Atul Projects Secures Major Redevelopment Deal in Mumbai

Atul Projects, a Mumbai-based realty firm, clinched an expansive housing redevelopment project in Borivali West, estimated to generate a revenue of about Rs 750 crore. The project spans over 2.76 acres, reinforcing the area's status as a high-growth residential hub. The company has a notable presence in Mumbai's real estate sector.

Atul Projects, an established realty firm in Mumbai, has successfully secured the redevelopment rights for a significant housing project estimated to generate around Rs 750 crore in revenue.

The housing project, located on a 2.76-acre land parcel in Borivali West, represents a major strategic acquisition for the company. The Mumbai-based firm announced the deal in a statement released on Tuesday, highlighting the project's gross development value.

Aakash Patel, Managing Director of Atul Projects, remarked on the project's potential, emphasizing Borivali West's robust residential market fundamentals, including connectivity and lifestyle infrastructure. The firm is known for its extensive work throughout the Mumbai Metropolitan Region.

(With inputs from agencies.)