Dubai: The top choice for Indian investors seeking lucrative real estate returns
By- Mr. Rizwan Sajan, Founder and Chairman, Danube Group
Dubai has emerged as an alluring destination for the Indian real estate investors due to its strategic location, competitive property prices and above all the favourable government policies. The city offers an unmatched global lifestyle with its modern infrastructure, world-class healthcare, education, and entertainment options.
For Indian investors looking to relocate, Dubai presents a vibrant and cosmopolitan environment that appeals to families and professionals alike. The city’s commitment to innovation, technology, progress and development ensures a high quality of life for residents. In the post-pandemic era, the demand for real estate in Dubai has surged manifolds. It has led to an upward trajectory in property prices and tremendous capital appreciation for investors.
The absence of property tax in Dubai further enhances the appeal of real estate investment for property buyers. The government’s policy granting a 5-year renewable Dubai permanent Golden Visa to individuals owning a property or group of properties in the UAE has made real estate in Dubai an attractive proposition.
Additionally, Danube Properties ensures a 3-4 year handover period for all its new developments, which makes a difference in the real estate market by offering timely and rewarding opportunities for investors. Moreover, its developments offer over 40 amenities that ensure an unparalleled living experience for connoisseurs of luxury and excellence. In all our projects, we provide fully furnished apartments featuring luxury-branded furniture. When comparing per square foot prices, our properties are more affordable than those in Delhi and Mumbai, offering exceptional value for high-quality living.This encouraging scenario makes Dubai an attractive option for Indian investors.
The geographical proximity to India plays a significant role in attracting Indian investors to Dubai. With frequent flights and a short travel time, Dubai is conveniently accessible, making it easier for investors to manage their properties and visit their investments regularly. This connectivity also supports the strong business and cultural ties between the UAE and India.
Meanwhile, it’s an exceptional time to invest in Dubai, especially given the recent government reforms and progressive measures.
The reduction in company registration fees by the Dubai and Abu Dhabi authorities have made it more cost-effective for new investors. The immigration policy changes, which offer long-term visas and passports to major investors, scientists, academics, and skilled professionals, have significantly enhanced investor confidence and appeal.
As a result of all these positive developments, property investments in Dubai are delivering exceptional rental returns, significantly outpacing those seen in India, and surpassing the value of other investment classes. This encouraging scenario is attracting Indian investors with NRIs deriving exceptional benefits. For the Indian expats, Dubai stands out as a premier investment destination that also guarantees high quality of life. Considering all these factors, Dubai has a unique combination of factors that make it an ideal destination for Indian Investors.
3 businesses helping Indians get US Green Cards through real estate investments
27th August 2024: Every year, about 10,000 EB-5 visas are granted by the United States Citizenship and Immigration Services — A much sought-after route to obtaining permanent residency in the United States. Created to promote economic growth and job creation in the US, the EB-5 visa program provides a unique opportunity for foreign investors to obtain a green card by investing in new commercial enterprises or regional centers that generate employment opportunities. However, the lack of awareness of the US real estate market, and the distance between the two countries often make Indian investors apprehensive about making investments. Adding to the challenges is the fact that the process of obtaining a visa is a long-winded, complicated process, which further impedes investors from going this route. However, several businesses have taken the initiative to bridge this gap and make it possible for investors in India to obtain the EB-5 visa without much hassle.
Ashton Gray Investments
Ashton Gray Investments was born in 2011, from its Founder and CEO, Sumi Rengaraj’s personal quest for lucrative investments. Sumi was inspired to educate and empower more Indians to diversify their portfolio by investing in foreign real estate markets. Ashton Gray Investments’ EB5 Visa program represents a strategic gateway for Indian investors seeking to capitalize on residential real estate opportunities in the US, while securing a path to permanent residency. Since the EB5 Visa program requires investment in job-creating projects, the company leverages the opportunity to offer real estate ventures that align with EB5 criteria, ensuring investors meet both financial and immigration objectives.
The company has been successful in bringing to life projects with promising returns and job creation potential, meeting the EB5 program’s stringent requirements. With the company’s help, investors benefit from direct involvement in projects ranging from luxury developments to affordable housing initiatives, diversifying their portfolios while securing their permanent residence.
