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Business Standard
14 hours ago
- Business
- Business Standard
Meghna Infracon inks pact for re-developing residential project at Prabhadevi
Meghna Infracon Infrastructure said that it has executed development agreement to re-develop a residential project, admeasuring about thirty-one thousand square feet construction area, located at Dadar/Prabhadevi, Mumbai. The development being undertaken will lead to estimated revenue of Rs 80 crore. "This new development marks the group's entry into Dadar/Prabhadevi after successfully developing many gated communities location in the Mumbai Metropolitan Region," the company stated. The project is expected to be launched in CY 2025. 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 is an 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. The scrip shed 0.75% to currently trade at Rs 1083 on the BSE.
Business Upturn
16 hours ago
- Business
- Business Upturn
Meghna Infracon signs development agreement for residential redevelopment project in Prabhadevi, Mumbai
By Aman Shukla Published on June 23, 2025, 08:38 IST Meghna Infracon Infrastructure Limited has executed a Development Agreement for the redevelopment of a residential project located in the Dadar/Prabhadevi area. The project will cover a construction area of approximately 31,000 sq. ft. The redevelopment is estimated to generate a revenue of around ₹80 crore and marks the company's entry into the Dadar/Prabhadevi micro-market. Meghna Infracon has previously delivered residential projects in the Western suburbs of Mumbai, including locations like Goregaon and Andheri. Planned for launch in calendar year 2025, the new project will be a sea-facing and city-facing residential development. It is located near Shivaji Park and Prabhadevi Station, with schools, colleges, hospitals, and retail centres within a 2 km radius. The project also offers connectivity to nearby business districts and recreational facilities. Speaking on the announcement, Mr. Vikram Jayantilal Lodha, Managing Director of Meghna Infracon Infrastructure Limited, said, 'This development is a part of our strategy to focus on fast-growing aspirational segments of the 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.' Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
