Mumbai, April 10 -- The development will be undertaken via Aaramnagar Realty LLP, which holds development rights for a land parcel in Versova. The project spans around 6 acres and has a total development potential of approximately 1.7 million square feet (RERA area), with an estimated gross development value of over Rs 9,000 crore.

The proposed project is planned as a premium residential development, targeting rising demand in Mumbai's western suburbs. Versova remains a key micro-market due to its strong social infrastructure, connectivity, and proximity to major commercial hubs.

The company said the move aligns with its strategy to expand in high-demand, supply-constrained urban markets. Mumbai continues to be a focus geography for Pre...