Dosti Realty Expects to Generate Approximately Rs 700+ CR Revenue from the New Launch Dosti West County - Dosti Tulip at Balkum Thane West

 

Mumbai, Maharashtra, India,

•  The factor of lifestyle, wellness, security, and sustainability in the project to elevate one's standard of living.

•  2 BHK and 3 BHK homes to suit the buyer’s needs.

Successful at providing an unmatched living experience to homebuyers across the Mumbai Metropolitan Region, Dosti Realty reveals its latest launch Dosti West County – Dosti Tulip in Sector 2 at Balkum, Thane. This large-scale project has already sold over 1650 units in its previously launched buildings - Dosti Oak, Dosti Cedar, and Dosti Pine in Sector 1, providing a perfect balance between nature and a modern lifestyle.
 
Known for its commitment, quality and timely delivery, Dosti Realty with its wide range of state-of-the-art amenities in its residential projects is now all set to raise the bar even higher with the launch of Dosti West County – Dosti Tulip, one of the most premium set of towers within the project. This is due to the mesmerizing views of the Uhlas creek it offers, so one can wake up to soothing views or enjoy a beautiful sunset right from the comfort of their home every day.
 
Dosti Tulip seamlessly harmonises nature and contemporary metropolitan living. Spread across 3 towers these approximately 650+ exclusive apartments comprise 2 BHK homes and 3 BHK homes of various sizes. In the first tower that is being launched - Tower B, the 2 BHK homes range from 53.94 sq.mtrs (580 sq.ft) to 61.44 sq.mtrs (661 sq.ft) while the 3 BHK homes are 85.82 sq.mtrs (923 sq.ft). These 2 BHK homes start at Rs 92.60 Lakhs* while the 3 BHK homes start at Rs 1.47 CR*, which is extremely attractive given the gamut of offerings that are within and surrounding the project. Besides this, there is a No Stamp Duty and Registration Offer, Pre-EMI Scheme** and Bank Subvention Schemes** also available for those looking for easy payment options. This exclusive price and offers would be applicable for the first 81 flats only.
 
Keeping in mind contemporary needs and preferences, the project is well equipped with amenities suitable to a holistic lifestyle for which the buyers are on the lookout constantly. Enhancing their lifestyle quotient, the elevated podium garden and clubhouse at the 4th level offers recreation facilities like a swimming pool with kid’s pool, outdoor as well as an indoor gymnasium, box cricket, amphitheatre, kid’s play area, crèche/ toddlers play area, party deck, elders gathering area, table tennis, snooker, chess, carrom, Zumba room, multipurpose hall, lawn, and sports courts ensure that one has a range of amenities to choose from for every mood. 
 
The conceptualization of Dosti Tulip has been focused on the factor of wellness, security, comfort, and sustainability. So, this gated community is equipped with power backup for common areas, superior safety, and security measures that will put its inhabitants at ease. Moreover, to foster green living among its occupants, these homes come equipped with green features like solar panels, LED light fixtures, energy-saving appliances, natural ventilation, usage of low VOC paints, rainwater harvesting systems, water-efficient fixtures, waste management, and native plant species for landscaping.
 
For cultural demure, Dosti West County has collaborated with two renowned names: Mr. Shiamak Davar and Mr. Suresh Wadkar. These tie-ups have been done so as to infuse the element of recreation, fitness as well as entertainment, ensuring happy and healthy residents, enjoying every bit of their stay not only inside the house but in their surroundings as well. Residents of Dosti West County will be able to enroll and attend the Shiamak Davar's Institute for Performing Arts and Ajivasan Music Academy on payment of the applicable fee once the classes commence within the complex.
 
Further, various conveniences surround Dosti West County, the proposed EuroSchool at Dosti West County, focuses on fostering a schooling ecosystem that delivers the joy of learning to every child through highly trained teachers. Their balanced schooling philosophy and use of innovative teaching methods enable every child to become the best version of themselves. There would also be retail shopping with the Dosti West County development to take care of everyday needs. In addition, the project includes a commercial premises Dosti West County - Dosti Westwood (Phase 3) which is an all-inclusive haven for both Dosti West County residents as well as their friends and family. So, if someone is looking to book a beautiful banquet hall, cosy guest rooms, eat at the restaurant or hire the AV Room, this is the perfect solution. The upcoming Grand Central Park is also just a minute away from Dosti West County and other social infrastructures be it schools, colleges, malls, hospitals, etc are within a 10 km radius making it a very convenient location for any family.
 
