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Divine Serenity Residential Development Represents Investment of More Than 30 Million US Dollars

Latest Tanzania real estate news · Divine Serenity Residential Development Represents Inve… explained · updated Aug 10, 2026 · breaking news · latest updates · explained

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TLDR

  • TISEZA reported that nine expansion and rehabilitation projects registered during January-March 2025 were expected to generate 1,542 jobs and attract more than 100 million US dollars in investment.
  • The development represents an investment of more than 30 million US dollars and comprises 136 premium residences.
  • According to the Tanzania Investment and Special Economic Zones Authority (TISEZA), Tanzania registered 915 investment projects valued at 10.95 billion US dollars in 2025, up from 252 projects worth 3.7 billion US.
  • For joint-venture partner Mr Victor Mgawe, the project carries a personal meaning because his family had occupied the land since 1994, making the site part of their lives for more than three decades.
  • The relationship was elevated to a Strategic Partnership in 2023 following President Samia Suluhu Hassan’s State Visit to India, strengthening cooperation in trade, investment, development, defence, education and other.

Latest news excerpts & sources: Divine Serenity Residential Development Represents Inve…

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Divine Serenity is a premium residential development located on Haile Selassie Road in Masaki, Dar es Salaam, part of Indiabased Nav Durga Group. The development represents an investment of more than 30 million US dollars and comprises 136 premium residences.

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