Latest Property News from Mumbai Property Market

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Oberoi Realty Signs Agreement with Marriott International to Develop Hotels in Thane and Borivali

Feb 16 2024

Oberoi Realty Elevates Luxury Living with JW Marriott Hotel Thane Garden City and Marriott International Mumbai Marriott Hotel Sky City in BorivaliMumbai, 16th February 2024: Oberoi Realty today entered into an agreement with Marriott International, aimed at enriching luxury living experiences in the Mumbai Metropolitan
Region.

The agreement marks the development of two Marriott properties: JW Marriott Hotel Thane Garden City and Mumbai Marriott Hotel Sky City in Borivali, both set for completion in 2027-2028. These developments are positioned to redefine the landscape of urban living and hospitality in Mumbai, promising unparalleled experiences for both residents and visitors alike.

Speaking on the announcement, Mr. Vikas Oberoi, Chairman & Managing Director, Oberoi Realty Limited, said, “We are delighted to develop and bring the JW Marriott Hotel Thane Garden City to Thane and the Mumbai Marriott Hotel Sky City to Borivali.

The JW Marriott Hotel Thane Garden City will be set in Oberoi Garden City, Thane, our integrated development spread across 75 acres which will also consist of luxury residences and world class amenities.

The Mumbai Marriott Hotel Sky City will be part of Sky City, our integrated living development, spread across 25 acres in Borivali East which also consists of 8 luxury residential towers and the premium Sky City Mall that spans over 1.5 million square feet.

Combined with world-class interiors, design and architecture, this association builds upon our vision of foreseeing the absolute potential of spaces, our commitment to shape the future of Mumbai's real-estate landscape and to elevate and transform lifestyles not only for our customers but also the residents in both locations.

We look forward to continuing our long- standing association with Marriott International considering our ongoing management agreement with our hotels The Westin Mumbai Garden City and The Ritz-Carlton, Mumbai.”

JW Marriott Hotel Thane Garden City will be developed within Oberoi Garden City, Thane – an integrated development by Oberoi Realty. With the existing robust infrastructure and planned connectivity, Thane has created its own identity as an aspirational destination.

Building on the success of Oberoi Garden City, Goregaon, we are committed to enhancing Thane's lifestyle with luxury apartments, landscaped gardens, and world-class education. The JW Marriott Hotel Thane Garden City will add exemplary hospitality to the growing affluency of Thane.

Situated in Sky City by Oberoi Realty, Mumbai Marriott Hotel Sky City will further enhance the integrated lifestyle. We have delivered nearly 1500 apartments which are in the process of being handed over to their customers. Slated to launch in FY 2024-25, Sky City Mall is set to offer a gamut of experiences for the whole family with leading domestic and international
brands across apparel, electronics, lifestyle, entertainment options and culinary experiences.

With impeccable architecture, world-class amenities, seamless connectivity to the Metro and Western Express Highway, and the luxuries of Mumbai Marriott Hotel Sky City and the Sky City Mall, Sky City epitomizes the pinnacle of urban living.

These developments highlight Oberoi Realty's unwavering dedication to cultivate urban luxury communities. Embracing the core tenets of New Urbanism, Oberoi Realty strives to create dynamic and sustainable neighbourhoods that prioritize community well-being and connectivity, without compromising on luxury. Through innovative design principles and meticulous attention to detail, Oberoi Realty continues to lead the way in shaping the future of urban living in India. Residents can anticipate a seamless integration of luxury, convenience, and sustainability in every aspect of these developments.


Source - https://www.oberoirealty.com/media





Amitabh Bachchan Leases Prime Office Space to Warner Bros in Andheri West

Jan 09 2024

 
  
"Bollywood's iconic 'Shahenshah,' Mr. Amitabh Bachchan, has once again made headlines in the real estate sphere, this time for renting out four offices in the newly constructed Lotus Signature situated off Veera Desai Road, Andheri West. The property is part of the impressive portfolio developed by renowned builder Mr. Anand Pandit, a key player in the Juhu and Andheri belt with a stellar reputation under his brand 'Lotus.'

