Real estate firm Raheja Universal Ltd is looking to sell land parcels, totaling over 600 acres located outside the Mumbai Metropolitan Region (MMR), to fund its forthcoming projects as it focuses its business in Mumbai and its suburbs. MMR refers to the region in Maharashtra consisting of Mumbai and its neighbouring towns, including Thane, Navi Mumbai and Vasai-Virar, among others. The Suresh Raheja-promoted firm, which mainly operates in Mumbai, had earlier planned to step out of the city but so far it has only executed one residential project in Mangalore in Karnataka.
Read more: Livemint
