RC Group, Prestige, and Valor in talks to redevelop housing projects worth Rs 7,000 crore in Mumbai
Real estate developers Prestige Group, RC Group, and Valor Estate are in talks to redevelop 19 housing societies in Mumbai's Bandra area, with a GDV of Rs 7,000 crore. The talks are in the advanced stage and as per updates Prestige will handle design and construction, while RC Group and Valor will manage approvals and coordination.
To be completed in 4 years the construction is expected to begin in the first quarter of 2025-26. After the agreement is concluded, the joint entity will apply for the floor space index that needs to be granted by the housing body MHADA (Maharashtra Housing and Area Development Authority)
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