Atul Projects has been awarded the rehabilitation rights for a housing project in Mumbai, with an estimated gross development value (GDV) of Rs 750 crore. Borivali West is a rapidly growing residential community in the Mumbai Metropolitan Region (MMR), and the land lot is around 2.76 acres in size.
This acquisition is another calculated move by Atul Projects, a Mumbai-based company with a track record of creating real estate developments in the MMR. Borivali West’s strong foundation, which is defined by connectivity, lifestyle infrastructure, and long-term customer demand, will be leveraged by the business.
The Managing Director of Atul Projects, Aakash Patel, identified the key players in Borivali West’s development. According to him, the region’s well-established transport systems and amenities act as important drivers of residential growth. The reconstruction project is consistent with Mumbai’s broader urban regeneration trend, which renovates existing housing stock to meet modern standards and expectations.
The Rs 750 crore GDV project shows that investors continue to have faith in Mumbai’s residential real estate market, particularly in the affluent suburbs with good infrastructure and acceptable living standards. Such revitalisation initiatives will assist in addressing the housing shortage and provide an opportunity to update the urban landscape.
This agreement demonstrates that Atul Projects is still eager to take advantage of reconstruction in Mumbai’s main residential zones, where demand is still high due to urbanisation pressures and demographic concerns. |
