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.
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