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Mumbai high-rise project eyes Rs 2,400 cr revenue
7 Apr
Summary
- New project in Goregaon West, Mumbai, has revenue potential of Rs 2,400 crore.
- The high-rise residential project covers 0.67 million sq. ft. of saleable area.
- This marks Arvind SmartSpaces' third project in the Mumbai Metropolitan Region.
Arvind SmartSpaces has officially signed an agreement for a new residential high-rise project situated in Goregaon (West), Mumbai. This venture boasts a substantial top-line revenue potential estimated at Rs 2,400 crore. The project encompasses a total saleable carpet area of approximately 0.67 million square feet.
The development is being undertaken in collaboration with Sigma Oxford Realtors. Specifically, it involves a joint redevelopment project in Siddharth Nagar, a prime micro-market within Mumbai's Western suburbs. This initiative is strategically significant for Arvind SmartSpaces.
This new project represents Arvind SmartSpaces' third residential development within the Mumbai Metropolitan Region (MMR). Furthermore, it is their second high-rise project within Mumbai city itself, underscoring their growing commitment and presence in the region.
