India, March 5 -- K Raheja Homes has secured the rights to redevelop Mumbai's Palmera Cooperative Housing Society, widely known as 'Pleasant Palace'. The property, situated on Narayan Dhabolkar Road in the posh Malabar Hill neighbourhood of South Mumbai, spans over 6,000 square meters and its estimated development potential is approximately 3 lakh sq ft, JLL said in a statement on March 5.

JLL was the transaction adviser for the deal.

HT does not have a copy of the deal. The story will be updated once more details are received.

There was no response from K Raheja Homes.

The Pleasant Palace redevelopment project is set to transform the Mumbai skyline with its ultra-luxurious residential offering. With an estimated development potential...