📋 Tender Overview
Scope : Redevelopment of Shraddha Paradise Residential Complex in Borivali, Mumbai, Maharashtra
Shraddha Prime Projects has announced its new redevelopment project -Shraddha Park City- in Nensey Colony at Borivali East, Mumbai, having RERA Carpet Area of over residential 4,36,800 sq. ft. and commercial 34,382 sq. ft. with a potential to generate revenue of Rs. 1200 crore in the next five years.
The plot area of the project is 12,760.30 sq. mtr. and will be a multi-storied high-rise tower. Shraddha Prime has also made a payment of Rs. 7,02,40,876/- towards stamp duty on the registration of the development agreement.
The project shall be developed as per Development Control Planning Regulation (DCPR) 2034, under 33(11) A Scheme which will fetch additional benefits by way of higher FSI for the project.
