Jaipur-Based Manglam Group Expands to Mumbai Real Estate with ₹150 Crore Project
Manglam Group, a prominent real estate player from Jaipur, is making waves in Mumbai with a ₹100 crore redevelopment project in Borivali, set to generate ₹150 crore in revenue.
Manglam GroupMumbai Real EstateRedevelopmentBorivaliN K GuptaReal Estate MumbaiOct 07, 2025
According to the company, the project spans 80,000 sq ft of prime land, marking Manglam’s growing presence in the city’s thriving real estate market and reflecting its commitment to creating high-quality homes through redevelopment.
The company said that the project will comprise 80 apartments, with half reserved for existing tenants and the other half available for sale in the open market. The company will build 2 BHK apartments with RERA carpet sizes ranging from 680 to 776 sq ft. The project is situated on SV Road, near Borivali Railway Station.
“Mumbai has always been a city of opportunity, and redevelopment is central to its future growth story. Our vision is to contribute meaningfully to Mumbai’s evolving skyline while creating sustainable value for all stakeholders, including tenants, new homebuyers, and the broader community. With an investment commitment of ₹100 crore, we are confident that Manglam Rajanigandha will stand as a benchmark for quality redevelopment and set a new standard for residential living in the city,” said N K Gupta, chairman, Manglam Group.
Homeowners will also enjoy a complimentary lifetime membership at the Mandapeshwar Civic Federation Gymkhana, a premier social and recreational institution, in addition to the project's own offerings.
Manglam Group was founded in 1997 and has delivered units to 35,000 families spanning townships, residences, and more, totalling 518 lakh sqft and 87+ completed and 32 ongoing projects. The company also has ventures, including Manglam Spa and Resort, The Jaipur Westin, Manglam Plus Medicity Hospital, and Fun Kingdom amusement park, which are part of the Group.
Mumbai Redevelopment Market
According to the Knight Frank India report, as many as 44,277 apartments worth ₹1.30 lakh crore are expected to enter Mumbai’s real estate market through the redevelopment segment by 2030. The free-sale component from society redevelopments is projected to generate around ₹7,830 crore in stamp duty and ₹6,525 crore in Goods and Services Tax (GST).
The report stated that the Borivali, Andheri, and Bandra micro-markets emerged as the top three redevelopment hotspots, collectively contributing over 139 acres of activity.
Frequently Asked Questions
What is the total investment for the Manglam Group project in Mumbai?
The total investment for the Manglam Group project in Mumbai is ₹100 crore.
How many apartments will the project comprise?
The project will comprise 80 apartments, with half reserved for existing tenants and the other half available for sale in the open market.
Where is the project located?
The project is located on SV Road, near Borivali Railway Station.
What are the RERA carpet sizes of the apartments?
The RERA carpet sizes of the apartments range from 680 to 776 sq ft.
What additional benefits will homeowners receive?
Homeowners will receive a complimentary lifetime membership at the Mandapeshwar Civic Federation Gymkhana, a premier social and recreational institution.
Related News Articles
Pune's Nightlife Takes a Hit: Under-25s Barred from Popular Clubs
Following the Porsche accident case
Domestic Abuse in Pune: Woman Abducted by Husband and In-Laws, Police Investigation Underway
A shocking incident of domestic violence has come to light in Pune, where a woman was kidnapped by her husband and in-laws, sparking a police investigation.
Schneider Electric Revolutionizes India's Real Estate Market with Innovative Solutions
Schneider Electric unveiled pioneering Home Energy Management Solutions at BuildCon 2024, catering to India's growing demand for smart and sustainable homes.
US Real Estate Mogul Brandon Miller's Shocking Debt Revealed After Tragic Death
Brandon Miller, a wealthy real estate developer, had only $8,000 in his bank account despite owing $34 million in debt. His financial struggles were largely due to his lavish lifestyle and massive loans on his Hamptons mansion.
PVR INOX to Shut Down 70 Underperforming Screens in FY25
The company plans to explore the potential monetisation of non-core real estate assets located in prime areas, including Mumbai, Pune, and Vadodara.
Real Estate Slump in Indore During Diwali: High Prices and Excess Inventory Dampen Sales
Despite the festive season of Diwali, real estate sales in Indore remain sluggish, primarily due to high property prices and an oversupply of inventory.