Atlantaa Executes ₹500 Crore GDV Development Agreement for Borivali Project
Atlantaa Limited has executed a Development Agreement with Highway Milton Co-operative Housing Society for a major redevelopment project in Borivali East, Mumbai, with an estimated Gross Development Value of ₹500 crores. The project spans 4,496 square meters with 1.75 lakh sq. ft. saleable carpet area, strategically located along Western Express Highway.
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Atlantaa Limited has executed its Development Agreement with Highway Milton Co-operative Housing Society for a major redevelopment project in Borivali East, Mumbai. The company announced the execution of this significant infrastructure development initiative with an estimated Gross Development Value of ₹500 crores.
Project Specifications
The redevelopment project is located at Kulupwadi, Off Western Express Highway, Borivali East, Mumbai-400066, strategically positioned in one of Mumbai's well-connected suburban micro-markets. The project involves redevelopment of premises belonging to Highway Milton Co-operative Housing Society Limited, known as Bansi Nagar.
| Parameter: | Details |
|---|---|
| Land Area: | 4,496 square meters |
| Saleable Carpet Area: | 1.75 lakh sq. ft. |
| Estimated GDV: | ₹500 crores |
| Location: | Borivali East, Mumbai |
| Society Partner: | Highway Milton Co-operative Housing Society |
Strategic Location and Connectivity
The project's location along the Western Express Highway offers excellent metro connectivity and positions it within a premium residential belt known for strong infrastructure and high end-user demand. Borivali East represents one of Mumbai's rapidly developing suburban areas, making this redevelopment strategically significant for the company's expansion in western suburbs.
Management Commentary
Rickin Bharot, Managing Director of Atlantaa Limited, commented on the milestone: "At Atlantaa Limited, our vision is to deliver thoughtfully designed homes that enrich the lives of residents and uplift communities. The Highway Milton CHS redevelopment is a significant step toward shaping a modern, efficient, and future-focused living environment in Borivali East."
Company Profile and Legacy
Atlantaa Limited brings 48 years of legacy in infrastructure and real estate development to this project. The company has established a strong track record with 17 real estate projects delivered, 64 infrastructure projects completed, and 10.10 lakh square feet developed, with an additional 11 lakh square feet currently under development.
| Achievement: | Details |
|---|---|
| Legacy: | 48 years |
| Real Estate Projects: | 17 delivered |
| Infrastructure Projects: | 64 completed |
| Area Developed: | 10.10 lakh sq. ft. |
| Under Development: | 11 lakh sq. ft. |
The project reinforces Atlantaa Limited's focus on strategic, high-impact redevelopment in Mumbai's land-constrained urban landscape, contributing to the city's evolving real estate transformation while maintaining the company's reputation for engineering excellence and timely delivery.
Historical Stock Returns for Atlantaa
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.72% | -2.70% | +7.41% | +29.34% | -6.91% | +88.61% |
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