Revamping Mumbai's Suburbs: Paradigm Realty to Redevelop 11 Housing Societies
Gain a competitive advantage in the Indian construction market with exclusive access to upcoming projects and actionable insights.
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
Related News Articles
India's Emerging Real Estate Hotspots: Vizag and Tirupati Lead the Way
Vizag and Tirupati have been identified as two of the 17 high-potential real estate hotspots in India, with Visakhapatnam expected to experience accelerated growth across various asset classes.
Blue Energy Motors Powers Maharashtra's Green Transition with New Electric Truck Plant
Maharashtra is making significant strides in its green energy transition with the establishment of Blue Energy Motors' new electric truck plant. This initiative aims to reduce carbon emissions and promote sustainable transportation solutions.
Pune: Suryadatta Institutes of Management Claims 32nd Position in Top 50 B-Schools
Pune: Suryadatta Institutes of Management, a leading educational institution in Pune, has been ranked 32nd among the top 50 B-Schools in India. This achievement highlights the institute’s commitment to excellence in management education and its focus on p
Small Developers Struggle in India's Luxury Real Estate Boom
Small developers are facing significant challenges amid the rapid growth of luxury real estate in cities like Gurugram. With high-end projects becoming the norm, smaller players are finding it increasingly difficult to compete.
Luxury Housing Market Surges with 28% YoY Growth in Q1 2025 Across Top Seven Cities
India's luxury housing market continued its upward momentum in Q1 2025, with sales of high-end homes priced above US$ 464,594.80 recording a significant 28% year-over-year growth. This robust performance is a testament to the resilience and demand in the top seven cities.
Residential Real Estate Market Sees 12% Decline in Sales Across Top Seven Cities: Q1 2025 JLL Report
The residential real estate market in India's top seven cities has witnessed a 12% decline in housing sales in the first quarter of 2025, according to a recent report by JLL. The shift in buyer preferences towards properties priced above ₹1 crore is a key factor driving this trend.