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.
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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.
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