Axiom
INDIA - 91 33 4020 4020   UK - 020 3290 4536   USA - 646 480 0364
Sign In  I  Sitemap   
AxiomEstates - India Real Estate
     India Properties Worldwide
 
Bookmark and Share
E-mail Print Tell A Friend


Residential Properties

 
 
Indian Real Estate News : Mumbai
Lodha's luxury housing project The Park unveiled
Source: The Hindu Business Line Aug 19, 2013
Mumbai-based Lodha Group announced the launch of private landscape "The Park" as part of its luxury housing project in Worli developed over a 17.5-acre Mumbai Textile mill plot.

Actor Aishwara Rai, also the brand ambassador, unveiled the project launch on Monday along with Lodha Group MD Abhishek Lodha. She announced her plans of investing in the project as well.

The Park has been built on the property bought from DLF last year for Rs 2,725 crore.

"We plan to develop projects around The Park and these would include high-rises, town houses, luxury retail and even select bungalows," said Lodha.

Around 85 per cent of The Park would comprise open spaces and also include retail plaza and concierge services.

To be developed over 40 lakh square feet over the next 5-7 years, the project has already garnered about Rs 3,500 crore through pre-launch sales revenue from the first two towers sold in January. The average ticket size of the sale was about Rs 5 crore.
The project entails an overall investment of Rs 5,000 crore and 30 per cent of its customers comprise NRIs, according to Lodha.
 Leave your comments
  
Comments

Citywise News
    All India
    Kolkata
    Mumbai
    Delhi NCR
    Bangalore
    Goa
    Pune
    Chennai
    Other Cities
News Category
    Home Loans
    Announcements
    Tax and Legal
    Policy
    Commercial
    Infrastructure
    FDI
    Developer
    Others
Axiom