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Manglam Group has launched a redevelopment project, Manglam Rajanigandha, in Borivali (West), Mumbai, investing INR 100 crore on 80,000 sq ft of land. Developed through Manglam & Karnani Ventures LLP, the project is expected to generate INR 150 crore in revenue. It will offer 80 apartments, with half allocated to existing residents and half for sale. Founded in 1997, Manglam Group has delivered over 35,000 homes and operates in the hospitality sector. The project is planned for completion by mid-2026, marking the company's strategic entry into Mumbai's redevelopment sector.
Manglam Group has entered Mumbai's redevelopment market with a new residential project in Borivali (West). The Jaipur-based realty company, through its joint venture Manglam & Karnani Ventures LLP, will invest INR 100 crore to redevelop a housing society in the area. The project, named Manglam Rajanigandha, is being developed on 80,000 sq ft of prime land and is expected to generate revenue of INR 150 crore. Advertisement
The development is planned to feature 80 apartments. Half of these units will be reserved for existing tenants of the society, while the remaining units will be available for sale. This approach is designed to ensure continuity for current residents while also providing new housing options for buyers in one of Mumbai's sought-after suburbs.
Manglam Group, which was founded in 1997, has delivered more than 35,000 homes across different residential projects. The company is also active in the hospitality sector, adding to its diversified portfolio. The Manglam Rajanigandha project is scheduled for completion by mid-2026, demonstrating the company's ongoing commitment to expanding in Mumbai while maintaining high standards in residential redevelopment projects.
Source PTI
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