Meghna Infracon Soars with the Launch of Luxury Residential Project in Mumbai
Meghna Infracon Infrastructure, Residential Project, Rivaan, Goregaon, Mumbai, Real Estate
Real EstateResidential ProjectMumbaiLuxury LivingMeghna Infracon InfrastructureReal Estate NewsJun 26, 2024
The Rivaan project, built on approximately 1 lakh square feet of carpet area, offers a community living concept with residences in 1 and 2 BHKs, along with commercial units on the first floor. According to the company's managing director, Vikram Jayantilal Lodha, the construction work at the site has commenced and will be executed as per the scheduled timelines.
This luxury residential project marks a significant milestone in Meghna Infracon's journey towards becoming a preferred developer in Mumbai. The company has recorded a revenue of Rs 12.93 crore in the fiscal year 2022-23, despite incurring a net loss of Rs 1.97 crore.
At present, the company's shares are trading at a price to earnings multiple of 1576.98 times, with an earning per share of Rs 0.25. By 02 00 PM, the shares had pared most of their gains and were trading 7.62% higher at Rs 423.45 per share on the BSE, while the BSE Sensex was up 0.70% at 78,600 levels.
Information Meghna Infracon Infrastructure is a microcap firm that has been actively involved in the development of residential and commercial projects in Mumbai. With the launch of Rivaan, the company aims to establish itself as a leading player in the luxury real estate market in Mumbai.
Meghna Infracon Infrastructure is a leading real estate developer with a focus on creating luxurious and affordable living spaces in Mumbai.
Frequently Asked Questions
What is the name of the residential project launched by Meghna Infracon Infrastructure?
The name of the residential project is Rivaan, located in Goregaon (west), Mumbai.
What is the carpet area of the Rivaan project?
The Rivaan project is built on approximately 1 lakh square feet of carpet area.
What is the market capitalization of Meghna Infracon Infrastructure?
The market capitalization of Meghna Infracon Infrastructure is Rs 460 crore.
What is the revenue of Meghna Infracon Infrastructure in the fiscal year 2022-23?
The revenue of Meghna Infracon Infrastructure in the fiscal year 2022-23 is Rs 12.93 crore.
What is the earning per share of Meghna Infracon Infrastructure?
The earning per share of Meghna Infracon Infrastructure is Rs 0.25.
Related News Articles
Mumbai Leaps to Second Spot in Global Prime Property Price Surge
Mumbai secures second position globally for highest annual price increase in prime residential properties, with a 13% rise in the June quarter.
MahaRERA Intensifies Recovery Efforts, Collects Rs 200 Crore for Homebuyers
MahaRERA's recovery efforts have resulted in the collection of Rs 200.23 crore in compensation for homebuyers in Maharashtra. Mumbai city contributed Rs 46.47 crore, Mumbai suburban Rs 76.33 crore, and Pune Rs 39.10 crore.
MNCs Leasing Over 51 Lakh Sq Ft for GCCs in Delhi-NCR: A Real Estate Boom
Multinational corporations (MNCs) have leased nearly 51 lakh square feet of office space in the last two years to set up Global Capability Centers (GCCs) in the Delhi-NCR region. This surge in demand for office space underscores the region's growing impor
Westcon, a Subsidiary of Solitaire Group, Acquires 10 Acres in Pune's Wagholi
The latest acquisition by Westcon, a subsidiary of the Solitaire Group, marks a significant step in the real estate development trend in major cities like Mumbai, Pune, Chennai, Hyderabad, and Bengaluru.
Birla Estates' Strategic Focus on Premium Real Estate for Long-Term Growth
Birla Estates, a leading real estate developer, is making calculated investments in premium and luxury residential segments in Pune. The company's capital-efficient model and steady expansion strategy are aimed at achieving long-term gains in a highly competitive market.
Mumbai Real Estate Surges with Record Stamp Duty and Premium Sales in FY25
The real estate market in Mumbai witnessed a significant surge in property registrations, breaking the 15,000 mark in March 2025, marking a record-breaking year for the industry.