Strategically positioned at the heart of the Indian Film and Television Industry, this new addition to Mr. Bachchan's real estate ventures holds significant allure. Its proximity to the highway has caught the attention of global entertainment giant Warner Bros, prompting their acquisition of office space within the premises.

Mr. Bachchan, known for his strategic investments, boasts multiple assets in prime locations such as Juhu, Andheri, and Goregaon. His real estate ventures are carefully crafted to blend capital appreciation with lease rent returns, reflecting a thoughtful combination of long-term value and ongoing income streams.

As the 'Shahenshah' of Bollywood continues to make waves both on and off the screen, his real estate moves stand as a testament to his business acumen and investment foresight in the dynamic Mumbai property market."

Lodha & Skechers Build Mega Hub

Dec 28 2023

Urban Boom Fuels Warehousing in India: Lodha & Skechers Build Mega Hub

Think shoes, lots of them! India's cities are popping with people and they're buying like crazy, especially trendy kicks from Skechers. To keep up, Skechers and India's top builder, Lodha, teamed up to build a monster warehouse near Mumbai – bigger than 10 football fields!

This isn't just about storing shoes, it's about getting them to you, the city dweller, fast. This mega-hub will zip 60,000 pairs a day to your doorstep, so you can rock those Skechers in no time. Plus, it's near all the big shopping hubs, making deliveries even smoother.

Imagine skipping long store lines and waiting forever for deliveries. This warehouse is like a magic shoebox, making your shoe dreams come true!

But it's not just about shoes. This is part of a bigger trend – India's cities are growing like crazy and everyone needs stuff, from clothes to gadgets. So, more warehouses are popping up like mushrooms to keep everyone happy.

Lodha and Skechers are leading the way, showing how to build smart warehouses that cater to the fast-paced lives of city folks. Think fancy tech that keeps track of every shoe and zips them around like lightning.

So, next time you slip on your new Skechers, remember, they might have come from a giant shoebox near Mumbai, built to keep up with India's urban boom!

 

Check out the news in 2022

 

https://economictimes.indiatimes.com/industry/indl-goods/svs/construction/lodha-to-develop-1-1-million-sq-ft-warehouse-distribution-center-for-skechers-at-palava/articleshow/92382276.cms

 

Another Article in Hindustan Times.

 

https://www.hindustantimes.com/cities/mumbai-news/us-footwear-major-skechers-opens-6-lakh-sq-ft-warehouse-in-palava-101703185969638.html

 

Link to the Skechers Launch

 

<iframe width="1202" height="676" src="https://www.youtube.com/embed/SxIwMl8zJhQ" title="Skechers opens 1st National Distribution Centre (NDC) in Lodha Industrial &ampx; Logistic Park Palava" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>

 


 


 

Live in Mumbai with Dubai Life style - Own a Private Villa

Dec 10 2023

We have been witnessing a lot of new Township projects in the periphery of Mumbai, be it towards Thane, Dombivali, Navi Mumbai or Virar etc. But the one which takes away the cake is Lodha Upper Thane located 10 Min Drive from Majiwada equal to going upto Hiranandani Estate.

Introducing - Lodha Villa Royale which gives you the best experience at your home, with high ceilings to be living right here in Mumbai in your own piece of land with your own garden, that itself is just so so amazing. Come find out what inspired Sussanne Khan. You have 3 options here, Just Buy the Plots in the Community Development, keep it for a few years and construct on your own. You can buy Land plus Villa which is super structure done by Lodha itself an you can then furnish it as your own or even you can have even the designers recommended by Lodha to finish for you.

This is a Brand New Township where Lodha Group has nearly 200 Acres of Land and its off the Mumbai Nasik Highway and 1 Hour from Airport and 45 Min to BKC and around 60 Min to Colaba via Eastern Free Way.

Every thing here is Brand New, that is the beauty, its one of the nicest and cleanest complex with wide roads, a Cricket Ground, Football Ground, School and a Temple in the Complex. 

