Real Estate
Meghna Infracon to Invest Up to ₹500 Crore in Five Mumbai Redevelopment Projects
Meghna Infracon Infrastructure plans to invest up to ₹500 crore to develop five redevelopment projects across Mumbai and Thane, as it looks to scale its footprint in premium residential and commercial segments.
New Delhi, April 28: The projects are located in key micro-markets including Goregaon West, Bandra West, Khar West, Juhu–Vile Parle, and Wagle Estate in Thane, with an estimated combined gross development value of around ₹600 crore.
Project-wise GDV Estimates
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Bandra West project: ~₹240 crore revenue potential
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Juhu ultra-luxury residential project: ~₹85 crore GDV
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Wagle Estate, Thane (commercial redevelopment): ~₹300 crore development potential
Company's Growth
With these additions, the company's total development pipeline is estimated to exceed 10 lakh sq ft , taking the cumulative GDV of its ongoing and planned projects to over ₹1,000 crore.
All projects are being undertaken under the redevelopment model.