PR Newswire | 30 Jan, 2015
MUMBAI: Lodha Group, India's largest real estate developer, has received 400 units of bookings within 15 days for its Ghodbunder Road development in Thane. Connectivity, infrastructure and affordability are some of the key factors that have influenced home buyers to choose Ghodbunder Road in Thane as their favoured residential destination. From affordable apartments to premium properties, the area offers a wide assortment of housing options with exceptional amenities for all. The Thane market sells approximately 350-400 units per month (Source: PropEquity) across various developments - however, Lodha Splendora has itself received bookings for over 400 units within 15 days since being opened up for sale. This phenomenal response reflects the growing sentiment of smart home buyers seeking luxurious, well-balanced living options in the Thane region.
Over the last decade, Thane has grown into a self-sustaining metropolis and Ghodbunder Road has become an upmarket residential destination to be reckoned with. Infrastructure in the area has seen a major overhaul with expansive flyovers and wide roads as compared to its suburban counterparts. Ghodbunder Road enjoys excellent connectivity - approximately 20 km long. It links the two main arterial roads of Mumbai - the Eastern Express Highway, which starts at Sion ending at Thane, and the Western Express Highway, which starts at Bandra (East) and becomes the National Highway leading to Gujarat. Further infrastructure initiatives like the planned monorail network, which will connect Thane to the Western suburbs in its next phase and a Metro corridor extending from Wadala to Kasarvadavali on Ghodbunder Road, are a major draw for this location.
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Conveniently located on the eight-lane Ghodbunder Road, Lodha Splendora enjoys quick access not only to Central Thane, the Western Express highway and the Eastern Express highway, but also to the international and domestic airports, including the upcoming international airport in Navi Mumbai. It is also a mere 2.5 km from the proposed Metro at Kasarvadavali, a convenient 5 minutes away for residents.
Lodha group has been focused on catering to the needs of city residents who are looking for options that offer a better quality of life with more space, greenery and better amenities. The commitment to deliver premium quality housing in the Thane region is evident with the recent bookings for Lodha Splendora, with 70% of the residences that have been made available for sale being sold off, valued at over Rs. 350 crore.
Speaking on growing interest in Thane, Abhinandan Lodha, Deputy Managing Director of the Lodha Group said, "Lodha Splendora has created a new benchmark for the Thane region by providing a superior product catering to the customer's need. It has enhanced the living experience of over 500 families living in Splendora and the recent response from the market is testimony to that. We are committed to providing our customers the best in comfort, privacy and leisure for a holistic lifestyle."
Surabhi Arora, Associate Director - Research at Colliers International, has acknowledged the development by saying, "Ghodbunder Road, the urban face of Thane, is one of the fastest growing belt in MMR with a good mix of residential developments. Existing and planned infrastructure initiatives by local authorities such as TMC and MMRDA will further boost connectivity in the region. Private developers also play a pivotal role in development. Lodha Group is seen to be at the forefront of developing this region through premium offerings and larger sized projects. This location also offers scenic open spaces for a better quality of life, preferred by higher middle class as well."
About Lodha Splendora
Strategically located on the 8-lane Ghodbunder Road in Thane, Lodha Splendora is ensconced between the spectacular Yeoor Hills and the serene Ulhas River - presenting an opportunity to live in an idyllic setting and still enjoy easy connectivity to every part of the Mumbai Metropolitan Region. A grand development sprawling over 40 acres, Lodha Splendora has over 1 lac sq. ft. of landscaped greens with 85% development open to the sky. The landscape includes multiple themed gardens, refreshing water features, an open air amphitheatre and a Ganesha temple.
Currently 1, 2, 3 and 4 bed residences are being built across the development and exude world-class splendour with Italian marble flooring, fully-fitted imported kitchens and fitments. Such a superlative offering is synonymous with a lifestyle in the tony suburbs of South Mumbai. The fully functional 20,000 sq. ft. clubhouse hosts amenities such as a 170 foot long swimming pool, separate kids pool, state-of-the-art gym and steam room, yoga and aerobics studio, large indoor games room with a plethora of gaming options, a grand private theatre-cum-auditorium (100+ pax), library, business centre and an open air party lawn. Lodha Splendora is a haven for sports and fitness enthusiasts with courts for tennis and badminton, an 800 metre jogging track, cricket pitch and a football field. Designed for the discerning few, Lodha Splendora brings forth an unparalleled lifestyle to Thane.
About Lodha Group
Established in 1980, privately held Lodha Group is India's No. 1 real estate developer and amongst the world's select multinational real estate developers with presence in India and the United Kingdom. The company is one of the most profitable players in India and the largest by sales, having clocked Rs. 7519.4 crore for FY 13-14 - larger than #2 and #3 players combined in India. The group is currently developing an estimated 43 million sq. ft. of prime real estate with the largest land reserves in MMR, and has delivered 25 million sq. ft. as of September 30, 2014, with 28 ongoing projects across London, Mumbai, Pune and Hyderabad. www.lodhagroup.com
Lodha Group Corporate Communications