Page 22 - CO_April_2023

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CONSTRUCTION Arihant Superstructures Limited, a leading real estate company, second round of sales. With the promise of reliable and trustworthy
ARIHANT SUPERSTRUCTURES INVESTS 400 CRORES IN ITS
NEW PROJECT IN KALYAN
construction, the project has garnered a lot of attention from those
looking for affordable yet premium living options in Mumbai. The
1BHK apartments start at 31 lacs and the 2BHK apartments are
is excited to announce the launch of its new project, Arihant
Aaradhya in Kalyan. This luxurious residential project is designed
priced at 45 lacs, making them half the rate of similar properties
in Kalyan. The construction of the project is currently in full swing,
to offer residents a unique living experience with an artificial sea
and it is expected to be a popular choice for those looking to
beach and facilities. Arihant Superstructures plans to invest 400
Crore in its new project in Kalyan with 1050 flats.
“Arihant Aaradhya is a unique project that offers a luxurious living
One of the main highlights of Arihant Aaradhya is the unique
artificial sea beach, which is the first of its kind in the region. invest in Mumbai’s real estate market.
experience with a range of world-class amenities. The artificial sea
The beach is designed to provide a relaxing and rejuvenating beach and facilities will provide residents with a refreshing and
experience to the residents, with white sand, palm trees, and a exciting way to relax and stay active, making Arihant Aaradhya
clear blue pool that creates the illusion of an ocean. The beach the perfect place to call home.
area is equipped with cabanas, sun loungers, and providing the In addition, The proposed infrastructure development around
perfect spot for residents to unwind and enjoy a tropical paradise. Arihant Aaradhya is an added bonus for investors and homebuyers.
Arihant Aaradhya a new residential project in the heart of Mumbai. The new railway station and the Kalyan Ring Road will make the
Spread over 7 acres, the project offers a range of apartment area more accessible and convenient for the residents. It will
options to suit various needs and budgets Arihant Superstructures also increase the value of the investment, making it an attractive
Ltd, a well-known real estate brand, has launched a new affordable opportunity for those looking for long-term investment options.
housing project on the Ring Road of Kalyan, connecting Bhiwandi With its luxurious amenities and strategic location, Arihant
and Titawala, at Baapgoan opposite Khadakpada. The project Aaradhya is set to redefine the residential landscape in Kalyan and
offers luxury amenities at an affordable price point, making it an provide residents with a truly unique living experience. The project
attractive option for potential homebuyers. In its initial launch, the is expected to be completed by 2025 and is already generating
project has already sold 350 flats and is now scheduled for a significant interest from homebuyers and investors in the region.

INDIA SOTHEBY’S INTERNATIONAL REALTY FACILITATES bungalow at at Friends Colony West (Delhi) with a listing price of
SALES OF PROPERTIES WORTH $450 MILLION IN FY23 `70 crore, luxury floors at Golf Links with a listing price of `70 crore,
India Sotheby’s International Realty facilitated sales of properties villa in Goa listed at `42 crore, super luxury flat in Mumbai’s Bandra
worth $450 million (around `3,700 crore) in the last fiscal, up 50 per West with a listed price of `45 crore. “Large business families,
cent annually, driven by a surge in demand of ultra luxury homes. CXOs, professionals, and startup founders looking for a bespoke
The company, which focuses primarily on luxury residential sales lifestyle make up the customer profile for luxury homes marketed
and large capital market property transactions, had facilitated exclusively by India Sotheby’s International Realty,” Goyal said.
property transactions worth $300 million in the previous year. Additionally, India Sotheby’s International Realty grew its work force
Real estate consultant India Sotheby’s International Realty also by over 40 per cent with a current team of around 80 professionals
announced that Amit Goyal has been designated as Managing from private banking, luxury, hospitality and real estate. The firm
Director for India, Sri Lanka and Maldives, and Ashwin Chadha has a presence in New Delhi, Mumbai, Kolkata, Bengaluru, and
designated as CEO for the region. Goa, along with Colombo in Sri Lanka.
“We have achieved 50 per cent growth in transactions value
closed by us during the last fiscal. Post-Covid, there has been KOLKATA TO GET WORLD TRADE CENTRE
a surge in demand for luxury properties and prices have also The World Trade Center Association (WTCA) and the Merlin Group
appreciated,” Goyal told reporters here. He mentioned that have partnered to develop a World Trade Center (WTC) in the
investors have also returned to the market, seeing a rise in prices. Nabadiganta Industrial Township Authority (NDITA) area, Salt
Asked about the company’s own revenue in terms of consultancy Lake, Kolkata at an outlay of `1,500 crore. This is the first under-
fees, Goyal did not disclose the number but said that it also grew construction World Trade Center in eastern India.
by 50 per cent. Out of the total property transactions, Chadha said The WTC will spread over 3.5 million sq-ft and incorporate World
around 92-93 per cent were in residential segment while the rest in Trade Center branded services such as trade information, trade
commercial properties and capital market property transactions. education, research, inbound & outbound trade missions,
He highlighted that 85 per cent of the transactions concluded by business services, tenant services, international business club,
the company pertained to secondary (resale) property markets. conference facility, convention and services, exhibition facility
Geographically, the company said 60 per cent of the transactions and IT/ITes offices. It will also house a five-star hotel, F&B outlets,
were in Delhi-NCR market followed by Mumbai, Goa, Kolkata and as well as entertainment facilities. It is expected to generate close
Bengaluru. International markets contributed around 10 per cent to 30,000 jobs.
to the business. The proposed WTC is expected to attract business from overseas
Some of the big-ticket sales achieved in FY23 include a Kautilya countries and also promote trade and business through 320 WTCs
Marg bungalow which was listed at Rs 150 crore, luxury floors at spread over nearly 100 countries across the world. It will facilitate
Malcha Marg listed at Rs 80 crore, two farmhouses at the outskirts collaboration with international trade bodies and investors through
of South Delhi with listing prices of Rs 110 crore and Rs 85 crore, a other WTC members.

22 CONSTRUCTION OPPORTUNITIES|APRIL 2023