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Meghna Infracon Bolsters Presence in Mumbai: Acquired Land in Goregaon

05 September 20242 mins read by Angel One
The construction of the property will be executed by “Meghna Developers AOP”, an associate entity of Meghna Infracon Infrastructure Limited.
Meghna Infracon Bolsters Presence in Mumbai: Acquired Land in Goregaon
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Meghna Infracon Infrastructure Limited is pleased to announce the launch of its latest residential project, “Manju Villa,” situated in Goregaon (West). This project signifies our strategic entry into Mumbai’s luxury real estate market.

Manju Villa will encompass approximately 30,000 square feet of construction area and is anticipated to generate revenue of around ₹370 million upon completion and delivery to the tenants.

The construction will be managed by Meghna Developers AOP, an affiliate of Meghna Infracon Infrastructure Limited, which holds a 90% stake in this entity.

The launch of “Manju Villa” represents a significant milestone in our commitment to becoming a leading name in luxurious real estate development in Mumbai. Construction has already commenced and is progressing according to schedule. The project introduces an innovative community living concept with options for 1 and 2 BHK residences in a prime Goregaon West location.

Commenting on this development, Mr Vikram Jayantilal Lodha, Managing Director, said, “We are excited to announce the acquisition of this prestigious development project at Jawahar Nagar Goregaon (West). This project aligns with our vision, where it counts on strengthening MIIL Group’s presence in the Mumbai region by creating iconic developments that offer a superior living experience. We look forward to delivering yet another benchmark project that reflects our commitment to excellence.”

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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