Meghna Infracon Infrastructure Ltd enters into re-development of Residential Project at Prabhadevi

Meghna Infracon Infrastructure Limited, one of the leading real estate company in Mumbai, has executed Development Agreement to Re-develop a residential project of admeasuring about Thirty One Thousand Sq.Ft construction area Situated at Dadar/Prabhadevi, Mumbai.

The development being undertaken will lead with estimated revenue of Rs.800 million. This new development marks the group's entry into Dadar/Prabhadevi after successfully developing many gated communities location in the Mumbai Metropolitan Region. The project is expected to be launched in CY 2025.

A new Sea-facing & City Facing luxury residential project lies in the well-developed residential area and is located close to Shivaji Park at Dadar as well as Prabhadevi Station, 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 centres in close proximity.

Commenting on this development, Mr. Vikram Jayantilal Lodha, Managing Director said,"This development is a part of our strategy to focus on fast growing aspirational segment of Real Estate market. Dadar/Prabhadevi has great connectivity and accessibility. This agreement aligns with our expansion strategy and helps us enter one of the growing micro markets in the city."

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. 1091.15 as compared to the previous close of Rs. 1070.30. The total number of shares traded during the day was 52725 in over 850 trades.

The stock hit an intraday high of Rs. 1094.90 and intraday low of 1061.15. The net turnover during the day was Rs. 57093402.00.

Source : Equity Bulls

Keywords

INE898Q01015 MeghnaInfraconInfrastructure Residential Commercial Projects Redevelopment ResidentialProject Prabhadevi Mumbai