Sanghvi Group to generate Rs1,500-crore

Mumbai based developer, Sanghvi Group plans to generate returns to the tune of 1,500-crore by unveiling a mix of qualitative residential and commercial properties across the city over the next one year. The plan focusses on several key areas that include Worli, Lower Parel, Byculla, Mazgaon, Dahisar, Ghatkopar, Kalwa, Dombivili and Kalyan.

Shailesh Sanghvi, Director, Sanghvi Group of Companies said, “With the real estate market showing strong signs of growth, we are optimistic that the year 2010-11 harbors many lucrative opportunities. Within this year we plan to launch 10 new projects across the city that will comprise of both commercial and residential properties.”

As part of the group's immediate plans, over 26 lakh sq ft of land has been earmarked for the development of the ten new projects in the metropolis. The company has a land bank of 100 acres to dedicate to the various residential and commercial projects.

The Group has completed development totaling 40, 00, 000 sq. ft. of affordable real estate.