Shapoorji Pallonji launches luxury residential project in Thane

Shapoorji Pallonji Real Estate has launched the Shapoorji Pallonji SKYRAA, a luxury residential project in Thane.

It is one of the tallest towers in Thane, which would have 332 luxury apartments with configurations of 3 BHK and 4 BHK, varying from 1300 sq ft to 1600 sq ft. These apartments have been designed with large balconies and spacious bedrooms.

The buyers would be able to enjoy recreational amenities, including an exquisite Clubhouse known as Float on the 51st level and a Rooftop Sky Lounge, offering intriguing views of the city.

The clubhouse would also include a business centre with a large workspace, library, spa and salon, golf simulator, music room, and viewing deck.

A high street retail zone called the Impulse of 40,000 sq ft total carpet area would be constructed within the project premises.

The project is established on Pokhran Road No 2 which is adjacent to the Eastern Express Highway.

It is one of the most preferred residential areas in Thane. The location also has well-developed social and civic infrastructure like world-class hospitals, commercial hubs, education institutions, retail zones, and shopping malls.

The apartments are available in the price range of Rs 2.44 crore to Rs 3 crore besides additional charges.

The company is expecting a total sales culmination of nearly Rs 525 crore from the new launch.

Thane has evolved into a significant centre for infrastructure development throughout the years. Proposed road tunnel between Tikuji-ni-wadi (Thane) and Borivali, Vitawa bypass road, linking Kopri to Thane-Belapur Road, Wadala-Kasarvadavali Metro line 4, Kapurbawdi-Bhiwandi Metro line 5, Proposed Majiwada Metro Station will all enhance Thane's connectivity, lifestyle quotient, and capital values. Mr Venkatesh Gopalkrishnan, CEO of Shapoorji Pallonji Real Estate, told the media that they have seen a steady demand for luxury homes in the last two months, indicating a change in the post-pandemic consumer behaviour in the Thane market.

He said that they have planned to introduce a new phase as they believe it is the correct time to provide the Thane micro-market with the best products.

Image Source

Also read: Shapoorji Pallonji to raise $375 mn via luxurious realty properties

Related Stories

Shapoorji Pallonji Real Estate, Kanodia to create 1.74-acre luxury project
BCD Fund Invests Rs.105 Million
Green Systems for energy efficiency
We are executing data-centre projects in MMR region: Paradigm Realty
We are executing data-centre projects in MMR region: Paradigm Realty