Introduction
Mumbai Redevelopment: The project in Mumbai’s Malad area will have a rehabilitation component for 342 members of two societies, and the redevelopment will result in the sale of 3.42 lakh square feet of Rera carpet area, the company said in a statement.
Mumbai Redevelopment: Listed real estate developer Keystone Realtors Ltd. (Rustonji Group) announced on January 22 that it has been selected as the developer of choice to redevelop the plot and premises of Veena Nagar Co-operative Housing Society Ltd. and Neelkamal Ghruh Co-operative Housing Society Ltd. on 12,120 sq m of land in Malad West, Mumbai.
Besides rehabilitating 342 existing members of the two societies. The redevelopment will result in 3.42 lakh square feet of RERA carpet area with an estimated Gross Development Value (GDV) of Rs. 1,200 crores, the company statement said.
Rustomjee Group is at the Forefront of Development
“These projects underline Trust Communities’ position in our brand’s proven expertise in the redevelopment space. Our choice as a partner reflects the confidence these communities have in our ability to deliver exceptional results. Rustomji Group continues to be innovative and at the forefront. These projects are yet another step in our journey to shape the future of sustainable development and urban landscapes.” It represents a milestone,” said Boman Irani, Chairman and Managing Director of Keystone Realtors Limited.
The above project is expected to be launching next year. With these additions, Rustomji has already added eight new projects in the current financial year, with a total GDV of Rs. 7,000 crores, the company said.
On January 18, Ajmira Lux Realty Pvt. Ltd. (ALRPL), a joint venture between Ajmira Realty & Infra India Ltd. (ARIIL) and Keystone Realtors Ltd. (Rustonji Group) in Bandra West, raised It has announced a redevelopment project with a gross development target of Rs. 760 crore (GDV).
Conclusion
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