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Rohan Lifescapes, the largest re-developer of cessed buildings in the megapolis, is launching its biggest project in the northern suburb of Borivali on a six-acre plot which has a revenue potential of over Rs 2,000 crore. Rohan Lifescapes was founded by first-generation entrepreneur Harresh Mehta in 1996, and has so far delivered 28 projects worth 6.5 million sqft of quality space, impacting 5,000 original families in them. The company has nine ongoing projects which will have around 8 million sqft of developed area, and seven upcoming launches with over 10 million sqft of saleable area, on completion, and the Borivali project is its biggest bet ever with over 25,000 sqm of saleable space, Mehta said, adding the company is sitting on a land bank of over 50 sites in prime localities. Some of its upcoming projects include Hughes Road, Malabar Hill & Chowpatty near the Nariman Point commercial hub. "The Borivali project is our biggest ever, and has a revenue potential of over Rs ...
Realty firm Godrej Properties Ltd will develop a new housing project at Kandivali East in Mumbai with an estimated sales revenue of Rs 1,000 crore. In a regulatory filing, Godrej Properties on Thursday said it has extended an existing arrangements with Shivam Realty to develop a residential group housing project, off Akurli crossroad at Hanuman Nagar, Kandivali East. "The new project will have an estimated booking value potential of approximately INR 1,000 crore," Godrej Properties said. This project is an extension of Godrej Tranquil and Godrej Nest, and will offer about 7 Lakh square feet of saleable area. Mohit Malhotra, MD & CEO, Godrej Properties, said, "We are pleased to add this project to our portfolio. Kandivali is a developed micro-market and extending our existing projects in the location fits well with our strategy of deepening our presence in key micro markets across India. In the last few months, Godrej Properties, the largest listed realty firm during the 2020-21 ..