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<h1>Preferred Partner Selected for Rs 1,200 Crore Redevelopment of Two Residential Societies Under Cluster Development Scheme</h1> A real estate company has been selected as the preferred partner for redeveloping two residential societies in Lokhandwala Complex, Andheri West, Mumbai. The project, valued at approximately Rs 1,200 crore, will be executed under the state's cluster development scheme. The company operates through two business segments: residential projects under specific brands, and integrated cities and industrial clusters under different brands. The firm is recognized as one of the leading real estate companies in the country.