Curation Team
NEW DELHI: Manglam Group has entered into Mumbai’s redevelopment market with the launch of its residential project – Manglam Rajanigandha, in Borivali (West).
The project is being developed under Manglam & Karnani Ventures LLP.
“With an investment commitment of ₹100 crore, we are confident that Manglam Rajanigandha will stand as a benchmark for quality redevelopment and set a new standard for residential living in the city,” said N. K. Gupta, chairman of the company.
With an investment of ₹100 crore and a projected revenue of ₹150 crore, the project is spread across 80,000 sq ft of land and is scheduled for completion by June 30, 2026.
The development will feature 80 apartments, with half reserved for existing tenants and the other half opening opportunities for new homebuyers. Carpet sizes of the apartments will range from 680 to 776 sq ft.