Mr. Deepak Goradia – Vice Chairman and Managing Director, Dosti Realty says, “Dosti West County is a large-scale project. After successfully launching 3 towers in Sector 1 and witnessing the high demand for 2 and 3 BHK homes in the Balkum, Thane location, we have now launched this latest tower Dosti West County – Dosti Tulip in Sector 2. Over 1650 homes have already been sold in Sector 1 and we hope to have similar success with this new launch. Dosti Realty has always been a brand that is synonymous with fulfilling our customers’ aspirations when it comes to owning their dream home, this is a legacy we are proud of and will continue to fulfill.”
 
Thane as a location has witnessed significant development across sectors be it in residential, commercial, retail, social infrastructure, hospitality, etc over the past years. Its beautiful hilly landscapes coupled with the planning and development taking place has attributed to the city making its way into the Smart City list. Thane’s great connectivity to Central Mumbai, Western Suburbs, South Mumbai, and other parts of the city demonstrates a ceaseless growth becoming one of the preferred investment-friendly real estate destinations in the Mumbai Metropolitan Region. This has also given rise to renowned national as well as international companies that have set up their base here transforming it into an alternate CBD. Wagle Estate, Ghodbunder Road, Thane-Belapur Road have become the focal point of commercial and IT / ITeS developments. With the gamut of on-going/proposed infrastructure like the proposed 6 lane tunnel connecting Borivali and Thane, Metro Line 4 (Wadala- Ghatkopar- Thane), Metro Line 5 (Thane- Bhiwandi- Kalyan), Thane Waterways Transport System, Extention of Eastern Freeway to Thane, Balkum to Gaimukh Coastal Road, Thane Internal Metro, etc, the progress and evolution in Thane’s property domain has been complemented by swift infrastructure expansion.
 
Dosti Realty endeavours to bring in a taste of an evolved lifestyle to Thane, staying true to its commitment to offering the highest living standards to all its residents.

About Dosti Realty

Dosti Realty has been in the real estate business for over 4 decades and delivered more than 126 properties till date, providing homes to over 9,700+ families. Encompassing a portfolio of having delivered over 11 mn. sq. ft. and currently constructing around 6 mn. sq. ft. across Mumbai and Thane, the company has experience in various development types, be it Residential, Retail, IT Parks, etc. Over the years, it has been known for Aesthetics, Innovation, Quality, Timely Delivery, Trust, and Transparency, Values that have built lasting relationships.

Dosti West County - Dosti Tulip project is registered with MahaRERA under registration No. P51700032666, Dosti West County – Phase 4 - Dosti Pine project is registered with MahaRERA under registration No. P51700025834, Dosti West County – Phase 3 - Dosti Westwood project is registered with MahaRERA under registration No. P51700015501, Dosti West County – Phase 2 - Dosti Cedar project is registered with MahaRERA under registration No. P51700015258, Dosti West County - Dosti Oak project is registered with MahaRERA under registration No. P51700006565 and are available on the website https://maharerait.mahaonline.gov.in under registered projects. Please note that the sale/lease of premises in the above-referred projects shall be subject to and governed by the terms and conditions of the agreement for sale/lease. This project is financed by Kotak Mahindra Investments Limited and Kotak Mahindra Prime Limited. **Financial institution pre-EMI and subvention scheme subject to eligibility. *T & C Apply 

Times Real Estate Conclave & Awards 2021 brings good news galore, best performers

The Times Real Estate Conclave & Awards 2021 had a flurry of good news for developers and other constituents of the industry. The chief guest of the event Dr. Jitendra Satish Awhad, housing minister of Maharashtra, announced that the state government is likely to have an amnesty scheme where in concessions along with a guarantee that there will be no Section 13(2) for five years will be extended to the defaulting developer companies. Section 13(2) is the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. 

