Meghna Infracon Launches Luxurious Residential Project in Goregaon West

Sandip Raj Gupta

02/Dec/2024

What's Covered in the Article

Launch of Meghna Infracon’s Riviera, a luxury residential project in Goregaon West, Mumbai.
Project details, including 30,000 sqft construction area and ₹220 million sale potential.
Strategic move by MIIL into Mumbai's luxury real estate market with enhanced community living concepts.

Meghna Infracon Infrastructure Limited (MIIL), a reputed name in Mumbai's real estate industry, has announced the launch of Riviera, a luxury residential project located in Goregaon West, Mumbai. The announcement comes with the Bhoomi Poojan ceremony, symbolizing the commencement of construction.

The project is a significant milestone for MIIL as it marks its foray into the premium luxury real estate sector in Mumbai, known for its competitive market and discerning clientele.

Project Highlights

Prime Location:
Riviera is strategically located in Goregaon West, offering excellent connectivity to:

Schools and colleges.
Hospitals and healthcare facilities.
Goregaon railway station and other transport hubs.
Shopping malls and entertainment centers.

Project Scale and Financials:

Construction Area: Approximately 30,000 sqft.
Estimated Sale Potential: Over ₹220 million.
The project will be executed through MIIL’s subsidiary, Meghna Aakar Constructions, in which MIIL holds a 95% stake.

Living Spaces:
Riviera introduces 1BHK and 2BHK apartments, catering to young professionals, nuclear families, and those seeking modern, community-centric living in a bustling neighborhood.

Leadership Insights

Mr. Vikram Jayantilal Lodha, Managing Director of Meghna Infracon Infrastructure Limited, expressed excitement about the project’s launch. He stated,
“The launch of Riviera is a significant milestone in our journey to becoming one of Mumbai’s preferred luxury real estate developers. This project introduces innovative community living concepts in one of the city’s most connected areas.”

Strategic Importance

Entry into Luxury Market:
Riviera signifies MIIL’s bold step into Mumbai’s premium real estate sector, leveraging its expertise in quality construction and timely delivery.
Enhanced Community Living:
The project focuses on fostering community-centric lifestyles while providing modern, luxurious amenities at a prime location.
Growth Through Subsidiaries:
By executing the project through Meghna Aakar Constructions, MIIL highlights its structured approach to expanding operations and ensuring project-specific focus.

About Meghna Infracon Infrastructure Limited

Meghna Infracon Infrastructure Limited (BSE: 538668), headquartered in Mumbai, is a prominent real estate developer with a track record of delivering high-quality residential projects. Known for its expertise in construction management and timely delivery, the company is steadily establishing itself as a trusted name in Mumbai's competitive real estate market.

For more information, visit www.meghnarealty.com.

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