Peachtree Group
The Peachtree Group manages billions in capital across acquisitions, development, and lending, helping foreign investors secure permanent residency in the US through the EB-5 Immigrant Investor Visa program. From major cities like California to rural areas in the US, Peachtree Group is currently helping prospective green card holders invest in residential and commercial real estate projects. The company also works with renowned hotels such as Marriott and Hilton, and makes investments in constructing industrial parks, helping investors meet the stringent EB-5 Visa norms.
CanAm Enterprises
With decades of market experience and time-tested investment processes, CanAm is enabling foreign investors to identify quality projects that meet the USCIS requirements for the EB-5 Visa. The company simplifies the process, offering immigration insights, comprehensive documentation, consulate interview preparation and investment status reporting, helping investors every step of the way in obtaining permanent residency in the US. With hundreds of successful projects completed in Philadelphia, Florida, New York, Hawaii, California, Pennsylvania, Texas and Washington State, CanAm has helped numerous investors meet the investment and employment requirements under the EB-5 visa program.
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United Way Bengaluru Joins Hands with Karnataka Government to Transform Government Schools Under the SAMATVA Initiative
Bengaluru, August 26, 2024: United Way Bengaluru (UWBe) as a part of the Department of School Education and Literacy (DoSE&L), the Government of Karnataka’s Samatva initiative signed a Memorandum of Understanding (MoU) with the department. This partnership aims to enhance the education landscape in peri-urban and rural areas across the state, with a particular focus on strengthening government schools.
Under the initiative called Samatva, the Department of School Education and Literacy (DoSE&L), the Government of Karnataka, envisions strengthening and transforming government schools into model institutions. These Karnataka Model Schools have been conceptualized to provide quality education to students from Lower KG (LKG) to Pre-University College (PUC) levels, all within a single campus. With upgraded infrastructure, facilities, and learning initiatives, the goal is to improve the learning and well-being of students. To achieve this, the DoSE&L has invited NGO and CSR partners for strategic collaboration.
Rajesh Krishnan, CEO of United Way Bengaluru, stated, “The partnership with the government represents a path-breaking initiative aimed at transforming the educational landscape for students from kindergarten to pre-university college. Together, with our CSR partners and government stakeholders, we are dedicated to creating a nurturing learning environment, ensuring access to quality education and essential resources, particularly for the growth and development of children from marginalized communities.”
Since 2008, UWBe has been actively working with government and government-aided schools. With the support of CSR partners, it recently strengthened the Karnataka Public School in Nandagudi, Hoskote, Bengaluru. This school serves approximately 1,200 children, primarily from families of migrant and wage labourers. Key enhancements under this initiative included the construction of new classrooms and renovation of existing infrastructure, upgrading of toilet facilities, setting up STEM labs and science laboratories, and the installation of solar panels to promote sustainability and energy efficiency. Additionally, teachers have received training in STEM education, enabling them to integrate innovative teaching methods into their classrooms.
The modern laboratories have attracted more students to enrol in science disciplines, significantly benefiting 250 PUC students at KPS Nandagudi. Previously, these students faced challenges due to inadequate lab facilities, often having to travel over 20 kilometres to take practical exams at another centre.
United Way Bengaluru will continue to expand its efforts under the Samatva initiative. This will include setting up STEM, digital classrooms, and English Labs in more than 100 schools and strengthening school infrastructure, including integrating WASH elements based on identified needs. UWBe will also focus on teachers’ skills development and training them on reproductive health and gender sensitivity.
UWBe is an NGO focused on social issues that seek immediate and long-term attention. United Way Bengaluru marked a significant milestone this year as it completed its 15-year journey. As a part of the global network, United Way Worldwide, the largest network of non-profit organizations with 1,100 chapters in 37 countries, United Way Bengaluru carries a global image with a ‘local heart’ committed to creating meaningful change in the lives of the local communities. True to the organization’s mission “To improve lives by mobilizing the caring power of communities around the world”, UWBe catalyzes unified efforts from corporates, civic bodies, and citizen associations to bring about visible and sustainable change in the lives of the communities. The organization works in four key areas – environment, education, healthcare, and rural development.
