Revamping Mumbai's Suburbs: Paradigm Realty to Redevelop 11 Housing Societies
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Real EstateHousing SocietiesMumbaiRedevelopmentIndian Construction MarketReal Estate NewsJun 28, 2024
Both these projects cover approximately 0.5 Acres of land with estimated revenues of INR 500 Crore each. The Kandivali's Mahavir Nagar project boasts a development potential of over 2.5 Million SqFt, with a GDV of nearly INR 3,500 Crore. This strategic move by Paradigm Realty in these prime locations is set to transform the landscape significantly, expecting substantial growth from these projects. With Mumbai's suburbs undergoing rapid transformation, this redevelopment project is expected to have a profound impact on the city's infrastructure and real estate market.
Frequently Asked Questions
How many housing societies is Paradigm Realty redeveloping in Mumbai?
11
What is the collective development value of the projects?
INR 4,500 Crore
Which areas in Mumbai are concerned with the redevelopment projects?
Bandra and Kandivali
What is the estimated revenue from the projects in Bandra's Pali Hill and Carter Road?
INR 500 Crore each
What is the development potential of the Kandivali's Mahavir Nagar project?
Over 2.5 Million SqFt
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