The project encompasses development potential of a million square feet with saleable area of 350,000 square feet of mixed-use development, with an estimated top-line revenue of Rs 1200 crore.
Siroya Corp, a leading developer which has executed over 3 million sq ft of real estate projects in Mumbai and Dubai, has inked a joint development project in Oshiwara, Andheri West. The project encompasses development potential of a million square feet with saleable area of 350,000 square feet of mixed-use development, with an estimated top-line revenue of Rs 1200 crore.
Read More: Registration of properties in Mumbai municipal region set to rise 11% in April
Commenting on the venture, Rishabh Siroya, Managing Director at Siroya Corp, said, “We envision a mixed-use development encompassing commercial, residential, and high street retail spaces. As per our initial discussions, we plan to launch two high rise towers of 40 storeys each comprising approximately 600 units.”
Read More: Who Is Investing In Indian Real Estate And Where? Check This Report
“Our dedication lies in crafting living spaces that not only resonate with contemporary lifestyles but also enrich the cultural tapestry of Mumbai,” he added.
This latest undertaking follows Siroya Corp’s successful delivery of 250 units in Oshiwara, which has earned accolades as a landmark project celebrated for its quality of construction and design.
Read More: The Rise of Offbeat Destinations: A paradigm shift in residential real estate
According to the company, its track record of trustworthiness has garnered confidence among investors and stakeholders, further solidifying its position in Mumbai’s real estate market.