Mumbai-Based Developer Avighna Acquires Dubai’s Emaar Business Park 3 for Rs. 555 Crore

Avighna Group, a prominent Mumbai-based developer, has acquired Emaar Business Park 3 in Dubai for approximately Rs. 555 crore. This multi-tenanted Grade-A office building on Sheikh Zayed Road strengthens Avighna’s global real estate portfolio and marks its strategic entry into the thriving GCC property market.

CIDCO’s Scheme Receives 92,000 Applications for 26,000 Homes

CIDCO’s “Select My CIDCO Home” Mass Housing Scheme has generated tremendous interest, with 92,000 applications received for 26,000 affordable homes across Navi Mumbai. The registration deadline has been extended to December 11, 2024, providing more time for eligible applicants to secure their chance to own a home in one of the city’s most well-developed locations.

Indian Real Estate Sector Poised to Cross $4.8 Trillion by 2047, PropTech to Reach $600 Billion, Says CREDAI-EY Report

India’s real estate sector is projected to exceed $4.8 trillion by 2047, contributing 18% to the country’s GDP. PropTech, driven by innovations like AI and IoT, is set to grow significantly, reaching a $600 billion market size. Strategic reforms and policy changes are key to unlocking the sector’s full potential.

Maharashtra’s Property Market Eyes Major Reforms With Formation of the New Government

As the Mahayuti alliance prepares to form the new government in Maharashtra, the real estate sector is anticipating major reforms aimed at reshaping the industry. Key industry leaders are calling for streamlined project approvals, improved infrastructure connectivity, and policies supporting affordable housing and luxury developments. These reforms are expected to drive economic growth, foster sustainable urban development, and position Maharashtra as a leading investment hub on the global real estate map.

Nippon Life India Acquires Premium Commercial Properties in Mumbai for ₹486 Crore

Nippon Life India Asset Management Ltd. has made a significant move in Mumbai’s commercial real estate market by acquiring two office properties in Lower Parel for Rs. 486.03 crore. The acquisition highlights growing demand for Grade-A office spaces in key business districts like Lower Parel, as multinational firms continue to seek premium office spaces in Mumbai.