Meghna Infracon expands portfolio with new Mumbai residential undertaking 

Meghna Infracon Infrastructure Restricted (MIIL) introduced at the moment the acquisition of a brand new residential undertaking in Goregaon, Mumbai. The undertaking, named “Manju Villa,” is ready to supply 1 and a couple of BHK flats with a complete development space of roughly 30,000 sq. ft.

The shares of Meghna Infracon Infrastructure Restricted (MIIL) had been buying and selling at ₹567 up by ₹25.65 or 4.74 per cent on the BSE at the moment at 11.30 am.

MIIL expects the undertaking to generate income of about ₹37 crore after delivering possession to unique tenants. Development has already commenced and will probably be executed by Meghna Builders AOP, an affiliate entity during which MIIL holds a 90% stake.

The event marks MIIL’s strategic transfer into Mumbai’s premium luxurious actual property market. Situated in Jawahar Nagar, Goregaon West, the undertaking goals to introduce an modern neighborhood residing idea.

Vikram Jayantilal Lodha, Managing Director of MIIL, acknowledged that the acquisition aligns with the corporate’s imaginative and prescient to strengthen its presence within the Mumbai area by creating developments that supply a superior residing expertise.