Chandak Group procures 3.6 acre Andheri housing redevelopment
Real Estate

Chandak Group procures 3.6 acre Andheri housing redevelopment

Realty developer Chandak Group has announced that they had entered into an agreement to redevelop a housing society that covers an area of 3.6 acres in Mumbai's Andheri suburb. The project is expected to have a total development potential exceeding 460,000 sq ft.

Within this potential development, the project aims to offer a saleable area of more than 281,000 sq ft, which is estimated to generate a revenue of Rs 9.56 billion. The projected completion time for this endeavour is set at four years.

The agreement was signed by the developer through their group entity, Chandak Realtors. This entity has also paid a stamp duty of Rs 90.06 million for the registration, as revealed by documents accessed via Indextap.com.

Abhay Chandak, the director of Chandak Group, mentioned, "The agreement with the housing society has recently been concluded. We have applied for the necessary permissions, which we anticipate obtaining shortly. Given our track record of successful execution and our accumulated experience, we hold a confident stance in achieving project completion within the designated four-year timeframe."

Currently accommodating 340 members, the housing society boasts a developed carpet area exceeding 107,000 sq ft. The developer plans to offer the society a completely redeveloped carpet area of 179,000 sq ft, in accordance with RERA guidelines.

Chandak Group has successfully wrapped up more than 30 projects and has eight ongoing projects scattered across Mumbai, encompassing five residential developments.

In the sphere of redevelopment and rehabilitation, the company has effectively delivered six projects, constituting a cumulative area of 4.3 million sq ft. Their portfolio includes an additional eight upcoming and ongoing projects in this sector, with a total area spanning 9 million sq ft.

Also read: 
Elan Group Awards Luxury Project Contract to Leighton Group  
CREDAI Telangana announces new office bearers 

Redefine the future of urban mobility! Join us at the Metro Rail Conference 2025 to explore groundbreaking ideas and insights. 👉 Register today!

Realty developer Chandak Group has announced that they had entered into an agreement to redevelop a housing society that covers an area of 3.6 acres in Mumbai's Andheri suburb. The project is expected to have a total development potential exceeding 460,000 sq ft. Within this potential development, the project aims to offer a saleable area of more than 281,000 sq ft, which is estimated to generate a revenue of Rs 9.56 billion. The projected completion time for this endeavour is set at four years. The agreement was signed by the developer through their group entity, Chandak Realtors. This entity has also paid a stamp duty of Rs 90.06 million for the registration, as revealed by documents accessed via Indextap.com. Abhay Chandak, the director of Chandak Group, mentioned, The agreement with the housing society has recently been concluded. We have applied for the necessary permissions, which we anticipate obtaining shortly. Given our track record of successful execution and our accumulated experience, we hold a confident stance in achieving project completion within the designated four-year timeframe. Currently accommodating 340 members, the housing society boasts a developed carpet area exceeding 107,000 sq ft. The developer plans to offer the society a completely redeveloped carpet area of 179,000 sq ft, in accordance with RERA guidelines. Chandak Group has successfully wrapped up more than 30 projects and has eight ongoing projects scattered across Mumbai, encompassing five residential developments. In the sphere of redevelopment and rehabilitation, the company has effectively delivered six projects, constituting a cumulative area of 4.3 million sq ft. Their portfolio includes an additional eight upcoming and ongoing projects in this sector, with a total area spanning 9 million sq ft. Also read:  Elan Group Awards Luxury Project Contract to Leighton Group  CREDAI Telangana announces new office bearers 

Next Story
Infrastructure Transport

Atal Setu Records Daily Traffic Below Projections in First Year

India’s longest sea bridge, Atal Setu, which connects Sewri in Mumbai to Chirle in Navi Mumbai, has reported an average daily traffic of 22,689 vehicles in its first year, falling short of the initial projection of 56,000 vehicles per day. The 22-kilometer bridge, inaugurated by Prime Minister Narendra Modi on January 12, 2024, was constructed at a cost of Rs 178.4 billion and is hailed as a milestone in Maharashtra’s infrastructure development. According to the Mumbai Metropolitan Region Development Authority (MMRDA), the Atal Setu, formerly known as the Mumbai Trans Harbour Link (MT..

Next Story
Infrastructure Transport

Railway Board Tightens Rules for Bridge Design After Pamban Lapses

The Railway Board has mandated all zones to inform the Commissioner of Railway Safety (CRS) about the special features of significant and innovative bridges during the design phase. This directive, issued on January 10, follows findings from Southern Circle Railway Safety Commissioner AM Chowdhary, who identified critical lapses in the construction of the newly built Pamban Bridge. The Pamban Bridge, India’s first vertical-lift rail bridge, connects the mainland to Rameswaram Island in Tamil Nadu. Its construction came under scrutiny last November when the CRS flagged issues prior to gr..

Next Story
Infrastructure Urban

IISc and Tata Group to Launch Rs 5 Billion Medical School in Bengaluru

The Indian Institute of Science (IISc), Bengaluru, and the Tata Group have announced a partnership to establish the Tata IISc Medical School on the IISc Bengaluru campus. As part of the collaboration, the Tata Group will contribute Rs 5 billion to support the development of the institution. The Tata IISc Medical School is envisioned as a centre of excellence that combines basic science and engineering with clinical research and medical education. It will specialize in areas such as oncology, cardiology, neurology, nephrology, diabetes and metabolic disorders, infectious diseases, integrat..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000