Royal India Corporation (RICL) has embarked on an ambitious venture in Kalyan, Maharashtra. The company announced investing an estimated INR 450 Crore in its upcoming residential project, named Kalyan Marina.
Spanning an anticipated 2.2 Acres of land, Kalyan Marina has a development potential of approximately 5 Lakh-SqFt. The project is set to commence in May 2024 and promises spacious living spaces coupled with world-class amenities. It aspires to set new standards of comfort and redefine modern living in Kalyan.
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Notably, Sunder Iyer and Mangal Keshav’s family offices are key investors in this venture, positioning themselves as significant non-promoter shareholders. This colossal undertaking by Royal India Corporation is expected to generate an estimated revenue of INR 175 Crore.
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