|     |     |    |    |     |     |  
Mahindra Lifespaces to Redevelop Two Residential Societies in Mumbai
not available
Mahindra Lifespaces to Redevelop Two Residential Societies in Mumbai
Publish on : 2023-01-20 16:22:43
The Project Will Be Developed On The Land Admeasuring Approximately 1.27 Acres and has A Revenue Potential of Around Rs 500 Crore. NEW DELHI: Mahindra Lifespace Developers, The Real Estate And Infrastructure Development Arm of The Mahindra Group, Will Redevelop Two Adjacent Residential Societies in Santacruz West, Mumbai. The Project Will Be Developed on The Land Admeasuring Approximately 1.27 Acres and has A Revenue Potential of Around Rs 500 Crore. Arvind Subramanian, Managing Director And Ceo Of The Company Said, "Society Redevelopment Offers An Attractive Avenue For New Real Estate Development In Fully Built-Out Neighbourhoods In Mumbai. We Foresee Redevelopment As An Exciting Opportunity For Reputed Real Estate Developers Expect To Build A Meaningful Presence In This Space Over The Coming Years." The Company And The Two Societies Will Execute Definitive Documents Upon Completion Of Due Diligence. Mumbai Has Limited Opportunities For Greenfield Development Due To The Absence Of Vacant Land Parcels, Especially In The Island City. The Only Viable Opportunity For Any New Development Is Through Redevelopment - A Market Estimated To Be Worth Over Rs 30,000 Crore.

@2019 TeamUp. All rights reserved. Site visitors are subject to our Privacy Policy and Terms of use.