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Micro Mitti will invest INR 400 crore to develop Madhuvan Township, a 30-acre green residential project in Indore featuring 465 villas. The township is designed to prioritize health and well-being, marking a shift from traditional real estate measures like location, size, and cost. Founded in 2023, Micro Mitti focuses on democratizing access to institutional-grade real estate assets and enabling long-term wealth creation for investors. Earlier this year, the company raised INR 90 crore to expand its operations, highlighting growing interest in innovative, structured real estate investment opportunities in India.
Proptech company Micro Mitti is set to invest around INR 400 crore to develop a 30-acre green township project in Indore, Madhya Pradesh. The township, named Madhuvan Township, will comprise 465 villas and is designed to prioritize health and wellness alongside modern residential living. The estimated total development cost for the project is between INR 350 crore and INR 400 crore. Advertisement
The founder and CEO, Manoj Dhanotiya, highlighted that the project aims to shift the traditional real estate approach in India, where location, cost, and size have been the primary measures of value. He stated that with Madhuvan, health and well-being will take precedence, reflecting a growing demand for healthier living spaces among residents.
Micro Mitti, founded in 2023, focuses on providing investors access to high-quality institutional-grade real estate assets. The company aims to democratize real estate investment by allowing smaller investors to participate in projects that traditionally required large capital commitments. Earlier this year, Micro Mitti raised INR 90 crore from investors to fund its business expansion, reflecting increasing interest in structured and innovative real estate investment models in India.
Madhuvan Township is expected to combine sustainable design elements, green spaces, and community-focused amenities. By emphasizing health-oriented living, the project aligns with broader trends in the Indian property sector, where wellness, open spaces, and quality of life are becoming key considerations for homebuyers. The township's design is expected to attract both investors and end-users seeking modern, environmentally conscious housing options in Indore.
Source PTI
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