Chandak Group procures 3.6 acre Andheri housing redevelopment
08 Aug 2023
2 Min Read
CW Team
Realty developer Chandak Group has announced that they had entered into an agreement to redevelop a housing society that covers an area of 3.6 acres in Mumbai's Andheri suburb. The project is expected to have a total development potential exceeding 460,000 sq ft.
Within this potential development, the project aims to offer a saleable area of more than 281,000 sq ft, which is estimated to generate a revenue of Rs 9.56 billion. The projected completion time for this endeavour is set at four years.
The agreement was signed by the developer through their group entity, Chandak Realtors. This entity has also paid a stamp duty of Rs 90.06 million for the registration, as revealed by documents accessed via Indextap.com.
Abhay Chandak, the director of Chandak Group, mentioned, "The agreement with the housing society has recently been concluded. We have applied for the necessary permissions, which we anticipate obtaining shortly. Given our track record of successful execution and our accumulated experience, we hold a confident stance in achieving project completion within the designated four-year timeframe."
Currently accommodating 340 members, the housing society boasts a developed carpet area exceeding 107,000 sq ft. The developer plans to offer the society a completely redeveloped carpet area of 179,000 sq ft, in accordance with RERA guidelines.
Chandak Group has successfully wrapped up more than 30 projects and has eight ongoing projects scattered across Mumbai, encompassing five residential developments.
In the sphere of redevelopment and rehabilitation, the company has effectively delivered six projects, constituting a cumulative area of 4.3 million sq ft. Their portfolio includes an additional eight upcoming and ongoing projects in this sector, with a total area spanning 9 million sq ft.
Also read:
Elan Group Awards Luxury Project Contract to Leighton Group
CREDAI Telangana announces new office bearers
Realty developer Chandak Group has announced that they had entered into an agreement to redevelop a housing society that covers an area of 3.6 acres in Mumbai's Andheri suburb. The project is expected to have a total development potential exceeding 460,000 sq ft.
Within this potential development, the project aims to offer a saleable area of more than 281,000 sq ft, which is estimated to generate a revenue of Rs 9.56 billion. The projected completion time for this endeavour is set at four years.
The agreement was signed by the developer through their group entity, Chandak Realtors. This entity has also paid a stamp duty of Rs 90.06 million for the registration, as revealed by documents accessed via Indextap.com.
Abhay Chandak, the director of Chandak Group, mentioned, The agreement with the housing society has recently been concluded. We have applied for the necessary permissions, which we anticipate obtaining shortly. Given our track record of successful execution and our accumulated experience, we hold a confident stance in achieving project completion within the designated four-year timeframe.
Currently accommodating 340 members, the housing society boasts a developed carpet area exceeding 107,000 sq ft. The developer plans to offer the society a completely redeveloped carpet area of 179,000 sq ft, in accordance with RERA guidelines.
Chandak Group has successfully wrapped up more than 30 projects and has eight ongoing projects scattered across Mumbai, encompassing five residential developments.
In the sphere of redevelopment and rehabilitation, the company has effectively delivered six projects, constituting a cumulative area of 4.3 million sq ft. Their portfolio includes an additional eight upcoming and ongoing projects in this sector, with a total area spanning 9 million sq ft.
Also read:
Elan Group Awards Luxury Project Contract to Leighton Group CREDAI Telangana announces new office bearers
Next Story
Himachal Pradesh Hosts Workshop on AI for Good Governance
The Department of Digital Technologies and Governance (DDT&G), Government of Himachal Pradesh, in collaboration with the National e-Governance Division (NeGD) under the Ministry of Electronics and Information Technology (MeitY), organised a state-level workshop titled 鈥淎I for Good Governance: Driving Transparency, Efficiency, and Impact鈥� on 20 May 2025 at the HP Secretariat, Shimla.The workshop aimed to enhance AI adoption in governance by sensitising over one hundred senior officials from various state departments. It highlighted AI鈥檚 role in data-driven policymaking, optimising ser..
Next Story
DPIIT Extends Timeline for Safety Order on Electrical Appliances
The Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, has extended the implementation timeline for the Safety of Household, Commercial and Similar Electrical Appliances (Quality Control) Order, 2025. This decision follows stakeholder consultations chaired by Union Minister of Commerce and Industry Shri Piyush Goyal.The revised Quality Control Order (QCO) will come into force on 19 March 2026 for domestic large and medium enterprises and foreign manufacturers. The QCO covers electrical appliances intended for household, commercial, or similar us..
Next Story
Mumbai Metro Lines Four and Four A Set For Trial Runs Soon
The Mumbai Metropolitan Region Development Authority (MMRDA) is preparing to launch trial runs on a key 10-kilometre stretch spanning ten stations from Cadbury to Gaimukh on Metro Lines Four and Four A. These stations include Cadbury, Majiwada, Kapurbawadi, Manpada, Tikuji Ni Wadi, Dongripada, Vijay Garden, Kasarvadavli, Gownipada, and Gaimukh.While the designated depot for Metro Lines Four and Four A is still under construction, the MMRDA has devised an interim plan involving inspection pits beyond the Gaimukh terminal to facilitate early testing.Metro Line Four, which stretches 32.32 kilomet..