One of the conditions that the developers will have to follow will be the rehabilitation of the residents of the existing colonies before the redevelopment procedure starts. “MHADA will lease open plots to the developers and they can go and get money on that. There will always be a tripartite agreement signed by MHADA. No builder will own an inch of land in MHADA. Builders can only redevelop the property but not own the property,” Mr. Awhad said. 

Times Real Estate Conclave & Awards 2021 was held with all the usual pomp and glory at The Taj Palace, Colaba on December 20, 2021, and was attended by the best-known names in the real estate industry. The state minister’s announcement was whole-heartedly welcomed by the audience. 

The annual event which the real estate industry eagerly awaits every year conferred 36 felicitations to the best performers in all categories of real estate development from townships to commercial space, retail malls to luxury brands, lifetime achievers to the matic projects. 

Maharashtra government is waiting for the President’s assent to a state government’s amendment of the law, explained Dr. Awhad, which will allow the Maharashtra Housing and Area Development Authority (MHADA) to redevelop or repair dilapidated and cessed buildings. 

The amendment of the law can revolutionize the real estate business in Mumbai. “It is not enough to just give government policy concessions and tax benefits to the industry. The state government is trying to build confidence so that all the stakeholders, viz: the consumer, the developers, and the state government benefit from the growth in the sector.” 

The two panel discussions during the conclave were on the "government support through circle rate cuts and stamp duty reductions" and “commercial and residential real estate demand bouncing back.” In the first discussion the panelists were Boman Rustom Irani, President-Elect, CREDAI (Confederation of Real Estate Developers Association of India) and Chairman and Managing Director, Rustomjee; Rajan Bandelkar, President, NAREDCO and Founder and Managing Director, Raunak Group and Manish Bathija, Owner of Paradise Group. In the second discussion, the panelists were Manan Shah, Managing Director, MICL Group Khilen Shah, SVP - Corporate, Hubtown Limited and Paarth K Mehta, Managing Director, Paradigm Realty India. 

The winners of this year’s Times Real Estate Icons are:

> Iconic Outstanding Contribution to the Real Estate Industry: Rajan Bandelkar of Raunak Group

> Iconic Real Estate Brand of the Year: Birla Estates

>Iconic Super Luxury Project: Rustomjee Elements Juhu by Rustomjee Group

> Iconic Realty Personality of the Year: Boman Irani of Rustomjee Group

> Iconic Committed Developer of the Year: Paradise Group

> Iconic Township Project: Sarova by SD Corporation

> Iconic Residential Developer – Central MMR: Raunak Group

> Iconic Young Achiever of the Year: Manan Shah of MICL Group

> Iconic Commercial Project for New Work Environment: “At” by AGM Vijaylaxmi Venture

> Iconic Township Project: Wadhwa Wise City by The Wadhwa Group

> Iconic Luxury Segment Project – Central Suburbs: Purva Clermont by Purvankara

>Iconic Luxury Segment Homes – Western Suburbs: Raajvilas by The Laxmi Group

> Iconic Emerging Developer of the Year: Paradigm Realty

> Iconic Residential Project of the Year: Birla Niyaara by Birla Estates

> Iconic Luxurious Real Estate Brand of the Year: Lodha Luxury

>Iconic Residential Project Launch Campaign: Birla Estates for Birla Niyaara

> Iconic Developer for Redevelopment Projects: Je & Vee Infrastructure

> Iconic Residential Project of the Year – South Mumbai: Dosti Eastern Bay by Dosti Realty

> Iconic Residential Project – Thane: Rutu City by Rutu Group

> Iconic Super Luxury Project – South Mumbai: 25 South by Hubtown

> Iconic Innovative Market Brand in Real Estate: Justo

> Iconic Women Achiever: Priyaa Gurnani by Moraj Infratech

> Iconic Super Luxury Project – Thane: Viraj Tower by Raunak Group

> Iconic Innovative Commercial Project: Goodwill Bizhub by Goodwill Developers

> Iconic Township Project  – Central Suburbs: Rutu Riverview Classic by Rutu Group

> Iconic Thematic Project: Provident Palm Vista by Provident Housing

> Iconic Real Estate Launch Campaign of the Year: Rustomjee Bella by Rustomjee Group

