Roha Realty signs Rs 300-cr deal with MHADA for two redevelopment projects in Chembur

Roha Realty has recently signed a Rs 300-crore deal with MHADA to redevelop two large societies at Subhas Nagar, Chembur. The new property will incorporate expansive contemporary apartments, best-in-class amenities, opulent features, and benchmark sustainability measures ranging from energy-efficient construction and maintenance to resource conservation and a low carbon impact. Roha Realty believes sustainability, recycling, wastewater management, fire safety, and security are essential to every high-end real estate project.

Roha Realty will fund the redevelopment project through internal accruals and institutional finance. Construction work to combine both societies into one is expected to begin with a launch in Navratri this year.

The investment strategy is consistent with Roha's policy of selecting projects with fixed deadlines and quality requirements. Both projects' architectural and design features have been finalised, and materials for the two grand projects will be chosen from professionals worldwide.

Harshvardhan Tibrewala, Director of Roha Realty, said, "Chembur's transition into a thriving commercial and residential location is an excellent example of sustainable urban revitalization, and our two planned projects will set new standards for quality development in the area. Our Chembur development projects will emerge as a bustling hub for an upscale real estate development, garnering the attention of people seeking the pinnacle of premium living. We are optimistic about Chembur's real estate future and intend to pursue additional premium redevelopment projects in the Chembur suburbs. The demand for opulence residential properties in upmarket communities has increased, and Roha will continue its efforts to provide modern smart houses for everyone."

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