NIRMAL, one of Mumbai’s leading real estate companies, has entered into a Development Management Agreement with Godrej Properties. JLL India structured the transaction which was facilitated through Nirmal’s strategic arm – NIRMAL VENTURES. This newly launched vertical aims at bringing world-class developments to the MMR region through unique partnerships.
The project is an integrated township, with both its residential and commercial development expected to generate revenue of approximately INR 3,500 crore over the next 5 years. The project is funded by Edelweiss to the extent of INR 450 crores.