipment

12 Dec 2025

Escorts Kubota Unveils BS V Next-gen Construction Range at Excon 2025

Escorts Kubota (EKL), one of India’s major engineering groups in the agricultural and construction equipment sectors, unveiled its latest BS V–compliant construction machinery line-up at Excon 2025. The refreshed portfolio underscores the company’s push toward application-driven, high-productivity solutions that reduce ownership costs and meet the needs of India’s expanding infrastructure landscape. With demand rising across urban development, industrial logistics and mining, the new range aims to deliver higher performance, durability and operator comfort.In the earthmoving segment, E..

Equipment

12 Dec 2025

ACE and Kotak Mahindra Bank Join Hands to Boost Backhoe Loader Financing

Action Construction Equipment (ACE), the world’s largest Pick-n-Carry crane maker and a leading manufacturer of material handling and construction equipment in India, has entered into a Memorandum of Understanding with Kotak Mahindra Bank to enhance the availability of flexible financing options for backhoe loader customers across the country.The collaboration aims to support contractors, infrastructure companies, entrepreneurs, SMEs, and emerging businesses by offering smoother access to credit through customised loan schemes, quicker turnaround times, and the extensive footprint of Kotak M..

Building Material

11 Dec 2025

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..