Meghna Infracon expands Mumbai presence with new development

Meghna Infracon Infrastructure Limited (BSE:MIIL) has entered into a Development Agreement for a residential project redevelopment in Santacruz West, Mumbai. The project, encompassing approximately Twenty Eight Thousand Sq. Ft of construction area, is anticipated to generate revenue of INR 370 million. The company aims to develop properties that offer modern living standards, with the project expected to launch in CY 2025. Located near Santacruz Railway Station and within proximity to schools, colleges, hospitals, and shopping areas, the development offers connectivity to corporate and recreational hubs. The company is focused on expanding its development portfolio in key Mumbai areas.