Avighna Group launches two luxury towers in South Mumbai

Housing News Desk

1 year ago

Real estate developer Avighna Group has started construction of two luxury residential towers in Worli. While the first tower will have 17 storeys, the other will boast 35 storeys. Together, these two towers will have a saleable area of 200,000 sqft. Offering both residential and retail units, the two towers will feature 3, 4, 5 BHK apartments.

The two projects will entail an investment outlay of Rs 1,000 crore. The debt-free developer will fund both projects entirely through internal accruals, without seeking any external borrowings or institutional funding. Construction work on both projects has commenced.

Nishant Agarwal, managing director, Avighna Group, said, “Being a family-owned firm, it has been our philosophy to develop all projects with our own funds. This not only enables us to execute the projects in a time-bound manner but also allows us to offer the best quality projects that fetch a premium in the market. The investment approach is aligned with Avighna’s process of taking up select projects with defined deadlines and quality parameters.”

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Housing News Desk

Housing News Desk is the news desk of leading online real estate portal, Housing.com. Housing News Desk focuses on a variety of topics such as real estate laws, taxes, current news, property trends, home loans, rentals, décor, green homes, home improvement, etc. The main objective of the news desk, is to cover the real estate sector from the perspective of providing information that is useful to the end-user.

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