Atlanta Ltd has inked a development agreement with Highway Milton Co-operative Housing Society for a prime redevelopment project boasting a ₹500 crore Gross Development Value (GDV). This strategic Mumbai venture signals robust revenue potential amid the firm's aggressive expansion in urban renewal projects.
Atlanta Ltd, a Mumbai-based construction powerhouse, has executed a landmark development agreement with Highway Milton Co-operative Housing Society, targeting a high-value redevelopment in a key urban pocket. The project promises a whopping ₹5 billion GDV, reinforcing Atlanta's dominance in Mumbai's booming redevelopment landscape where land scarcity drives premium valuations.
Project Milestones:
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Comprehensive redevelopment of society buildings, delivering modern amenities and superior living spaces to over 100+ members.
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Atlanta manages end-to-end execution—from design to sales—leveraging 35+ years of expertise in 50+ similar clusters.
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Expected topline boost aligns with FY25's ₹1,200 Cr+ revenue trajectory, fueled by cluster redevelopment model.
This pact exemplifies Atlanta's asset-light strategy, securing free-sale components for lucrative monetization while providing free flats to society members, positioning it for sustained growth in Maharashtra's realty surge.
Sources: BSE Announcements, Moneycontrol, Economic Times, Atlanta Ltd official site.