Keystone Realtors Limited has signed an agreement with the Maharashtra Housing and Area Development Authority (MHADA) for the GTB Nagar redevelopment project in Sion Koliwada, Mumbai. The redevelopment carries an estimated Gross Development Value (GDV) of about 4,521 INR-Crore and will be executed under MHADA’s cluster redevelopment framework.
The development will span around 11.19 Acres and will involve the reconstruction of 25 existing residential buildings. The project will rehabilitate over 1,200–1,400 families currently residing in the area. It will have a saleable area of approximately 20.7 Lakh SqFt. Moreover, the developers will construct the residential towers using aluminium formwork technology. This further provides a durable and watertight external concrete structure. Additionally, the design will meet stringent structural safety standards, including wind and earthquake resistance. The project will also incorporate fire safety systems, electrical and plumbing infrastructure, and vertical transportation facilities.
Also Read: Upcoming Highrise Residential Project – L&T Evara Heights, Thane
According to the company, the redevelopment aims to create a modern residential community with improved living conditions for residents. The design will integrate open spaces and sustainable planning features within the layout. Once completed, the GTB Nagar redevelopment project is expected to support urban renewal in the Sion–Koliwada area and add organised residential supply in central Mumbai.
Biltrax Construction Data is tracking 38,000+ projects on their technology platform for their clients.
Get exclusive access to upcoming projects in India with actionable insights. Furthermore, gain a competitive advantage for your products in the Indian Construction Market.
Visit www.biltrax.com or email us at contact@biltrax.com to become a subscriber and generate leads.
Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, the image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article, please email editor@biltrax.com.
0Discover more from Biltrax Media, A Biltrax Group venture
Subscribe to get the latest posts sent to your email.
