3 days ago
BNW Developments targets Rs 20,000 crore worth of projects by next year
UAE-based BNW Developments, spearheaded by Ankur Aggarwal and Vivek Anand Oberoi, is set to launch projects worth Rs 20,000 crore next year, building on their existing Rs 10,000 crore portfolio.
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UAE-based BNW Developments , a company promoted by Ankur Aggarwal and Vivek Anand Oberoi , plans to launch projects worth Rs 20,000 crore next company has already launched projects worth Rs 10,000 crore and has 30 projects in its plans to add 10–15 more projects by next year.'We are acquiring ready-to-move-in buildings in Dubai and selling them again after refurbishing. There is a demand-supply gap, and we feel these projects are important for the region,' said Ankur Aggarwal, chairman and founder of BNW company has recently entered into a collaboration with FashionTV to launch a branded residential development on Al Marjan Island in Ras Al Khaimah—an area currently undergoing rapid development and positioning itself as a hub for tourism, investment, and luxury real estate within the million visitors are expected to visit Ras Al Khaimah every year by 2027, and the company is focused on branded residences to bridge the gap in demand and supply there.'Al Marjan Island, and Ras Al Khaimah as a whole, are no longer peripheral players. With strategic infrastructure investments, global hospitality interest, and visionary governance, this region is fast becoming a nucleus for new-world urbanism,' Aggarwal Indian Hotels Company (IHCL), in collaboration with UAE-based luxury real estate firm BNW Developments, had launched Taj Wellington Mews on Al Marjan Island in Ras Al development offers a total of 342 ultra-luxury units, comprising 185 studio apartments, 117 one-bedroom apartments, 26 two-bedroom apartments, eight three-bedroom apartments, and six retail global names like Wynn Resorts making their debut on Al Marjan Island, the area has seen a significant rise in demand, with projected rental yields reaching upwards of 8–14%, making it a lucrative choice for discerning investors.
