The last to capitalize on this opportunity is the real estate developer Manglam Group, who announced his foray into the Mumbai redevelopment market with the launch of his flagship residential project, Manglam Rajanigandha, in Borivali (west).
The project, under development under Manglam & Karnani Ventures LLP, implies an investment of 100 crosses and should generate around 150 drips of income at the end.
Distributed over 80,000 square feet of Prime Land, the redevelopment will deliver 80 contemporary apartments with two chambers, half of which will be allocated to existing tenants, the rest offered to new house buyers.
With rera carpet areas ranging from 680 to 776 square feet, the apartments are designed to balance the functionality with comfort. The completion is scheduled for June 2026.
Announced the launch, NK GUPTA, president of Manglam Group, said: “Mumbai has always been a city of opportunities, and the redevelopment is at the heart of its history of future growth. Manglam Rajanigandha does not only concern the redevelopment of a plot of land; Recentment.
Borivali’s development highlights the growing importance of redevelopment as a growth engine in the Mumbai real estate sector.
Amrita Gupta, director of the Manglam group, added: “Recentment is one of the most important transformation engines for Mumbai.
Borivali is a neighborhood that mixes tradition with modernity, and this project was designed to reflect exactly that. We are convinced that this will become a historic address. »»
The project also emphasizes lifestyle equipment. It will include landscaped green areas, a fitness center and terrace facilities, including a yoga terrace, a jogging track and a solar bridge.
In addition, all owners will receive a life subscription to Mandapeshwar Civic Federation Gymkhana, offering access to sports, cultural and recreational activities.
For the Manglam group, this company marks a strategic expansion in the redevelopment space with a high demand for Mumbai, based on its presence established in Rajasthan.
With 87 projects completed and 32 developments in progress across India, the group is now positioned to seize opportunities in the country’s financial capital, where the redevelopment should dominate the new residential offer during the next decade.
