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HOUSE HUNT 2013
FIRST STEP
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Supreme Pallacio, Supreme Universal
Rodas Enclave in Thane comes under this budget category and is present in the fully-developed Hiranandani Estate. Thane enjoys easy connectivity with the rest of Mumbai and Navi Mumbai
ft). To ensure that residents of Global City live in world-class conditions, all forms of basic infrastructure have been planned and are being executed, including roads that are 75-100 feet wider, water and power supply and three sewerage treatment plants that will allow recycling of water. A dedicated sewage treatment plant is expected to generate 1.20 lakh liters of water per day for flushing and gardening purposes. Besides this, around 60,000 plantations will provide a green environment to the residents. Education being a priority, it has proposed schools, colleges, a stadium size playground and a state-of-theart health-care facility, shares Chowdhry.
Rs 80 lakhs-Rs 1.5 crores
According to this budget, the locations outlined by Zia are Thane, Panvel, Kharghar, Mira Road, Bhandup, Mulund, Nerul, Powai, Ghatkopar, Chembur and Kandivlli. In these locations, 1-BHK forms 20 per cent of the realty market, 2-BHK forms 30 per cent, 2.5 BHK forms 35 per cent and 3-BHK forms 15 per cent. These locations demand a premium because of its developed physical and social infrastructure and easy connectivity to all parts of Mumbai and Navi Mumbai. The starting of the Metro and monorails will help in appreciating the value of these areas. These areas have the presence of prominent developers including Lodha Group, Hiranandani, Kalpataru, Arihant Superstructures, HDIL, Marathon and Rustomjee, mentions Zia. Rustomjee Urbania, spread across 127 acres in Thane, falls under this category. The buildings have been designed and certified with IGBC Gold Rating to meet energy efficient standards prescribed by IGBC Green Homes. Acme Groups Acme Boulevard, located in the prime location of JVLR, falls in this category. It provides fabulous connectivity with the Western Express Highway being at a mere distance of 2.6 kms and the Jogeshwari Vikhroli Link Road at a distance of one km. It is in close proximity to Konkan Hospital, Holy Spirit Hospital, MIDC, the domestic airport, Jogeshwari/Andheri railway station, Powai and SEEPZ, says Roshan Wadhwani, marketing manager, Acme Group. Acme Hills in Goregaon (east), Acme Avenue in Charkop, Kandivalli (west) and Oasis in Kandivalli (east), also fall under this cate-
central side, Thane has large layouts and open spaces as most people nowadays opt to live in large integrated townships with everything, from work to schools at a stone-throws distance. Rodas Enclave in Thane comes under this budget category and is present in the fully-developed Hiranandani Estate. Thane enjoys easy connectivity with the rest of Mumbai and Navi Mumbai. The property rates in Thane have appreciated from Rs 2,000 to Rs 15,000 per sq ft, in the last 10 years, says Prakash Shah, director (business development and finance), Hiranandani Group. According to Samujjwal Ghosh, head of marketing, Lodha Group, Lodha Splendora located on the eightlane Ghodbunder Road, Thane, offers 1, 2 and 3-BHKs ranging from Rs 60 lakhs to Rs 1.5 crores. There is access not only to central Thane, the Western Express
highway and the Eastern Express highway but also to the international and domestic airports, including the upcoming international airport in Navi Mumbai. With businesses and industries already present in the area and a high degree of social infrastructure, Ghodbunder Road with its excellent connectivity, is set to boom. This is already evident as one can see the mushrooming of residential properties from various developers. Rustomjee Evershine Global City at Virar, provides amenities and caters to all age groups. Global City has an unique offering for Kids - Yazoo Park, a 12-acre exclusive amusement park for kids inside the township. It has the capacity to house 20,000 families, offers a wide range of apartments to home aspirants ranging from 1-BHK to 4-BHK (400 sq ft to 1,350 sq
MARATHON GROUP MAYUR SHAH,
MANAGING DIRECTOR, MARATHON GROUP What differentiates luxury properties developed in Mumbai from those in other cities, is the balance between opulence and practicality. Understanding the lifestyles of Mumbaikars, almost all properties developed in Mumbai, luxury or otherwise, focus on connectivity to arterial roads, convenient accessibility to commercial zones and proximity to other lifestyle indulgences. Amenities such as swimming pools, gymnasiums, welllandscaped gardens and ample car parking are among many facilities that almost any luxury property developed in Mumbai needs to meet in order to win the favour of home buyers. Established in 1969, the Marathon Group is known for setting several benchmarks in the real estate sector. The Group was the first private sector entity to introduce the concept of modern town planning in its projects, in the year 1992. The Group was also the first developer to build a helipad atop its 25-storeyed Marathon Heights project at Worli in the year 1996. The Group is led by Ramniklal Shah, founder and chairman; Chetan R Shah, vice-chairman and Mayur R Shah, managing director. The Group is also known for pioneering the concept of lowrisk, high-return land bank concept in India. Using the tried and tested model, the Group has successfully developed mill land properties, after resolving complex labour and asset reconstruction issues in Mumbai. Among the projects done using this model are: Piramal Spinning and Weaving Mill Marathon Nextgen; Jay Bharat Oil Mill Marathon Heights; Mafatlal Mills and Khatau Mills.
The companys performance management system is built around a strong set of visions that ensure alignment of the entire organisation with these larger goals. As a Group, Marathon has always emphasised on green buildings which is an outcome of a design philosophy which focuses on increasing the efficiency of resource use energy, water, and materials, while reducing building impacts on human health and the environment, during the building's lifecycle, through better design, construction, operation, maintenance, and removal. Marathon Group has developed over 70 projects with a built-up area of over 2 million sq ft. The Groups ongoing projects, worth over 1 billion USD, are likely to create over 8 million sq ft in Mumbai alone in the next few years and tied up land bank in the Mumbai Metropolitan Region of around 1,000 acres. The Group has developed high-rise residences, corporate and IT parks, retail and townships. Website: [Link]
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