Lodha Sells Rs 1,600 Crore worth Homes in up-coming Thane Project

Lodha Group, one of India’s leading real estate developers, has reached another milestone with its new development in Thane selling over 2,000 homes worth over Rs 1600 crore prior to its project launch.

The Group received applications from over 3,000 home buyers across India to book flats in the first phase of the upcoming project.

In less than two years of acquiring the 88-acre land parcel from Clariant Chemicals in Thane, one of the largest land deals in the country, Lodha Group has now announced its mega plans for an expansive residential neighbourhood in Prime Central Thane.

It will be developed in multiple phases, with the first phase comprising 3,500 smart sized 1 and 2 bedroom residences, housed in 27-30 storied elegant towers around a master planned development featuring over 80% open spaces. The company said that about 60 per cent of the total residences planed for the phase one have been sold out under the pre-launch.

The pre-launch sale of Lodha Group's new project is a testimony to recovery sign in the real estate sector. Industry experts have attributed the Group's success to the increasing preference of home buyers buying real estate in Mumbai from developers who have a proven track record and credibility.

Commenting on the development, Prashant Bindal, Chief Sales Officer (CSO) of Lodha Group said, "It is very heartening to see the interest of homebuyers in this grand development. This neighbourhood has not only created super-normal demand in a highly competitive market such as Thane but also revived its real estate landscape by reinforcing people's trust towards appreciation and investment in real estate. We are working with the best mix of experts from Hafeez Contractor to Sitetectonix of Singapore, to ensure unmatchable quality of homes and a better life for all families."

Lodha's portfolio includes the World Towers, the world's tallest residential project; Palava City - India's first smart city; the Park (including Trump Towers) in Worli, and New Cuffe Parade in Wadala.

Lodha's land bank of 25 million sq. m is the largest by Indian developers, with a value of $10 billion.

Quick facts about Thane development:

• Buyers spread across 18 countries around the world.
• In India, people from over 60 cities, apart from MMR, bought a residence in Codename Big Bang.
• Unique 'IPO'  style method for applications - the first ever in the affordable luxury category in real estate.
• Thane is rated No.1 hotspot by a CII-JLL report with the highest projected rental appreciation among all the major cities in India.
• The area is expected to witness a tremendous spurt in capital values, with 60% appreciation from 2015 to 2020 as cited by Knight Frank

Radius Launches Ultra-luxury Residential Project in Bandra

Radius Developers has launched ultra-luxury residential project titled 'Project Bandra', a joint venture between Radius Developers, DB Realty and ABIL, located off BKC Road near MIG Cricket Club.

Spreading across five acres, Project Banda offers 2, 3 & 4 BHK and will have 22-29 storey towers, the company said in a release.

Radius has ropped in well-known architect Hafeez Contractor for this project. While AEDAS will take take care of interior designs, POD Tierra from Singapore will do the landscaping for the project.

Project Bandra's innovative z-shaped layout offers views of the stunning Arabian Sea on one side and lush greens on the other. The unique master plan optimizes the natural essentials like ventilation and sunlight, ensuring that every single residence is airy and bright.

With pricing of the flat starts from Rs. 3.6 cr, the project will be completed by 2018.

Besides three majestic grand double height entrance lobbies spread over 37000 sq. ft. and multi-activity landscaped area, there are a host of amenities that will pamper and invigorate the residents. The project boasts of over 50% open and green spaces.

POD Tierra will develop over 3 acres of elevated lush landscape which will provide the rare sea of green in the heart of the city. Also included in the project are more than one kilometre long jogging track dotted with trees, gardens and orchard walks, 42,000 sq. ft. of amenities including luxurious clubhouse, equipped with world class amenities, state-of-the-art sky gym, swimming pool, toddler's pool, squash court and indoor games zone and a yoga and meditation center with spa, steam and sauna to help relax your body and mind.

Other amenities include, a barbeque deck, mini theatre, bowling alley, poolside cabanas, gourmet restaurant and café.

The project is located closer to Mumbai's largest and first international level CBD  - the Bandra-Kurla Complex (BKC), international schools, hospitals, malls, 5-star hotels, recreation and entertainment centers.

The project brings alive the walk-to-work concept and fosters a work life balance. It is also well connected to important destinations - everything from South Mumbai to the Airport, the city suburbs and the station lie within a 10-minute radius. Linked by the Bandra-Worli Sea Link, Western Express Highway and Eastern Express Highway.

Chintels launches residential projects in New Gurgaon

New Delhi:  Chintels India, a real estate development company, with an extensive presence in Delhi and NCR,  has announced the launch of over five million square feet of residential and commercial development projects valued at around Rs 3500 crore in current market rates.

