Manglam Group Enters Mumbai's Redevelopment Market with ₹100 Crore Project
Manglam Group, a prominent real estate developer, has announced its entry into Mumbai’s redevelopment market with a ₹100 crore project in Borivali (West). This strategic move highlights the growing importance of redevelopment in the city's real estate sector.
Real EstateRedevelopmentMumbaiManglam GroupBorivaliReal Estate NewsOct 06, 2025
With limited availability of free land parcels in Mumbai, real estate developers are increasingly turning to redevelopment as a key strategy to expand their footprint in the city while upgrading aging housing stock. The latest to capitalize on this opportunity is real estate developer Manglam Group, which has announced its foray into Mumbai’s redevelopment market with the launch of its flagship residential project, Manglam Rajanigandha, in Borivali (West).
The project, being developed under Manglam & Karnani Ventures LLP, involves an investment of ₹100 crore and is projected to generate approximately ₹150 crore in revenues upon completion. Spread across 80,000 sq. ft. of prime land, the redevelopment will deliver 80 contemporary two-bedroom apartments, half of which will be allocated to existing tenants, with the remainder offered to new homebuyers.
With RERA carpet areas ranging from 680 to 776 sq. ft., the apartments are designed to balance functionality with comfort. Completion is scheduled for June 2026. Announcing the launch, NK Gupta, Chairman of Manglam Group, stated, “Mumbai has always been a city of opportunity, and redevelopment is central to its future growth story. Manglam Rajanigandha is not just about redeveloping a parcel of land; it is about revitalizing a neighborhood and reimagining how families experience urban living. With an investment of ₹100 crore, we are confident this project will stand as a benchmark for quality redevelopment.”
The Borivali development underscores the growing significance of redevelopment as a driver of growth in Mumbai’s real estate sector. Amrita Gupta, Director of Manglam Group, added, “Redevelopment is one of the most important transformation drivers for Mumbai. Borivali is a neighborhood that blends tradition with modernity, and this project has been designed to reflect exactly that. We are confident it will become a landmark address.”
The project also places strong emphasis on lifestyle amenities. It will feature landscaped green zones, a fitness center, and terrace facilities including a yoga deck, jogging track, and sun deck. Additionally, all homeowners will receive a lifetime membership at the Mandapeshwar Civic Federation Gymkhana, offering access to sports, cultural, and recreational activities.
For Manglam Group, this venture marks a strategic expansion into Mumbai’s high-demand redevelopment space, building on its established presence in Rajasthan. With 87 completed projects and 32 ongoing developments across India, the group is now positioning itself to seize opportunities in the country’s financial capital, where redevelopment is expected to dominate new residential supply over the coming decade.
Frequently Asked Questions
What is the total investment for the Manglam Rajanigandha project?
The total investment for the Manglam Rajanigandha project is ₹100 crore.
How many apartments will be developed in the project?
The project will deliver 80 contemporary two-bedroom apartments.
When is the expected completion date for the project?
The expected completion date for the project is June 2026.
What are some of the lifestyle amenities included in the project?
The project includes landscaped green zones, a fitness center, a yoga deck, a jogging track, and a sun deck. Homeowners will also receive a lifetime membership at the Mandapeshwar Civic Federation Gymkhana.
How many projects has Manglam Group completed and how many are ongoing?
Manglam Group has completed 87 projects and has 32 ongoing developments across India.
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