K Raheja Corp to develop luxury residential project at Mumbai
Real estate developer K Raheja Corp has plans to develop an ultra-luxury project on the BR house plot. The plot has the family house of renowned filmmaker, B.R. Chopra. Spread over 1 acre it has a 25,000 sq. ft. bungalow located on the Juhu-Tara Road opposite Sea Princess Hotel in the Juhu locality of Mumbai.
The plan is to develop luxury apartments and configurations of up to 10,000 sq. ft. on a single floor offering views of the Juhu Aerodrome. As per the firm, the project named Maestro will have a revenue potential of around Rs 1,000 crore based on the total saleable area of 1 lakh sq. ft.
As per the latest updates the project has got approval from the Maharashtra Real Estate Regulatory Authority (MahaRERA).
Also Read: K Raheja Corp Promoters Buys Villa For Rs 265 Crore