Q: Hi, As per the latest news Mumbai based developer Lodha Group has sold over 2000 homes in proposed 88-acres Thane project. Can anybody has more information on it?
Hi Rishi, Some of the development includes the World Towers, the world's tallest residential project i.e Pallava City which is considered as the India's first smart city, The Park (including Trump Towers) in Worli, and New Cuffe Parade In Wadala.
Hi Govinda, Thanks for the information. Is it the same owner (Clariant Chemicals India) who sold the land parcels to Lodha Developer in 2014 for Rs. 1154.25 crore?
Yes, it is. And the developer has received the above mentioned bookings at pre-launch of the project. As per the sources, he developer had undertaken pre-launch exercise for 9 days each, twice in the last 2 yrs after acquiring the land parcel.
And one more thing that i want to add that around 60% of the total residences have been acquired already by home-buyers under the pre-launch. This buyers have not only created the demand in a highly competitive market such as Thane but also revived its real estate landscape by reinforcing people's towards appreciation and investment in real estate.
Thanks Victor!!!! Do you have any information of Lodha Developers ongoing projects? Which are the some most beautiful development by this developer in MMR?
Hi Rishi, I heard that this project is going to develop in multiple phases with the current one comprising of 3500 apartments with 1/2BHK options. It will be a 27-30 storied towers around a master planned development which will have over 80% open spaces. And the value of these apartments, for which the bookings have been received is over Rs. 1600 crore.