Meghna Infracon to invest up to ₹500 crore in five Mumbai...

Meghna Infracon plans to invest up to Rs 500 crore across five residential and redevelopment projects in Mumbai, expanding its footprint in the city's competitive housing market. The outlay covers land, approvals and construction for the pipeline.

The projects are concentrated in established western and central suburban pockets, targeting end-users in the mid-to-premium configuration range. The developer is leaning on society redevelopment opportunities, where ageing buildings are being reconstructed with higher floor space index.

The commitment adds to a wave of fresh capital deployment by mid-sized Mumbai developers betting on continued absorption. Redevelopment remains the dominant route to new supply in the supply-starved island city and inner suburbs.