Social Beat Wins Mandate to Drive Business Outcomes for Cialfo
Chennai, 26, August 2024: Cialfo, a leading global edtech company, has assigned its digital mandate to Social Beat, a premier digital marketing agency known for its innovative strategies and driving business outcomes. Social Beat will focus on increasing lead inflow through LinkedIn campaigns and improving organic ranking via comprehensive SEO strategies. Additionally, the agency will explore platforms like Meta and Google to boost brand awareness, targeting metrics such as cost per quality lead, keyword rankings, website visits, and keyword search volume.
Mr. Suneil Chawla, Co-Founder of Social Beat, said, “We are thrilled to partner with Cialfo, a pioneer in the edtech space. Our goal is to drive meaningful business outcomes by leveraging our expertise in digital marketing to enhance their lead generation and organic presence. We look forward to a successful and impactful collaboration.”
Pooja Gupta Pasari, Sr. VP of Strategic Operations at Cialfo, stated, “Our partnership with Social Beat marks an important step in our growth journey. Their deep understanding of digital marketing and commitment to excellence aligns perfectly with our vision. We are excited to work together to achieve our objectives and expand our reach.”
Signature Global Elevates Festivity with Special Janmashtami Offer
Gurugram, August 26th, 2024: Signature Global, India’s leading real estate brand announced an exclusive Janmashtami offer on its premium independent floor project ‘Signature Global City 63A’ located at the prominent Golf Course Extension Road, Sector 63A, Gurugram. This offer presents a unique opportunity for homebuyers to secure their dream home with significant savings and special benefits.
Under this limited-time offer, customers can book a unit with a nominal amount of just ₹1 lakh and avail of benefits worth ₹5 lakh. In addition, every booking will come with assured gold coins worth ₹2.5 lakh, adding a divine touch to this festive season. This exclusive offer is available only until August 30, 2024.
Mr. Devender Aggarwal, Co-founder & Joint Managing Director, Signature Global (India) Ltd. says” At Signature Global, our primary focus is on enriching the lives of our customers by providing value-driven offerings that go beyond just real estate. This Janmashtami, we are delighted to present an offer that not only makes luxury living more accessible but also adds significant financial benefits for our buyers. Our premium independent floors at Golf Course Extension, Gurugram, are designed to offer the perfect blend of modern amenities and serene living. We understand that purchasing a home is a significant decision, and with this special offer, we aim to make it a rewarding experience for our customers. We encourage homebuyers to seize this limited-time opportunity to secure their dream home in one of Gurugram’s most prestigious locations and enjoy the festive season with added joy and benefits.”
The premium independent floors at ‘Signature Global City 63A’ located at Golf Course Extension Road, Sector 63A, are designed to provide luxury living with modern amenities, ensuring a high standard of comfort and style. This prime location offers excellent connectivity and proximity to essential services, making it an ideal choice for discerning homebuyers.
Unlock Premier Commercial Opportunities with Society Shops on Dwarka Expressway, Gurgaon
Investors now have the chance to seize lucrative opportunities with the launch of society shops at India Rashtra, Sector 88A, and Vanya City, Sector 99A, Gurgaon. These projects, sanctioned under the New Integrated Licensing Policy 2022 and Deen Dayal Jan Awas Yojana, offer prime commercial real estate in one of the most sought-after locations in the National Capital Region (NCR).
An evening event was organized to announce and inaugurate the sales gallery at Sector 88A, Dwarka Expressway, with the occasion graced by the presence of renowned Bollywood actress Shamita Shetty.
Strategically located on the Dwarka Expressway, India Rashtra and Vanya City feature lockable society shops that present unique investment opportunities. With a nominal registration fee, the projects offer two flexible payment plans: the Construction Linked Payment Plan and the Down Payment Plan.
Under the Construction Linked Payment Plan requires a 9% booking amount within 7 days of allocation, 21% of TBC within 45 days from the date of allotment and on the BBA registration, staggered payments of 10% on the completion of each floor slab from the basement to the 4th floor, and the final 20% upon possession. Meanwhile, Down Payment Plan, investors are required to pay 9% of the booking amount within 7 days of allocation. Following this, 21% of the total basic cost (TBC) must be paid within 45 days from the date of allotment and on the BBA registration, 60% within 90 days from the date of allotment, and the remaining 10% upon the offer of possession.
