The fund will primarily focus on real estate projects in the Mumbai Metropolitan Region (MMR).
Real EstateAifMumbai Metropolitan RegionInvestmentDevelopmentReal Estate MaharashtraNov 14, 2024
Build Nivesh's inaugural AIF is an Alternative Investment Fund that has secured Rs 400 million to invest in real estate projects, primarily in the Mumbai Metropolitan Region (MMR).
The MMR was chosen due to its dynamic growth, strong demand for real estate, robust infrastructure, and thriving economy, making it an ideal location for high-potential investments.
The AIF will fund a variety of real estate projects, including residential, commercial, and mixed-use developments in the MMR.
Build Nivesh has a strong track record of successful ventures, including luxury residential complexes and commercial office spaces, with a focus on sustainable development and innovative design.
The AIF is expected to create jobs, boost economic activity, and contribute to the overall development of the MMR, generating numerous benefits for the local community and investors alike.
Maharashtra has appointed 12 officers to expedite the recovery of Rs 912 crore under the MahaRera scheme, focusing on protecting the interests of homebuyers in key districts such as Mumbai City, Mumbai Suburban, Thane, and Pune.
The company is expecting a growth of 20-30% in bookings during 2024-25, driven by new project launches worth ₹2,000-2,500 crore.
Gurugram's real estate market has seen a significant surge in luxury project launches, reaching Rs 88,000 crore in 2024, reflecting a strong demand for upscale properties.
Recent data from a leading real estate consultancy reveals that retail space leasing in Grade-A malls and prime high streets across major cities has witnessed a significant 5% growth in 2024, driven by strong demand and consumer confidence.
Hindalco Industries has agreed to sell a land parcel in Maharashtra to Ekamaya Properties Pvt Ltd, a subsidiary of Birla Estates Pvt Ltd, for Rs 595 crore.
Piper Sandler remains optimistic about the housing market, predicting a continued rise in rental prices until 2026. This forecast aligns with recent market data, indicating that real estate companies are adapting to evolving market conditions.