MUMBAI: Keystone Realtors has been selected for large society redevelopment project in Andheri (East), Mumbai, with an estimated gross development value (GDV) of around ₹1,775 crore.
The project involves the redevelopment of Om Nagar Co-operative Housing Society Federation, comprising eight housing societies spread across a combined land parcel of approximately 20,569.90 sq metres.
According to the company, the redevelopment will provide rehabilitation for 637 existing members across the eight societies. The project is expected to unlock free-sale potential of around five lakh sq ft of carpet area.
Boman Irani, chairman and managing director of the company said, “The company is increasing its focus on large society redevelopment, and this project further enhances our presence in a strategically important suburban market.”