India Rashtra in Sector 88A, Gurugram, offers prime lockable shops directly on the Dwarka Expressway, with shop sizes ranging from 312.328 to 384.537 sq. ft., available from the ground to the third floor. The registration deadline is September 5th, 2024, and the draw of lots for unit allocation is scheduled for September 7th, 2024.
The minimum investment starts from Rs. 32.46 lacs onwards.
Similarly, Vanya City in Sector 99A, Gurugram, provides a variety of lockable shops ranging from 399.95 to 1381.36 sq. ft., ensuring an exclusive shopping experience. Registration for Vanya City society shops is open at www.ddjayshops.com with a fee of Rs. 31,000/-. The registration deadline is September 5th, 2024, with the allocation draw scheduled for September 7th, 2024. With only 70 shops available at India Rashtra and 30 at Vanya City, these projects offer a limited but highly advantageous investment opportunity. The minimum investment starts from Rs. 46 lacs onwards.
Mihir Jha, Sales Head, expressed, “This is a once-in-a-lifetime opportunity for investors to secure strategically located shops right on Dwarka Expressway. Once the registration is successful in the draw of lots, investors will be able to obtain the allotment after payment of the initial booking amount. Both locations are strategically positioned to offer excellent connectivity and location advantages.”
The township, spanning 20 acres, is close to major landmarks, including the upcoming Global City, which covers over 1,000 acres and is surrounded by multiple luxury residential projects. The future metro station is just 5 minutes away, while the Global Smart City and IGI Airport are 5 and 20 minutes away, respectively. Additionally, NH 8 is just 5 minutes away, Hero Honda Chowk is 12 minutes away, and Yashobhoomi Dwarka Sector 25 is reachable within 15 minutes, making these locations highly desirable for investment.
GCCs Propel India’s Office Space Demand: Global Firms Lease 53mn sq ft
The recent joint report of CBRE and Zyoin highlighted how GCCs have significantly amplified their Indian operations over the recent decades, fueled by a skilled workforce, cost efficiency, and a conducive business climate. These growth factors have resulted in leading global companies to lease nearly 53 million square feet of office space since 2022 across Bengaluru, Hyderabad, Chennai, Pune, Delhi-NCR, and Mumbai to set up GCCs.
CBRE’s 2024 India Office Occupier survey also revealed that approximately 67% of GCCs intend to increase their office portfolios by at least 10% within the next two years. Thus, this upsurge in demand for office spaces from GCCs underscores a continued growth trajectory for the commercial real estate sector, encouraging developers to plan and curate more office spaces to meet future demands.
Mr. Nisheeth Thukral, Head of Leasing, Ambience Group said, “Global companies leasing office space in India to set up Global Capability Centres (GCCs) will turn out to be the prime drivers for the country’s commercial real estate. Even though Bangalore is at the top, NCR has also witnessed increased traction. There is a widespread demand, particularly for Grade A office spaces. As a key player in this thriving market, Delhi National Capital Region (NCR) offers immense potential, with companies like Ambience Group planning luxury mixed-use commercial developments near the Noida Expressway to capitalise on these opportunities.”
Mr. Sanchit Bhutani, Managing Director, Group 108, said, “The report showcases a positive viewpoint for Delhi-NCR’s commercial space market in India. Notably, the area around the Noida Expressway indicates a higher potential, fueled by the demand for office spaces and retail outlets. Further, significant infrastructure developments like the Noida International Airport have strengthened commercial realty growth. As global businesses expand their presence in the region, the trend encourages developers to create more specialized and premium office spaces, catering to the unique needs of various industries and enhancing the overall vibrancy of India’s commercial real estate landscape.”
Moreover, the availability and cost of quality real estate emerge as one of the prime growth factors for GCCs in India. The report also indicated that the leasing for GCCs accounted for 37% of the total leasing during H1 of 2024.
Harinder Singh Hora, Founder Chairman, Reach Group, said, “The report indicates an optimistic outlook for the Delhi-NCR office space market, particularly for Gurugram. As the region is introduced to noteworthy infrastructure growth, it forecasts an upsurge in rental values and leasing activity by GCCs, leading to growth in Grade A retail and office spaces. This momentum reaffirms our vision to deliver cutting-edge commercial spaces and reshape the real estate landscape.”
