#dailynews60 : Shapoorji Pallonji, one of India’s oldest and reputed builders, is all set to foray into the Thane real estate market, along with other new ventures.
The Shapoorji Pallonji Group basks in a legacy of over 150 years of constructing architectural and engineering marvels in India and across the globe. Some of their landmarks include The Trident in Mumbai, Park Towers in Dubai as well as the Palace of The Sultan Of Oman. The Shapoorji Pallonji Real Estate (SPRE) brand has been charting new highs in the Indian real estate sector based on the foundational pillars of trust, innovative designs, flawless execution and quality of construction.
The SPRE brand has made inroads into most Indian cities – Bangalore, Pune, Virar, Gurgaon, Howrah and Kolkata – with a variety of developments from luxury apartments, opulent residences to aspirational homes for mid-income homebuyers as well as one of the largest mass housing projects in India.
Along these lines, they have recently announced ambitious plans to develop around 80 million sq. ft. of myriad residential projects in the next couple of years. This is the highest volume of launches any developer in India has attempted thus far. The entire 80 million sq. ft. of land that will be developed will be dedicated to housing catering to various income brackets. This will ensure Shapoorji Pallonji’s unmatched, wide and diverse customer base.
Lifestyle-friendliness, excellent connectivity, quality social infrastructure are some of the determining factors that single out a location. In the last few years, Thane has been one of the fastest growing cities and real estate markets in the country. It has all the factors that the SPRE brand finds attractive about a potential location. Hence, as part of their new 80 million sq. ft. development plans, they are venturing into Thane.
In the last decade, Thane has emerged into its own as a city. The Thane railway station is a major terminal with most outstation trains stopping here and the two of the suburban railway lines – Central and Harbour – running services to and from Thane. The Eastern Express Highway (EEH) and the Ghodbunder Road have acted as game changers in connecting Thane to the eastern and western suburbs of Mumbai. This connectivity provides excellent accessibility to numerous business districts such as Nariman Point in South Mumbai, Lower Parel, Bandra Kurla Complex (BKC) and CBD Belapur in Navi Mumbai.
In the last five years particularly, Thane has transformed into a commercial hub as well with many offices and commercial spaces. Thane now has numerous coworking offices. A number of startups find it easier and more convenient to have offices in Thane due to its excellent connectivity and relative affordability, thus drawing talent and more business to Thane.
Metro connectivity is set to further boost Thane’s connectivity, livability, and lifestyle quotient as well as capital values. The announcement of the recent two metro lines – Gaimukh to Mira Road along the Ghodbunder Road and the Wadala-Ghatkopar-Thane-Kasarvadavli along EEH – will offer unparalleled connectivity to Thane. Work on the latter metro line has already begun with the first service expected to begin in 2020. In addition to the metro, Thane will also benefit from being a stop on the much-anticipated Bullet Train service. Thus, Thane will become a major junction or gateway in every sense of the word.
It is, thus, a most opportune time to choose to live or invest in Thane. Shapoorji Pallonji understands such market sentiments and dynamics and hence has chosen to locate its latest premium residential project on Thane’s popular Pokhran Road No. 2 which is located adjacent to the Eastern Express Highway. It is one of the most favorable neighborhoods of Thane. Smt. Sulochanadevi School and DAV Public School, Korum and Viviana Malls, Jupiter, Bethany and Lifeline Hospitals are all within a 1 km radius of this coveted residential area.
The newest SPRE project on Pokhran Road No. 2 will offer an exceptional living standard in Thane and elevate the city’s status as a premium residential destination. It will embody the pillars of trust, quality construction, and innovativeness that have made this brand recognizable across the globe.