Shapoorji Pallonji to Make a Mark in Mulund with residential projects

Leading real estate developer in India Shapoorji Pallonji Group has decided to  develop residential project in Mulund, targeting real estate enthusiasts and home buyers from Mumbai and adjoining areas. 

This upcoming project's development and marketing will be managed by Shapoorji Pallonji Group's real estate faction, in collaboration with Nirmal Developers.

Mulund - A blessed suburb 

The location of the project is probably enough to get the home-buyer to reach halfway towards an agreement. Mulund, also known as the prince of the suburbs, has been bestowed with the best of geography with the existence of the pristine Yogi Hills and the Sanjay Gandhi National Park.

For long now, the Sanjay Gandhi National Park has been a weekend/picnic that many Mumbaikars have taken a liking to. It depicts the nature perfectly with dense trees, plush greenery, and an artificial lake where boat rides can be enjoyed. One of its popular rides called the 'van rani' and a walk up to the Gandhi Tekdi are two other good reasons why this spot is frequented by many age groups.

Needless to say, Mulund is very convenient in terms of infrastructural facilities. From educational institutions to shopping malls, Mulund is perfect for a polished lifestyle.

Mulund is a proud suburb that houses a cosmopolitan mix. Many age groups can find their idea of leisure outing here. There are temples and parks for the middle aged while the young guns can frequent the malls, cafés and cineplexes.

The suburb has also contributed to the economic growth with various industrial factories and pharmaceutical companies like Hoechst, Wellcome, Glaxo, Merind and Johnson & Johnson; not to forget, the various engineering companies boasting of their addresses in the prince of the suburbs namely Bombay Oxygen, Chicago Pneumatic and ACC.

Connectivity has been another trump card for the city's economic development with Mulund's railway station, the Eastern Express Highway and LBS Marg.

Today, old constructions are making way for newer prospects and there is a spurt of new malls and movie theatres. Korum Mall & R-Mall have remained as some of the most favoured shopping complexes amongst the middle-class and upper-middle class crowd. The people's ever favourite D-mart can also be found in this suburb along with one of the world-class hospitals, Fortis Hospital.

Why is Shapoorji Pallonji investing in Mulund? 

Being a pioneer in the field of real estate, Shapoorji Pallonji has indubitably had a hawk's eye vision for good locations. Many of their projects are constructed in what one could call, 'lifestyle-friendly' locations like Howrah, Bengaluru and Pune. It's no surprise that they have envisioned an edifice in Mulund, one of Mumbai's leading suburbs. This upcoming project's development and marketing is managed by Shapoorji Pallonji Group's real estate faction, in collaboration with Nirmal Developers.

New township to adorn Uttar Pradesh realty map

Industrial townships are developed, not only to meet the growing demands of manufacturing sectors, which add up to the economic growth, but also create huge employment opportunities in the respective region besides boosting infrastructure and new residential settlements. These townships are self-sustainable where people enjoy all the basic amenities while residing closer to their workplaces.

Uttar Pradesh, which has several such industrial corridors to its credit, is all set to witness a world-class integrated industrial township coming up in Greater Noida as part of the much-awaited Delhi-Mumbai Industrial Corridor (DMIC) project.

Leading infrastructure and real estate developer Shapoorji Pallonji has been entrusted to complete the township with necessary infrastructure by 2018 at a bidding cost of Rs 426 crore. Coming up on the sprawling 335 hectares of land, the integrated township will be made on the lines of walk-to-work concept prevalent in developed nations.

Two development regions - Meerut-Muzaffarnagar Industrial area and Dadri-Noida-Ghaziabad Investment region have been planned in Uttar Pradesh as part of the 1483 km-long Delhi-Mumbai Industrial Corridor. The Integrated Industrial Township at Greater Noida is the first of the three early bird projects planned under DMIC. Other projects envisaged at Uttar Pradesh are Multi-modal Transport hub at Bodaki and Multi-modal Logistics hub at Dadri.

