Monday 16 January 2017

Changing the Face of Mumbai


Mumbai is often compared to New York for its similarity to its cosmopolitan culture and welcoming attitude towards people of all walks of life, community and faith.  Today, Mumbai is also starting to come on a level equal to other countries in terms of infrastructure, as well as the residential and commercial complexes. The credit goes to the government, as well as the builders and developers in Mumbai. Let us learn about some of the prominent ones:

Oberoi Realty: Present for over three decades, they have developed over 39 projects at strategic locations, with a staggering aggregate coverage of 9.18 million sq. ft of spaces.  They have another 21.55 million sq. ft in the making.



Kalpataru Group
:
Established in 1969 by Mr. Mofatraj. P. Munot, the company is focused on the development of premium residential, commercial, retail, integrated townships, lifestyle gated communities and redevelopment projects primarily in the Mumbai Metropolitan Region (MMR) & Pune. The company is also undertaking projects in other key cities such as Jaipur, Surat, Hyderabad and Chennai. They have developed more than 80 projects till date.


JP Infra: The company was established in 2006, and is quickly building its footprint all over Mumbai, and are now diversifying into other cities in India. Their largest project is in Mira Road, with a massive 3 million sq. feet, and they are now developing 8.5 million sq. feet with another 15 million sq. feet in the pipeline.


IndiaBullsReal Estate: Part of the larger Indiabulls Group, their real estate wing was formed in 2005 with a  focus on construction and development of residential, commercial and SEZ projects across major Indian metros. They have developed over 3 million sq.ft of property in Mumbai itself, apart from projects in Madurai, Ahmedabad and Thane. They have 14 on-going projects with total saleable area of 35.5 million sq. ft. under its wing.  


Lodha Group: They are one of the biggest players in the real estate industry and begun their journey in 1980. They are currently developing an estimated 43 million sq. ft., and have 28 ongoing projects across London, Mumbai, Pune and Hyderabad, as well as making forays into Bangalore. They have to their credit World One, the world’s tallest residential tower and Palava City, the country’s first Greenfield smart city.


Thus, it is clear that the city has a bright future in the hands of the builders and developers in Mumbai.