Page 22 - Construction_Opportunities_April_2024

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CONSTRUCTION Prescon Group, a renowned name in the real estate sector cater to every resident’s needs. From a clubhouse, swimming
PRESCON GROUP AND HOUSE OF HIRANANDANI
pools, jogging tracks and sport courts to children’s play areas
UNVEILS A NEW PROJECT ‘BELICIA’ AT THANE
and a gymnasium; the project ensures a balanced and joyful
living environment. Positioned in Thane West’s Panch Pakhadi, the
with a significant national presence, in collaboration with the
esteemed House of Hiranandani, has unveiled ‘Belicia’, a new
project benefits from its proximity to essential services, including
healthcare, education, shopping, and leisure, as well as major
luxury residential project in Thane. This grand 48-storey tower
transport hubs, ensuring both convenience and a tranquil lifestyle.
spans 1.5 acres and is set to redefine luxury and elegant living
in the region. With a RERA possession date slated for June 2028,
parks within a 1.5 km radius. Belicia in Panch Pakhadi, Thane is a
‘Belicia’ promises to be Thane’s new beacon of luxury. The project
is just a stone’s throw away from the Nitin Company Junction The ‘Walk to Work’ concept is a reality here, with major corporate
prestigious address due to its strategic location near the Eastern
and is situated on the prestigious Nitin Company Compound; a Express Highway, Thane Railway Station, and upcoming Metro Line
posh residential area considered as the Malabar Hill of Thane. 4. Its rapid infrastructure development and connectivity make it
Nitin Company is a historical landmark and the Company, Nitin highly desirable for both residential and commercial real estate,
Castings Limited, has been a significant contributor to Thane’s positioning it as one of the region’s top addresses.
development story. The proposed project, namely Belicia, floated Panch Pakhadi in Thane (W) due to limited housing supply and
by Prescon Group (The real estate arm of Nitin Castings) and House availability of enhanced physical and social infrastructure has
of Hiranandani, abounds with all the ease and conveniences witnessed better price appreciation of 11% and rental yields of
one could ask for. With the right mix of robust local transport, 3.02% in 2022, as compared to other micro markets of Thane.
prestigious schools, well-known hospitals, business centers, The area’s growth is bolstered by proposed infrastructure projects
stores, malls, and popular restaurants within a few kilometers; it’s that promises enhanced connectivity, capital appreciation, and
a neighborhood where everything you need is at your disposal. rental yields. The vibrant commercial hub around Nitin Company
‘Belicia’ offers a range of luxurious apartments with configurations attracts businesses and drives demand for real estate, fueled
of 2, 3 & 4 BHK homes, featuring carpet areas ranging from 779 sq by the preference for proximity to workplaces and leisure spots.
ft to 1546 sq ft, starting at `1.85 crore onwards. Each apartment With ongoing urban development initiatives, the region offers
is designed with marble flooring in the living, dining, and attractive investment opportunities, with the real estate market
bedroom areas, complemented by large decks, ample natural expected to appreciate and provide lucrative returns over time.
light, ventilation, and select residences featuring foyer areas for Thane, part of the National Smart Cities Mission, and its proximity
enhanced privacy. The project boasts of providing residents with to Mumbai and surrounding areas like Navi Mumbai, Mira-
panoramic views of the city and the serene Yeoor Hills with the first Bhayandar, Vasai-Virar, and Kalyan-Dombivali, makes it an
th
habitable floor starting from the 7 level. ‘Belicia’ is designed to appealing residential and investment destination. ‘Belicia’ is
offer residents a blend of modernity, luxury, and serenity. It aims poised to be a symbol of luxury and a smart investment in the
to offer an unmatched lifestyle with a plethora of amenities that Mumbai Metropolitan Region (MMR).

CASAGRAND LAUNCHES CASAGRAND ALPINE IT giants, the Saravanampati IT Park allows workers to move
Casagrand has launched Casagrand Alpine, a contemporary- around with ease. Vemesh B, Senior Vice President, Marketing,
style residential complex. Located in Saravanampati, the project Casagrande, said: “With this launch, the
offers 144 carefully designed luxury one, two and three-bedroom project represents an excellent opportunity for
apartments with over 20 world-class amenities, with prices starting homebuyers. To live, work and thrive in the heart
from `46 lakh. Located in close proximity to Sathi Road, just 15 of Coimbatore’s dynamic landscape from lush
minutes from the established Ganapathi area and just 5 minutes greenery to well-appointed seating areas,
from Saravanampatti Junction, this property provides residents the 1.4-acre residential community exudes
with easy access to a variety of amenities, convenience and tranquility and tranquility, with 55% open spaces optimizing the
recreational activities. Home to some of the world’s leading building’s space efficiency.

CENTURY REAL ESTATE SECURES `450 CR. INVESTMENT The infusion of `450 crore will primarily be allocated towards the
FROM EDELWEISS, SURPASSES `1000 CR.SALES MILESTONE development of a new luxury project in the heart of Bengaluru.
Century Real Estate, an integrated, full-service real estate A part of the funds will also be used towards Century Trails
development company based out of Bengaluru, has successfully and Century Wintersun Phase II, underlining the company’s
closed a funding round with Edelweiss, securing `450 crore in commitment to delivering innovative and high-quality residential
investment capital. Signifying a robust growth trajectory, the spaces.
company has further announced a sales revenue milestone Century, further has unlocked a 72-acre land parcel in northern
of `1000 crore in FY 2023/24 registering 4x growth in a span of Bengaluru aimed at developing a residential project in the vicinity
4 years. This achievement underscores the company’s strong of the international airport at Devanahalli.
momentum, which has led to this funding from Edelweiss Group, Century Real Estate has completed more than 10 mn sft of
who earlier had invested with the group in the year 2015 indicating residential, commercial and plotted projects across Bengaluru,
a growing partnership with marquee financial institutions aimed and over 20 mn of residential & commercial projects are currently
at more progress and development. under various stages of planning & development.

22 CONSTRUCTION OPPORTUNITIES|APRIL 2024