Mumbai, July 2 -- The development agreement (DA) has already been executed with 5 societies, while LOIs has been received from the remaining 3 societies, with DA execution expected over the next few days.

The project involves the redevelopment of a cluster of private housing societies located in Andheri's vibrant residential hub, with a cumulative plot area of approximately 4.75 acres (19,229 square meters), encompassing 548 existing members. The proposed redevelopment is expected to unlock a saleable area of approximately 10.6 lakh square feet and generate a gross development value (GDV) of nearly Rs 3,000 crore.

"With this addition, Rustomjee has further strengthened its project pipeline for the current financial year, continuing its ...