Meghnz Infracon Infrastructure Limited (MIIL), a rising name in the real estate sector, proudly announces the launch and Bhoomi Poojan of its new residential project, “Shree Pranam”, on May 31, 2025. Located in the prime Model Town area of Lokhandwala, Andheri (West), Mumbai, this launch represents a strategic expansion into the luxury housing segment of the Mumbai real estate market.
Strategically situated, the project boasts excellent connectivity to key amenities including schools, colleges, hospitals, the airport, railway stations, and entertainment hubs—making it an attractive proposition for urban homebuyers.
This development follows the earlier announcement on August 23, 2024, regarding the signing of a Development Agreement for the project’s redevelopment. MIIL now informs shareholders that, due to recent changes in government policy, the project’s estimated sales potential has increased significantly from ?400 million to over ?600 million.
Commenting on the milestone, Mr. Vikram Jayantilal Lodha, Managing Director of MIIL Group, stated:
“The launch of Shree Pranam marks a significant step in our journey to becoming one of Mumbai’s preferred luxury real estate developers. Construction has already commenced and will proceed as per the planned timeline. This project introduces an innovative community living concept with premium 1 and 2 BHK residences, set in one of the city's most sought-after locations.”
With this launch, MIIL continues to strengthen its position in Mumbai’s high-end residential market.