Manglam Group Ventures into Mumbai's Realty Market with Rs 100 Crore Investment

Manglam Group, a Jaipur-based real estate company, has announced a Rs 100 crore investment in the redevelopment of a housing society in Borivali (West), Mumbai. The project, Manglam Rajanigandha, under Manglam & Karnani Ventures LLP, spans 80,000 sq ft and will feature 80 apartments, offering both tenant and sale units.

Jaipur-based real estate firm, Manglam Group, is set to invest Rs 100 crore in redeveloping a housing society located in Borivali (West), Mumbai.

The project, dubbed Manglam Rajanigandha, marks Manglam's entry into Mumbai's thriving redevelopment sector, in collaboration with Manglam & Karnani Ventures LLP.

Scheduled for completion by June 30, 2026, the development boasts 80,000 sq ft of land, housing 80 apartments, with half reserved for current tenants, and the remainder available for sale.

(With inputs from agencies.)