The Greater Noida Township is expected to bring in over Rs 30,000 crore of investments from the private sector besides providing over one million job opportunities.

The township, which is being set-up at Ecotech 11A, is likely to have a huge impact on the nearby areas such as Ghodi Bachheda village, Maincha village and along Eastern Peripheral Expressway in terms of infrastructure and real estate developments.

The Noida-Dadri-Ghaziabad Township, where electronics, information technology, food, auto and other small, medium and large enterprises will set up manufacturing units, is being built on the lines of self-sustainable industrial townships, according to a senior official from Greater Noida Industrial Development Authority (GNIDA).

The integrated industrial township is being designed with 51 per cent of land being reserved for industrial clusters, where a new concept of multi-storeyed set-up will be tried, while 11 per cent of the land will be taken up for residential purpose and 38 per cent of plots are being earmarked for institutional, commercial and green belts usage.

It may be recalled that the Uttar Pradesh Chief Minister Akhilesh Yadav had earlier initiated the township project in Greater Noida by laying the foundation stone, and emphasized his government’s keenness to develop an integrated industrial cluster on Eastern Dedicated Freight Corridor which, he said, would provide the much-needed fillip to the manufacturing sector and create new jobs in the state.

Ever since he came to power, the state has seen unprecedented growth with new industries coming up at various districts boosting the state’s economy, besides generating job opportunities and triggering infrastructure and real estate growth.

The DMIC, which connects all major industrial hubs in Delhi, Uttar Pradesh, Haryana, Madhya Pradesh, Maharashtra and Gujarat, aims to create world-class industrial settlements besides providing dedicated transport facilities for the fast movement of manufactured goods from Uttar Pradesh to various connecting states along the corridor up to Jawaharlal Nehru Port in Mumbai.

RICS and Amity establish India’s first 'School of Built Environment'

To address the shortage of skilled manpower in real estate, more than 200 Indian property developers have associated with Royal Institution of Chartered Surveyors (RICS), which has tied-up with Amity University to open India’s first institute in NOIDA that will provide education in real estate, construction and infrastructure related disciplines.

The School will also offer Management Development Programs to meet the training and development requirements of existing professionals in sector.

Inaugurating the RICS School of Built Environment, Kamal Nath, Union Minister of Urban Development said, “One of the biggest challenges facing the real-estate, construction and infrastructure sectors is that of good human resources. The school will enable quality and relevant education for young professionals entering this sector. I also look forward to the School of Built Environment creating ‘next practices’ which in turn will lead to ‘best practices’ for the industry.”

Commenting on the new school, Sachin Sandhir, MD-RICS South Asia said, “Built environment is severely being impacted by a demand-supply mismatch of professionals. The projected shortage of various core and specialized professionals to the tune of 44 million is a cause for significant concern, as it threatens the sustainability of high growth sectors of real-estate, construction and infrastructure, which contribute significantly to the nation’s economic development.

“Around 200 real estate developers including DLF, Hiranandani, Unitech, Shapoorji Pallonji and Raheja have participated in developing curriculum for the institute. They have also been involved in developing case studies whether it is Terminal 3 project or metros,” said Sachin.

RICS also announced the appointment of Prof. K.T. Ravindran as Dean of the RICS School of Built Environment, AmityUniversity. An internationally acclaimed academician, he has over 30 years experience in academia, and was the former Dean of the School of Planning and Architecture and the Chairman of the Delhi Urban Arts Commission. He is also the founder and President of the Institute of Urban Designers – India, which is a professional association of qualified urban designers. 

Globally, the built environment sector accounts for 10% of the work force, 70% of wealth, 60% of all utilized materials, 40% of carbon emissions and 60% of energy utilization. In India, the sector accounts for nearly 17.5%* of the GDP, second only to agriculture and is the second largest employer with over 50 million people working in built environment. 

The institute will start operating from August in Amity’s Noida campus and will initially provide three specialized courses. The first batch will have 135 students. The industry body expects this number to reach 700-800 per year in the next few years. RICS may open a second campus in two years in either Mumbai or Bangalore.