This is ideal for any one looking to Buy a Home or an Investment in Mumbai which is bound to have a steady Capital Appreciation. The Lodha Group has also launched Villas in this Scheme and i can only share that it feels like Dubai, Surrey (Vancouver, Canada) or the gated community villas in USA with Club Houses etc.

If you are looking to Invest or have a Home not far away from Mumbai, then this is the best bet you can have. Focus is on Quality Life, ZERO Pollution, the Temperature is 3 degrees cooler than Mumbai at night and of course the peace of mind to have a Home or your Private Villa which can be as large as 650 or 800 Sq.Yards or 250 Sq.yards with your own back yard and your own car parking space to charge your New EV.

A few of the Points which come to my mind for Choosing this for you as an Investment or a Home.

Spacious, well-planned township: Lodha Upper Thane is a large and well-planned township with over 200 acres of land. More than 80% of the development is dedicated to open spaces, parks, and gardens, providing residents with a green and healthy environment.

World-class amenities: The township offers a wide range of amenities, including clubhouses, swimming pools, gyms, sports facilities, children's play areas, retail outlets, restaurants, and healthcare facilities, ensuring a convenient and comfortable lifestyle for residents.

Excellent connectivity: Lodha Upper Thane is well-connected to Mumbai and other parts of the Mumbai Metropolitan Region by road, rail, and air. The Eastern Express Highway, Thane railway station, and Chhatrapati Shivaji Maharaj International Airport are all easily accessible, making it convenient to commute to work or travel to other parts of the city.

High-quality construction: Lodha Group is known for its high-quality construction and finishes. Apartments at Lodha Upper Thane are spacious, well-ventilated, and naturally lit, and come equipped with modern features and finishes.

Strong community: Lodha Upper Thane is home to a vibrant and diverse community of residents. The township regularly organizes cultural and educational events, fostering a sense of belonging and togetherness.

Investment potential: As Thane is a rapidly developing city, property values in Lodha Upper Thane are expected to appreciate over time, making it a good investment option.

https://www.youtube.com/watch?v=_qBU-LEDbU4 - Lodha Villa Royale designed by Sussanne Khan.

If you are looking to consider a Home in Mumbai and have the Lifestyle of Dubai or International then this is for you!!

Call - Sandeep Sadh - 9820030685 for a detailed presentation.

Dont Buy a Home if you cant afford - Rent It!!!

Dec 10 2023

In general, it's not recommended to buy a flat in Mumbai if you can't afford it. Here's why:

Financial Burden:

  • High property prices: Mumbai has some of the highest property prices in India, making it difficult for most people to afford to buy a flat outright.
  • Home loans: Taking a large home loan can be a significant financial burden, especially if you have other financial obligations.
  • Maintenance costs: Owning a property comes with additional costs like property taxes, maintenance fees, and repair costs.

Market Conditions:

  • Overvalued market: Some believe the Mumbai real estate market is overvalued, meaning prices are inflated and may not increase significantly in the near future.
  • Slow appreciation: Property appreciation in Mumbai has been slow compared to other Indian cities.
  • Stagnant rental yields: Rental yields in Mumbai are relatively low, meaning you may not be able to earn enough rent to cover your mortgage payments.

Alternative Options:

  • Renting: Renting a flat can be a more affordable option, especially in the short term. This frees up capital for other investments or saving towards a future purchase.
  • Investing: You could invest your money in other assets like stocks, bonds, or mutual funds, which may offer better returns than property.

Additional factors to consider:

  • Your age and career stability: If you are young and your career is still evolving, renting may be a better option until you have more financial stability.
  • Family plans: If you are planning to start a family, buying a flat may be a more attractive option for long-term stability.
  • Location: The location of the flat will significantly impact its price and rental yield. Choose a location with good amenities, infrastructure, and growth potential.
  • Personal preference: Ultimately, the decision to buy or rent comes down to your personal preferences and financial situation.

It's important to consult with a financial advisor or real estate expert before making any decision. They can help you assess your financial situation, understand the options available, and make an informed decision that is best for you.

 

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