Paradigm Realty has signed agreements to redevelop 11 housing societies in Mumbai’s western suburbs, Bandra and Kandivali. These housing complexes will have a collective development value of INR 4,500 Crore, covering nearly 5 Acres of land.
The projects in Bandra’s Pali Hill have a development potential of approximately 1.5 Lakh SqFt, whereas the Carter Road projects have a construction area of nearly 1.6 Lakh SqFt. Both these projects cover approximately 0.5 Acres of land with estimated revenues of INR 500 Crore each.
Also Read: A Look at India’s Top Upcoming Ambitious Infrastructure Projects
Meanwhile, the Kandivali’s Mahavir Nagar project boasts a development potential of over 2.5 Million SqFt. It has a GDV of nearly INR 3,500 Crore. The strategic move of Paradigm Realty in these prime locations are set to transform the landscape significantly and expects substantial growth from these projects.
Biltrax Construction Data is tracking 31,000+ projects on their technology platform for their clients.
Get exclusive access to upcoming projects in India with actionable insights. Furthermore, gain a competitive advantage for your products in the Indian Construction Market.
Visit www.biltrax.com or email us at contact@biltrax.com to become a subscriber and generate leads.
Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, The image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article, please email editor@biltrax.com.
1
