MIIL Group announces New Development of Residential Project in Santacruz, Mumbai

Meghna Infracon Infrastructure Limited is pleased to announce that it has entered into a Development Agreement with Jose Ville for a redevelopment of Residential project in Santacruz West, Mumbai.

Re-development of a residential project about Twenty Eight Thousand Sq.Ft construction area, will lead estimated revenue of Rs.370 million. The project is in line with the Company's mission to develop distinguished properties that offer modern living standards. With a firm dedication to excellence and client fulfillment, the company looks forward with enthusiasm to the completion of this project. The project is expected to be launched in CY 2025.

The land parcel lies in the well-developed residential area and is located close to Santacruz Railway Station With schools, colleges, hospitals and shopping avenues located within a 2 km radius of the project, this new development will offer great connectivity to corporate hubs and recreational centers in close proximity.

Commenting on this development, Mr. Vikram Jayantilal Lodha, Managing Director said "We are excited to collaborate with Jose Ville on this prestigious project. Our team is diligently working on the planning phase and will soon seek necessary approvals to commence construction in the upcoming Financial Year. We are dedicated to expanding our development portfolio in key areas of Mumbai, aiming to enhance the company's overall performance".

Meghna Infracon Infrastructure Limited (Script Code-538668),emerging name in real estate development across the residential sector in Western Mumbai region. The company has a residential projects located in the premium location of Goregaon and Andheri where they have established their presence. We are primed for ongoing success and expansion within the real estate sector.

Shares of Meghna Infracon Infrastructure Limited was last trading in BSE at Rs. 1121.25 as compared to the previous close of Rs. 1127.85. The total number of shares traded during the day was 76223 in over 2063 trades.

The stock hit an intraday high of Rs. 1149.00 and intraday low of 1105.00. The net turnover during the day was Rs. 86193115.00.

Source : Equity Bulls

Keywords

INE898Q01015 MeghnaInfraconInfrastructure Residential Commercial Projects DevelopmentAgreement SantacruzWest Mumbai