Kanakia Spaces signs agreements for redevelopment projects in Mumbai
Real estate developer Kanakia Spaces has informed signing new agreements to undertake redevelopment of two large housing societies spread over a 3.3-acre land parcel in Mumbai’s western suburb Borivali. The firm would invest Rs 1,100 crore in the projects.
As per the firm the projects hold development potential of over 1.2 million sq ft including rehab saleable 6 lakh and are estimated to have a gross development value of over Rs 1,500 crore.
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