Salil Kumar, Director- Marketing and Business Management, CRC Group, said, “The surge in leasing by GCCs signals a strong demand for Grade A Office spaces. This heightened demand will not only drive the rental prices in prime locations in Delhi-NCR but also catalyze new developments, further strengthening the commercial real estate sector. As global companies secure large office spaces for their GCCs in India, we look forward to sustained demand for commercial spaces, encouraging developers to develop and deliver future-ready office spaces.”
Thus, as the market continues to evolve, the commercial spaces in India are set to experience sustained growth, reinforcing the country’s status as a strategic destination for global companies. This dynamic environment encourages developers to create specialized and premium office spaces, enhancing the vibrancy and competitiveness of India’s commercial real estate market.
South of Gurugram witnessed 137.3% Remarkable Real Estate Growth in last 5 Years
Gurugram: South of Gurugram has emerged as a premier real estate destination, experiencing notable property price appreciation and benefiting from stellar connectivity. According to data from 99 Acres, average residential property rates in this area have surged by 20.5% in the past year, 62.2% over the last three years, and an impressive 137.3% in the past five years. Independent floor prices have also seen significant growth, appreciating by 39.2% in the last three years and 98.9% over the last five years. The region’s exceptional connectivity, highlighted by the Delhi-Mumbai Expressway, has transformed it into a hub for high-value investments, making it an attractive choice for homebuyers and investors alike.
South of Gurugram has emerged as a prominent suburb for residential investments, thanks to its exceptional connectivity with the Delhi-Mumbai Expressway, the Centre’s flagship and most expensive infrastructural project. Sohna Road, located in South of Gurugram, has garnered significant attention from developers, transforming the region into a hub for high-value investments.
Mr. Ravi Aggarwal, Co-founder & Managing Director, Signature Global (India) Ltd. says that “South of Gurugram is rapidly transforming into one of the thriving suburbs in the National Capital Region, capitalizing on its proximity to the Delhi-Mumbai Expressway and commercial hubs like Cyber City and Golf Course Road. The seamless connectivity to the Gurugram-Sohna elevated road makes it an attractive location for professionals, offering a quick 15-minute drive to major commercial, retail, and entertainment hotspots in Gurugram. Homebuyers are increasingly drawn to areas like South of Gurugram for their closeness to nature and the health and wellness benefits it offers.
Access to green spaces is associated with greater social cohesion and a sense of community, enhancing overall well-being. In response to this rising demand for sustainable and health-oriented living, developers and urban planners are focusing on creating micro markets and suburbs that emphasize natural features and healthy lifestyles. This trend is set to continue as more people prioritize their physical and mental health in their daily lives.”
The proximity to the Sohna-Dausa stretch of the Delhi-Mumbai Expressway has been a major catalyst for the surge in real estate investments in Sohna Road, especially in the residential sector. This expressway has elevated Sohna Road’s status, making it a capital-rich investment zone with promising returns.
The remarkable 137.3% growth in South Gurugram’s real estate over the past five years underscores its emergence as a prime investment destination. This surge is propelled by strategic infrastructure developments, particularly the Delhi-Mumbai Expressway, which has dramatically enhanced connectivity and appeal. What truly sets South Gurugram apart is its commitment to sustainable living. The emphasis on green spaces and eco-friendly developments aligns perfectly with the growing demand for healthier, more balanced lifestyles. As urban professionals increasingly prioritize well-being, this region’s thoughtful urban planning and natural beauty become even more attractive. The consistent appreciation in property values, especially in residential sectors, reflects strong market confidence. Looking ahead, I anticipate this upward trajectory to continue. The area’s holistic development approach, combining economic opportunities with quality living, positions South Gurugram not just as a real estate hotspot, but as a model for sustainable urban growth in the NCR region.” – Mr Shashank Vashishtha, Executive Director, Exp Realty India
Sohna Road benefits from excellent connectivity to several key routes, including the Direct Noida-Delhi flyways, Delhi-Meerut Expressway, Kundli-Manesar-Palwal (KMP) Expressway, NH-2 (Delhi-Agra), Delhi-Mumbai Expressway, and the Jewar Airport connectivity highway. Additionally, the controlled six-lane elevated Gurugram-Sohna corridor (NH-248A) provides seamless access to major commercial, retail, and entertainment hotspots in Gurugram, just a 15-minute drive away.
