Hubtown Ltd Secures 11,000 Sqm Development Rights from MIDC & MCGM for Expansion

Hubtown Ltd Secures 11,000 Sqm Development Rights from MIDC & MCGM for Expansion

 

Hubtown Ltd has obtained 11,000 square meters of development rights from the Maharashtra Industrial Development Corporation (MIDC) and the Municipal Corporation of Greater Mumbai (MCGM), reinforcing its real estate expansion strategy. The acquisition is expected to boost residential and commercial infrastructure projects in Mumbai’s prime locations.

 

Key Highlights

Development Rights Acquisition:

 

Hubtown Ltd secured 11,000 sqm of land, enabling new residential and commercial developments.

 

The project aligns with Mumbai’s urban growth strategy, focusing on high-end real estate expansion.

 

Strategic Location & Infrastructure Impact:

 

The acquired land is positioned in key commercial zones, enhancing connectivity and accessibility.

 

Hubtown aims to develop premium residential complexes and IT parks, catering to high-demand sectors.

 

Financial Growth & Market Expansion:

 

Hubtown has successfully delivered over 14 million sq. ft. of real estate, with 45 million sq. ft. under development.

 

The company continues to strengthen its portfolio, focusing on built-to-suit office spaces and luxury housing.

 

Stock Market Reaction:

 

Hubtown Ltd’s stock saw a slight uptick, reflecting investor optimism following the announcement.

 

Hubtown Ltd’s latest acquisition marks a significant milestone, reinforcing its commitment to urban development and premium real estate expansion.

 

Source: Hubtown Official Site, Moneycontrol, and Trendlyne.