The man Industries subsidiary takes an agreement to develop land package opposite Dy Patil Stadium in Nerul | Company Business News

Merino Shelters Private Limited (MSPL), a wholly owned subsidiary of Man Industries (India) Limited, entered into a ‘Deed of Assignment’ with Realty Developer Green-Spaces LLP (part of Paradise Group) to develop a six-acre ground pack in Navi Mumbai. The land parcel is located opposite the Dy Patil Stadium at Nerul in Maharashtra’s Navi Mumbai. The leading amount of £ 70 crore, and from the total area of ​​the developed property, will get the company 30% area, equivalent to approximately 4,50,000 square meters. Rera -carpet area (commercial and residential) said the company added: ‘Over a period of 5 to 6 years, the developed area is estimated to have a monetizing value of around £ 720 – £ 770. Operational later this year. New geographical areas, “says Nikhil Mansukhani, MD of Man Industries (India) Ltd. Menukhani, added that the move of the consolidation of Man Industries to come forward as a leader in the Line Pipe enterprise that will unlock a significant value over the next few years. Paradise Group’s managing director Manish to create landmark developments that redefine urban life. Land package to develop against the Dy Patil Stadium in Nerul less less