Iconic Property Developers Proposes ₹753.63 Crore Mahim Development
Iconic Property Developers Private Limited has proposed a ₹753.63 crore residential and commercial development in Mahim West, Mumbai. The project is currently in the concept stage.
The project is proposed to be developed on F.P.Nos 425, 426A, 426B of the Mahim Division, G/North Ward of Mumbai. The said site lies at the intersection of Senapati Bapat Marg and Bhagoji Keer Road, Mahim West.
The project with an estimated cost of ₹753.63 crore belongs to the real estate sector. The said project has been planned as mixed use project. However, there are no specific details available about the built up area, residential units, commercial space and total area of construction in the project.
Project at Conceptual and Planning Stage
The development remains in its early planning phase. Environmental clearance has been sought, indicating that the project is progressing through the required assessment process. No details have been provided regarding the expected construction commencement date, completion timeline or project launch.
The proposed location places the development at the junction of two major roads in Mahim West. The project covers three identified land parcels within the Mahim Division, although the individual plot areas and total land extent have not been specified.
The ₹753.63 crore estimated value represents the stated project cost. Further details regarding the development's design, construction plans, development schedule and allocation between residential and commercial uses are yet to be disclosed.
The proposal adds another mixed-use development to Mumbai's real estate project pipeline. Its progress will depend on the necessary clearances and subsequent planning and development stages.
