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DGS Group Expands Its Andheri Lokhandwala Redevelopment Portfolio
DGS Group is a real estate company working on several redevelopment projects in Andheri Lokhandwala, Mumbai.
Redevelopment means replacing or improving older buildings with newer ones.
The company says its projects could cover about 25 lakh square feet.
One major project, Sheetal Sky, combines three housing societies.
Another project, Sheetal Elara, reportedly sold its launched homes in about 45 days.
The group has also signed agreements for two more projects called Kamdhenu Commercial and Apna Ghar Unit No.
7.
Apna Ghar Unit No.
7 is planned to include a commercial tower.
Brahmdev Shukla leads the group’s redevelopment strategy and says it aims to create long-term value for residents and the neighbourhood.
DGS Group says its Andheri Lokhandwala portfolio spans approximately 25 lakh sq. ft. of development potential across five major projects and other opportunities.
Its Sheetal Sky project combines three societies—Twin Tower, Gurudarshan and Guruprasad—on a plot of about 9,500 sq. metres.
Sheetal Elara, Codename LV, formerly involving the Sneh and Sagar societies, has development potential of around 2 lakh sq. ft.
Development agreements have been executed for Kamdhenu Commercial and Apna Ghar Unit No. 7, covering plots of approximately 6,200 and 6,600 sq. metres respectively.
Led by Brahmdev Shukla, DGS Group says about 20 lakh sq. ft. is already committed across its Andheri Lokhandwala redevelopment portfolio.
- Who
- DGS Group, led by Brahmdev Shukla.
- What
- The group is expanding a portfolio of residential and commercial redevelopment projects.
- Where
- Andheri Lokhandwala, Andheri West, Mumbai, Maharashtra, India.
- When
- The announcement was dated September 16; the year was not specified in the article.
- Why
- To redevelop ageing properties into modern residential and commercial developments and strengthen the group’s presence in the area.
Key facts
- Developer
- DGS Group
- Group leader
- Brahmdev Shukla
- Location
- Andheri Lokhandwala, Andheri West, Mumbai
- Overall development potential
- Approximately 25 lakh sq. ft.
- Construction already committed
- Approximately 20 lakh sq. ft.
- Sheetal Sky plot area
- Approximately 9,500 sq. metres
- Newly added projects
- Kamdhenu Commercial and Apna Ghar Unit No. 7
Quotes
Brahmdev Shukla
Leader of DGS Group and driver of its redevelopment strategy
“Andheri Lokhandwala has always been one of Mumbai’s most established and aspirational neighbourhoods.”
theprint.in
Sources
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