Shailesh kumar Gupta, city based real estate consultant says, “Sohna popularly known as South of Gurugram has become an investment magnet within Gurugram’s thriving real estate landscape. Key corridors such as the Dwarka Expressway, Southern Peripheral Road (SPR), and 160-km Sohna-Dausa stretch of the DMIC (Delhi-Mumbai Industrial Corridor) are at the forefront of this transformation. The Sohna-Dausa stretch, in particular, has been hailed as a game-changer for South of Gurugram’s realty ecosystem, significantly enhancing interstate connectivity with states like Delhi-NCR, Madhya Pradesh, Maharashtra, Gujarat, and Rajasthan. The prospects of this stretch emerging as a prime residential and commercial corridor are high, simultaneously boosting real estate developments in the surrounding areas of Gurugram.
South of Gurugram’s commercial real estate properties offer diverse opportunities for businesses, including office spaces, retail outlets, industrial parks, and logistics centers. As per industry data and estimation investing in commercial property in South of Gurugram can yield immediate benefits and long-term gains both, driven by consistent infrastructural development. The region’s flourishing business ecosystem and robust economic growth further cement South of Gurugram’s status as a desirable hub for commercial real estate investments.”
The area is increasingly attracting upper-middle-class and upper-class income groups who are recalibrating their home-buying choices towards green homes and eco-friendly areas. The notified Master Plan 2031 for Sohna emphasizes the development of ample open spaces and green belts, making it a desirable location for homebuyers. The region’s commitment to preserving large swathes of agricultural land and its picturesque surroundings, including the serene Aravalis, adds to its appeal.
With its strategic location, stellar connectivity, and appealing residential options, South of Gurugram is set to become one of the most sought-after real estate destinations. The area’s growth trajectory indicates robust investment potential, making it an ideal choice for homebuyers and investors alike.
South of Gurgaon is an excellent location to invest in real estate owing to its location for growth and luxurious way of life
South of Gurgaon is emerging as one of the most favorable destinations for real estate investment. Due to its better connection via the Delhi-Mumbai Expressway & the government’s most significant and expensive infrastructure project, the southern part of Gurugram is emerging as a major destination for real estate investment. This southern area is home to Sohna Road, which has drawn an increasing number of developers and turned the area into a sought-after destination for premium real estate buys.
The region has played an important part in the real estate expansion, particularly in the residential sector, because of its proximity to the Sohna-Dausa section of the Delhi-Mumbai Expressway. This has significantly improved the area’s standing as an appealing location to invest with excellent potential for large returns, particularly in the luxury project market. The trend toward more expensive projects suggests that there is an increasing need for upscale housing options. Of the 5,452 newly launched residential units in Gurugram alone in H1 2024, 43% had prices of at least ₹5 crore. In response to this demand, developers have made significant contributions to the creation of high-end housing options, establishing South Gurgaon as a sought-after location that provides long-term value and excellent living.
Ravi Aggarwal, Co-founder & Managing Director, Signature Global (India) Ltd said, “The strategic location and rapid infrastructure development in and around South of Gurugram offers unmatched long-term value and quality living, making it highly attractive to homebuyers and investors. Its proximity to the Delhi-Mumbai Expressway enhances connectivity, further boosting its appeal. As developers focus on creating premium and mid-housing options, South of Gurugram continues to evolve, offering a blend of affordable, mid segment & luxury housing and abundant green spaces.
Ravi Aggarwal added, “Affluent buyers are gravitating towards South of Gurugram owing to the recalibration of their home-buying choices and the desire to invest in green homes and eco-friendly areas. South of Gurugram offers a unique combination of affordable luxury housing and abundant green spaces, creating an attractive environment for homebuyers. Further, the region’s excellent connectivity via the Delhi-Mumbai Expressway, coupled with other infrastructure marvels, positions South of Gurugram as a prime real estate destination. Hence, all these factors offer long-term investments and quality living to buyers and investors in the region.”
Additionally, the area enjoys exceptional access to a number of important thoroughfares, such as the Delhi-Meerut Expressway, the Delhi-Direct Noida flyway, the Delhi-Mumbai Expressway, the Kundli-Manesar-Palwal (KMP) Expressway, the NH-2 (Delhi-Agra), and the Jewar Airport link highway. Furthermore, the immaculate six-lane elevated Gurugram-Sohna corridor (NH-248A) provides easy access to major commercial, retail, and entertainment areas in Gurugram, which are only a fifteen-minute drive away. This is contributing to the natural growth of residential complexes in the area.
