Paradigm Realty Unveils 2.5 Million Sq ft Redevelopment Project in Mahavir Nagar, Kandivali West

Transforming Mahavir Nagar with a 3500 Crore Development

 Mumbai-based Paradigm Realty has announced a significant redevelopment project in Mahavir Nagar, Kandivali (W), encompassing over 2.5 million sq. ft. This ambitious venture is backed by a 200 crore investment through internal accruals. Spanning a ~4-acre land parcel, the project features free-sale RERA carpets of up to one million sq. ft., with an impressive gross development value of approximately INR 3500 crore (USD 0.44 billion).

A New Era of Luxury Living

Paradigm Realty’s new initiative will revitalize 9+ societies, resulting in the creation of 600 premium residential units. The redevelopment is expected to generate revenue of INR 3500 crore. Currently, the per sq. ft. cost for under-construction properties in Kandivali Mahavir Nagar ranges from INR 32,000 to 38,000, highlighting the premium nature of this project, with ready-to-move-in properties exceeding INR 45,000 per sq. ft.

Prime Location with Unmatched Connectivity

Strategically located at the intersection of a 120-feet wide link road and the 90-feet wide main Mahavir Nagar Road in Kandivali, this project capitalizes on its prime location. Paradigm Realty plans to develop a world-class, premium gated community designed to cater to the area’s affluent business community, ensuring a luxurious living experience.

Key Highlights

• Developer: Paradigm Realty
• Location: Mahavir Nagar, Kandivali (W), Mumbai
• Project Size: Over 2.5 million sq. ft.
• Land Parcel: ~4 acres
• Investment: 200 crore through internal accruals
• Development Value: Approx. INR 3500 crore (USD 0.44 billion)
• Residential Units: 600 Per Sq. Ft.
• Cost: INR 32,000 - 38,000 (under construction), INR 45,000+ (ready to move in)