Gold
Edelweiss Financial makes Rs 1.7 Bn exit from Andheri project
Edelweiss Financial Services has successfully exited with Rs 1.75 billion from Paradigm Realty’s mixed-use township project, 102 Downtown, located in Mumbai's Andheri West suburb. The repayment, completed two quarters ahead of schedule, was facilitated by strong sales collections and refinancing at an interest rate below 13% per annum. This milestone marks the transition to the project's second development phase, according to Paradigm Realty. The debt, raised two years ago, supported the residential phase of 102 Downtown, a 10-acre joint venture with Prozone Realty. The project features a 4..
UP Govt plans 'New Agra' heritage city on Yamuna Expressway
The state government of Uttar Pradesh has planned the development of a heritage city called ‘New Agra Urban Centre’ along the Yamuna Expressway in Agra district. The new city, designed by the Yamuna Expressway Industrial Development Authority (YEIDA), will primarily focus on commercial and tourism activities. Covering 10,500 hectares of land—about half the size of Noida—the city will be developed on land identified in 60 villages of the Etmadpur tehsil in Agra. The draft blueprint for New Agra was created in collaboration with a consultant after conducting socio-economic surveys of th..
Avighna buys Dubai commercial property for Rs 5.55 billion
Avighna Group, a prominent real estate developer, has acquired Emaar Business Park-Building 3, a Grade A commercial property in Dubai, for Rs5.55 billion. The transaction was completed through its UAE arm, Avighna Invest, marking the group’s entry into the Gulf Cooperation Council (GCC) market. Located on Sheikh Zayed Road, the six-storey tower spans 150,000 sq ft of office and retail space, with a 90% occupancy rate. Tenants include notable names such as Standard Chartered, Godiva, Starbucks, and Hamptons. Situated in The Greens at Emirates Living, the property enjoys proximity to Dubai In..
