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Vascon Engineers inks second redevelopment project in Mumbai

Monday, 13 Nov 2023
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On November 9, 2023, Vascon Engineers (VEL) signed a deal for its second redevelopment project in Santacruz (West), Mumbai. The firm has received a letter of intent (LoI) for revamping the Prakash Co-operative Housing Society in Santacruz locality.

The mixed-use development will accommodate various residential options, including two, three, and four-BHK flats, offering 60 units. Additionally, it will boast commercial spaces with a total carpet area of about 69,000 sq. ft. free for sale.

The project is expected to be completed within 36 months. By securing this order, the company has strengthened its presence in Mumbai with a total construction area of nearly 2,11,000 sq. ft.

With this, the company intends to generate a total sales value of around Rs 350 crore. VEL is a real estate developer and engineering firm which primarily caters to government authorities and departments.

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