Construction of RICL's much-anticipated 'Kalyan Marina' project starts!

Royal India Corporation Limited - RICL has announced that the much-anticipated Kalyan Marina project, which will cost Rs. 450 crore and generate Rs. 175 crore in revenue, has begun construction. 

This ambitious project, which occupies a vast 2.2-acre plot, represents a significant turning point in the organization's dedication to the creation of opulent living spaces. 

The project, which is scheduled to begin in May 2024, will give modern Kalyan a new lease on life. A massive 5 lakh-square-foot development aims to set new comfort standards in the region by providing spacious living areas and world-class amenities. 

The visionary project will also include commercial spaces that will make it easier to get to essential services and improve the overall quality of life.  

The Prime Minister himself has given his full support to Kalyan Station, which is on the verge of becoming a superstation. 

The anticipated upgrade, which is expected to cost Rs. 900 crore, or 121 million dollars, will separate the tracks for express trains and local trains in suburban areas, reducing passenger inconvenience & improving punctuality. 

Adding to the charm of this expanding center point is the Kalyan Marina, simply a concise 2-minute walking distance from the station. Key financial backers in this adventure incorporate industry stalwarts Sunder Iyer & Mangal Keshav's family workplaces, whose vision and mastery further support the task's true capacity for progress, they will be the biggest non-promoter  investors after the special issue of Rs. 100 crore which is because of open post 25th April (dependent upon approvals from the trades). 

From the subsequent preferential offer for housing, the promoters are also increasing their stake in the company by 5 percent. Royal India Corporation Limited's - RICL previous projects, such as Vertu in Wadala and Coitre D in Matunga, have received widespread praise for their superior craftsmanship and attention to detail because they are strategically located in prime locations. As Kalyan keeps on arising as a noticeable land location, the Kalyan Marina will drive further territorial development and improvement, represented by extravagance, comfort, & network.

Expressing to this, CEO of Royal Indian Corporation Limited – RICL, Manoj Punamiya shares, "Our commitment to crafting extraordinary living experiences for our discerning clientele shines through in this project. With this endeavor, we aspire not only to deliver luxurious accommodations but also to enrich the burgeoning landscape of Kalyan as a premier real estate destination."