Jaipur's Manglam Group Unveils Rs 1.5 Bn Project in Borivali

10 Oct 2025 CW Team

Expanding its footprint beyond Rajasthan, Manglam Group, a Jaipur-based real estate developer, has made its debut in the Mumbai property market with a redevelopment project in Borivali. The initiative, launched under Manglam & Karnani Ventures LLP, underscores the company’s intent to participate in the city’s growing redevelopment ecosystem, which has become a major driver of new housing supply in suburban Mumbai.

Located along SV Road, close to Borivali Railway Station, the project will cover nearly 80,000 square feet of land. It is designed to deliver 80 residential units, split evenly between existing tenants and new buyers. Each apartment will be a two-bedroom configuration with RERA carpet areas ranging from 680 to 776 square feet. Homeowners will also receive lifetime membership to the Mandapeshwar Civic Federation Gymkhana, offering access to social and recreational amenities.

The development represents an investment of roughly Rs 1 billion, with an estimated revenue potential of Rs 1.5 billion. Manglam Group, established in 1997, brings to the table a track record of 87 completed projects, 32 ongoing developments, and delivery of homes to more than 35,000 families across 518 lakh square feet.

Industry data from Knight Frank India highlights that by 2030, Mumbai’s redevelopment pipeline could add over 44,000 apartments valued at nearly Rs 130 billion, with Borivali, Andheri, and Bandra identified as leading hubs. Manglam’s entry into this market signals a calculated move to leverage the demand for modern housing while contributing to the city’s broader urban renewal momentum.

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