Kushagr Ansal, Director Ansal Housing said, “South Gurgaon is one of the promising and rapidly transforming areas in the NCR region. Its proximity to the Delhi-Meerut Expressway and other prominent hubs makes it an attractive location for residents and businesses in this area. Consequently, these factors collectively position South Gurgaon as a leading real estate destination, promising substantial returns on investment and a superior quality of life.”
Thus, investing in South Gurgaon, especially in upscale residential developments, offers selective homebuyers and investors a distinctive opportunity. The area’s advantageous connectivity, bolstered by the Delhi-Mumbai Expressway and other significant roads, has established it as an emerging hotspot for real estate growth. The notable increase in property values and rising interest in luxury homes highlight the region’s potential as a profitable investment location. As the region evolves, it promises a perfect combination of opulence, peace, and accessibility, making it an excellent option for those seeking to invest in a high-end lifestyle.
Tribeca Developers Achieves Total Sell-Out: “The Edge” Becomes South Mumbai’s Fastest-Selling Project
Mumbai, 22 August 2024: Tribeca Developers, India’s largest luxury branded residential developer and the largest global developer of Trump-branded projects, has set a new benchmark with the launch of their latest luxury residential offering, ‘The Edge.’ In just 30 days the project, which is a collaboration between Tribeca Developers and Tejukaya, has achieved sales exceeding INR. 1,000 crores, establishing it as South Mumbai’s fastest-selling residential development in recent years.
Situated on a prime 2.5-acre site in Parel, Tower 1 of ‘The Edge’ features 228 meticulously designed residences. The development includes a range of 2, 3, 4 & 5 Bed homes, with prices from INR. 4 cr to INR. 12 cr.
The project is one of the largest projects in South Mumbai and is being developed under the Maharashtra government’s ambitious Cluster Redevelopment Policy.
In January 2024, Tribeca Developers announced a collaboration with the 135-year-old Tejukaya Group on this project, with INR. 200 cr. financing line secured from HDFC Capital. Subsequently, Piramal Capital provided an additional INR. 120 cr. of credit line. With less than 50% of these financing lines drawn till date, Tribeca doesn’t expect to draw the balance lines.
Mr. Kalpesh Mehta, founder of Tribeca said “Tribeca focuses on building only landmark trophy properties, and our projects have always been extremely well received across India. With The Edge we pushed the boundaries of luxury well, till the edge, and we are grateful to our customers for rewarding us so robustly on our maiden entry into Mumbai. This is the biggest launch that Tribeca has had in its 12-year journey. The market for luxury residences in India remains strong and buyers across the country are willing to pay huge premiums over competition to acquire homes in trophy projects that are one of a kind, and that is the demand we cater to.”
He added, “Our asset light approach relies heavily on having extremely strong partners who have strong land expertise, such as Mr. Pranav Tejookaya. This land had been in his family for over 100 years and had 730 families housed in chawls built by his great grandfather. Pranav bhai’s ability to vacate and get approvals on once in a lifetime site, is a big reason for our success.”
Pranav P. Tejookaya, CEO & Managing Director of Tejukaya Group, said “Collaborating with Tribeca on ‘The Edge’ reflects our shared vision for redefining luxury in Mumbai. This location has a deep personal significance for us, and seeing it transformed into an iconic residential address is a proud achievement. With Tribeca’s expertise and our deep-rooted local insight, ‘The Edge’ will set a new standard for luxury living in Mumbai.”
‘The Edge’ boasts an iconic façade with two shimmering glass towers rising 600 feet into the sky and will be among the tallest towers in the micro-market. Design is at the core of the residences with every room featuring Tribeca’s signature openable façade, with full length sliding windows and glass railings on the outside.
Tribeca is known for developing the largest rooftop in the world in Pune. The rooftop at The Edge will be the most iconic in Mumbai and will be packed with amenities such as the glass-bottom sky-bridge. The project has one of the largest amenities programs in the entire micro-market with amenities spread across 4 levels.