MUMBAI: Lavasa Corporation has announced the launch of Mugaon, the second township to be built at Lavasa, a private hill city being developed by HCC.
Mr Rajgopal Nogja, Group President, HCC, said, “Dasve and Mugaon, the first two towns are part of the planned Phase 1 development which has been cleared by the Ministry of Environment & Forests. Dasve, the first town is completely sold out and, for Mugaon, we have a long waiting list.”
Lavasa Corporation has taken up the construction after securing the environment clearance by the Ministry. Mr Nogja handed the keys of an apartment to the 100th citizen of Lavasa.
The Mugaon will be nestled across 2,400-acre and will comprise residential, education, business and commercial spaces.
Over four years, more than 2,000 apartments, ranging from 550 sqft to 2,000 sqft will be built. The price of square feet varies from Rs 3,550 to Rs 3,950.
Mugaon will have connectivity to Lonavala through another approach road and a tunnel is also proposed to be built for the purpose.