Vascon Engineers Ltd Ventures into Mumbai Real Estate Market with Rs 300 Crore Project

Vascon Engineers Ltd plans to generate Rs 300 crore from its latest luxury housing project, Vascon Orchids, in Mumbai. The Pune-based company specializes in EPC and real estate and has a long-standing reputation. This project marks its entry into Mumbai's bustling real estate scene.

Vascon Engineers Ltd has announced ambitious plans to earn a revenue of Rs 300 crore from its newly launched luxury housing project, Vascon Orchids, in Mumbai. The company is known for its expertise in engineering, procurement, and construction (EPC), as well as real estate development.

In a regulatory filing released on Monday, the Pune-based firm revealed its strategic entry into the competitive Mumbai real estate market. The project is situated on the prime Linking Road in Santacruz West and emanates from a redevelopment initiative. Vascon Orchids is expected to have a total Gross Development Value (GDV) amounting to Rs 300 crore from the units sold.

Vascon Engineers has a robust track record with over 225 projects completed across more than 30 cities, covering 45 million square feet of real estate. This new venture enhances its already impressive portfolio and marks a significant milestone in its growth trajectory.

(With inputs from agencies.)