Ramky Estates bags rights for slum redevelopment project in Mumbai
Real estate developer Ramky Estates has bagged rights for a project involving slum rehabilitation redevelopment, marking its entry into Mumbai's market. The work involves redevelopment of a project spread over 1.5 acres in the country’s financial capital’s Chembur suburb.
The project has a development potential of around 463,000 sq ft, including 237,000 sq ft of free sale area for which holds a revenue potential of over Rs 550 crore.
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