New Delhi: Keystone Realtors (Rustomjee Group) has been selected as the developer to redevelop the plots and plots of Veena Nagar Cooperative Housing Society and Neelkamal Gur Cooperative Housing Society, located on an approximately 12,120 sq m site in Malad (West). Ta. ), Mumbai.
Mr. Boman Irani, Chairman and Managing Director of the company, said, “We have been selected as the redevelopment partner by two societies with a combined GDV of over 12,120 square meters in the vibrant area of Malad West. I am pleased to announce that.” It's about Rs 12 billion. ”
In addition to rehousing 342 existing members of both the societies, the redevelopment is expected to generate around 3,42,000 sq ft of salable potential with an estimated gross development value (GDV) of around Rs 1,000 crore. 12 billion.
The project is scheduled to begin next calendar year.
With these additions, Rustomjee has added eight new projects in the current fiscal year, taking the total GDV to around Rs 7,000 crore.
Most Read in the Industry
Join a community of over 2 million industry professionals
Subscribe to our newsletter for the latest insights and analysis.
Download the ETRealty app
- Get real-time updates
- Save your favorite articles