The projects spread across Sectors 106, 108 and 109 of New Gurgaon will be a part of Chintels Metropolis, a 400-acre plus development spread across several sectors of Gurgaon. The development is only a kilometer away from the new Northern Peripheral Road that is coming up there and is soon to become the primary link between Jaipur/Gurgaon and Delhi.

These projects come close on the heels of the successful launch of its group housing project Chintels Paradiso – which is the first phase of Chintels Metropolis consisting of more than 500 apartments with state-of-the-art infrastructure & amenities complimenting it. Construction of Paradiso is well on schedule with Chintels aiming to stick to its commitment of delivering quality housing well in time to customers. Chintels which has been actively involved in imparting education to the underprivileged through its Nora Solomon Foundation is also developing an educational institution to provide world class schooling in Chintels Metropolis.

Prashant Solomon, Managing Director, Chintels India Limited, says, "After the successful launch of Chintels Paradiso which has emerged as the most profitable real estate development project in NCR in the past one year, we are pleased to announce our forthcoming projects spread over 5 million square feet in Chintels Metropolis. We are expecting a robust growth in the real estate sector in the near future with escalating demand in both residential and commercial sectors especially in the areas of New Gurgaon comprising Sectors 106, 108 & 109, bordering Dwarka Phase-II. 0 Kilometers proximity from Delhi and a three minutes’ drive from IGI airport are the key factors that will make these areas the most sought after real estate destinations in NCR.”

Chintels Metropolis also includes a 150-acre luxury integrated township called International City (being jointly developed by Chintels, Sobha Developers and QVC Realty). The forthcoming projects will be surrounded by luxury farmhouses in Delhi on two sides and villas of International City on the other two sides. Besides these, Chintels has also partnered with estate developer ATS in Chintels Metropolis to launch ATS Kocoon - a gated residential project in Sector 109 of New Gurgaon comprising of 444 apartments being designed by the renowned architect Hafeez Contractor.

About Chintels India Limited

The Chintels group of companies has been active in the field of real estate in the NCR since 1992. The flagship company, Chintels India Ltd. (An ISO 9001:2000 certified company) is in the process of developing over 400 acres of prime land in the new sectors of Gurgaon which are located in a prime location touching the borders of Delhi. Located in Sectors 106, 108 and 109 of Gurgaon, the land bank that has been acquired by the company over the past decade or so is now ripe for development and is now being developed into an exclusive 153-acre township with over 70 acres of group housing surrounding it. Located in Sectors 114, 106, 108 and 109 of Gurgaon, the land bank that has been acquired by the company over the past decade or so is now ripe for development and is now being developed into an exclusive 153-acre township with over 70 acres of group housing surrounding it. Chintels is also actively involved in the field of education for the underprivileged through its Nora Solomon Foundation.

Constro 2012 focuses on affordable housing and green technology

Pune, Maharashtra: Constro 2012, an international exhibition on construction machinery, materials, methods and projects, was inaugurated by well known architect Hafeez Contractor here at Agriculture College grounds, Range Hill on Thursday. Organised by Pune Construction Engineering Research Foundation (PCERF), an NGO working in the interest of infrastructure and construction Industry, the four-day event is showcasing various aspects of technologies and innovations in the construction industry.

“The challenge before the construction industry is to provide affordable housing to 70 per cent of the population of the country,” Contractor said after inaugurating the event.

Pointing out that increasing the floor space index (FSI) will play a major role in solving the housing problem, Contractor said, “The demand for space in the office sector apart from housing is also on the rise and new townships on the lines of Chicago city will have to be built every year. Affordable housing means that houses should be made available to people at low costs as today the property rates are just going beyond common man’s reach.”

Shrikant Nivsarkar, president of PCERF said that as many as 300 stalls, both from India as well as abroad, are displaying products with themes on renewable energies for housing, innovative and lightweight construction technologies, affordable housing and sustainable construction.

Apart from home grown construction technologies, we also have technologies and products from China, Japan, Italy, Germany, France & Singapore on display, said Naren Kothari, chairman of Constro 2012.

Informing that the event itself an example for energy conservation, Kothari said, “We are using three windmills, each producing 5KW along with solar panels to generate 30KW of electricity for the event. The power is stored in a series of batteries and used for entrance and open area lighting. We will also be converting all organic waste generated at the exhibition into manure and give it free to the needy. We are looking futuristically and want to make a case for implementation of green power technology for housing societies and new projects.”

PCERF safety awards were also given away by J R Tanti of Synefra Engineering and Construction Ltd to Rohan Builders, Millenium engineers and Contractors Private Ltd, Devi constructions, BG Shrike technologies while the best civic engineer award was presented to Nandkishore Jagtap of Pune Municipal Corporation.