Agami Realty signs contract for MHADA's redevelopment project
Agami Group's real estate arm Agami Realty has signed an agreement with MHADA (Maharashtra Housing and Area Development Authority ) to redevelop a housing society in Mumbai’s posh locale of Kalanagar, Bandra East.
The project is to be developed on the land parcel spread over 0.25 acres and is estimated to offer Agami Realty a development potential of about 1 lakh square feet and a free-sale component of about 45,000 square feet. The proposed project translates into a revenue potential of over Rs. 225 crore as per the prevailing pricing trends.
As per the information, the project will be a boutique residential development conceptualized with art and sustainability as its foundation. The 22 storied edifice is being designed by renowned architect Reza Kabul and it offers stunning 2.5 and 3-bed lavish residences with sky decks.
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