Ra­dius Devel­op­ers, Ro­han Lifes­paces in JV for Project

The Economic Times - - Companies: Pursuit Of Profit -

Mum­bai-based Ra­dius Devel­op­ers has en­tered into a joint ven­ture with Ro­han Lifes­paces to ex­e­cute the lat­ter’s re­de­vel­op­ment project at Hughes Road in South Mum­bai, said two per­sons fa­mil­iar with the de­vel­op­ment, re­ports Kailash Babar. As part of the al­liance, Ra­dius will ex­e­cute and mar­ket the project, while Ro­han Lifes­paces would of­fer land and se­cure ap­provals. Calls and text mes­sages to Haresh Me­hta, chair­man of Ro­han Lifes­paces re­mained unan­swered. San­jay Ch­habria, MD, Ra­dius Devel­op­ers con­firmed the de­vel­op­ment. The de­vel­op­ment po­ten­tial of the project is es­ti­mated to be around 1.30 lakh sq ft, of which around 30% would be utilised for re­ha­bil­i­ta­tion of ex­ist­ing ten­ants


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