Mumbai,
November 11, 2024 :
Paradigm Realty, a prominent player in Mumbai’s luxury real estate market, has
launched two premium residential projects in Bandra (West) with an expected
topline of Rs 850 crore. These limited-edition luxury residences, located in
the high-demand neighbourhoods of Carter Road location (Perry Road) and Pali
Hill, are set to redefine luxury living in the city.
The
first project, Green Acres at Pali Hill, has an exclusive offering of just 5 luxury
apartments priced upwards at Rs 70 Cr each and a penthouse. Projected to
contribute Rs 420 crore to the topline, Green Acres encompasses a construction
area of 150,000 sq. ft. and a saleable RERA carpet area of 32,000 sq. ft. The
project’s capital requirement is structured in terms of funding, combining
debt, equity, and anticipated sales revenue.
Paradigm
Realty’s Superstar on Perry Road, is its second premium project with apartments
starting from Rs 17 Cr. It is expected to generate Rs 430 crore in Paradigm
Realty’s topline. Spread across a construction area of 1,80,000 sq. ft., the
project offers a saleable RERA carpet area of 42,000 sq. ft. The capital
requirement for Superstar is Rs 150 crore, which will be raised through a mix
of debt and equity, with the remaining capital to be funded via sales proceeds.
The
funding strategy for Green Acres and Superstar underscores Paradigm Realty’s
confidence in the market for premium, limited-edition residences in Bandra.
Commenting
on the new projects, Parthh K. Mehta, Chairman and Managing Director, Paradigm
Realty, said,
“These two limited-edition projects, Superstar and Green Acres, mark a
significant milestone in our journey to reshape the definition of exclusive luxury
living in Bandra. With a combined topline target exceeding Rs 850 crore, these
developments reflect our commitment to delivering premium residences that meet
the highest standards of quality and align with the discerning tastes of
today’s homebuyers. By adopting a balanced funding approach, we ensure that
these projects are delivered on time and with an unwavering focus on
excellence.”
Together,
Superstar and Green Acres will span a total construction area of 3,30,000 sq.
ft., with a combined saleable RERA carpet area of 74,000 sq. ft., solidifying
Paradigm Realty’s standing as a leader in Mumbai’s luxury real estate market.
These projects emphasize limited availability, targeting affluent homebuyers
seeking exclusivity in the prime localities of Bandra.
With
a focus on creating exclusive, premium living spaces that reflect evolving
market trends, Paradigm Realty continues to set new benchmarks in luxury real
estate development.
About
Paradigm Realty
- Paradigm Realty is a prominent player in the Mumbai Metropolitan Region’s
suburban real estate market. The company has etched a great track-record over
the last 8.5 + years of its operation and has established a reputation for
timely delivery, superlative space planning and fine craftsmanship with its cutting-edge
projects at competitive affordability. These projects showcase design
efficiency, pragmatic functionality and elegance while safeguarding the
environment, mainly prioritising Wishlist of its stakeholders i.e. need of home
seekers and drives sustainability for every member. Under leadership of CMD Mr Parthh K Mehta, Paradigm
Realty has risen to ranks of being a reputable brand, catering to 3000+ happy
families and demonstrating an impressive capability
to execute approx.
For More Information, visit: https://paradigmrealty.co.in/
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