India, Oct. 7 -- Jaipur-based Manglam Group has announced its entry into the Mumbai real estate market with the acquisition of a redevelopment project in Borivali. The project, undertaken under Manglam and Karnani Ventures LLP, involves an investment of Rs.100 crore and is expected to generate revenue of Rs.150 crore.

According to the company, the project spans 80,000 sq ft of prime land, marking Manglam's growing presence in the city's thriving real estate market and reflecting its commitment to creating high-quality homes through redevelopment.

The company said that the project will comprise 80 apartments, with half reserved for existing tenants and the other half available for sale in the open market. The company said that it will bu...