> Iconic Residential Project Thane: Northern Lights by Shapoorji Pallonji Real Estate

> Iconic Strategic Partner Affordable Housing: Stallions

> Iconic Residential Developer – Kalyan MMR: Saket Group

> Iconic Excellence in Location: Swaminarayan City by Swaminarayan Group

> Iconic Budget Homes: MMR Shreeji Nisarg by Shreeji Developers

> Iconic Affordable Weekend Homes: Majestic Meadows

> Iconic Developer of Balance Lifestyle Township: Siddharth Group

>Excellence in Customer-Centric Developer – Central Suburbs: Rajshree Builders

> Iconic Real Estate Consultant: Jignesh Hirani 

DISCLAIMER:

Times Real Estate Conclave and Award 2021 

Research Methodology

The objective of this research was to arrive at Times real estate conclave and Award  2021 in their respective categories. The survey had these modules i.e. Desk Secondary Research, Approach for sharing fact file, Factual survey (Participatory Survey) to arrive at the analysis & identify final results of top performers in different categories.

A secondary/ desk research was conducted to make an exhaustive list of real estate players in Mumbai. The various sources used for the generation of real estate entities list included: Directories of Credai Mumbai, BAI, REDAI, NAR, etc.

More than 400 real estate players were sent the factual data questionnaire and then rigorously followed up through telephone, email and personal visits.

The study was conducted in Mumbai for 4 weeks, starting from the 2nd week of November 2021. The final score for each entity was weighted to an average of Factual Score. Based on the final score, results were drawn in respective categories.

Some caveats/assumptions:

•  Best efforts were made to reach maximum every real estate player in the respective categories.Any entity which expressly stated that it did not wish to participate in the survey was excluded from the survey.

•  If the nomination for any specific category was not received, those categories were dropped and categories with single nominations were given unanimously.

•  Only those business entities were considered who have submitted their participatory factual sheet

'Skyz' by Danube Receives Overwhelming Response by Clocking 60 percent Sales

New Delhi, Delhi, India: Danube Properties, the UAE-based affordable housing pioneer and one of the most dynamic and popular private real estate developers in the UAE, has announced that its recently launched Skyz Tower project has been 60% sold out. The affordable homes at Skyz Tower come with Danube Properties’ trend-setting 1 percent payment plan that helps middle income tenants and end-users to easily acquire their dream homes. 

The most desirable project Skyz Tower will be developed by Danube Properties at the Arjan master-planned community in Dubai, close to the Miracle Gardens, opposite to Motor City, Dubai Hills Estates and Dubai Hills Estate Mall with the easiest access to Mohammed Bin Zayed highway. A residential project with a development value of Dh475 million, Skyz Tower is a Mediterranean-themed high-rise residential tower with elegantly-designed apartments, retail outlets and recreational facilities with a development value exceeding Dh475 million. 

Mr. Rizwan Sajan, Founder and Chairman of Danube Group said, “It’s truly encouraging that we have successfully sold out 60% of our project Skyz Tower within just a couple of months of its launch. I take this opportunity to thank all those who have been involved and have made contributions in making this project a huge success for us. We are committed to launch state-of-the-art projects for our valued customers and our belief since the starting has been to deliver projects on time without any compromise on the aspect of quality.” 

Enthused by the overwhelming response, Danube Properties has further set sights on new projects in Dubai Marina and Downtown - two of the city’s most prominent freehold clusters. The launch of Skyz Tower comes 18 months after Danube Properties successfully launched its project, Olivz last year. Danube Properties has recently delivered Bayz and Miraclz and all these projects have been appreciated by all the investors who had bought units in them. 

Further, Danube Properties is all set to deliver another project Lawnz which will take the number of its delivered units to 4,281 with sales value exceeding Dh3.5 billion by the end of this year. This will help to reinforce Danube Properties’ reputation as one of the most successful developers in the UAE with the highest launch-to-delivery ratio. 

About Danube Properties

Danube Properties, part of the Danube Group, made its foray into the real estate market in June 2014, by launching the Dh500 million 171 townhouses at Al Furjan. Since then, it continued to expand its development portfolio by launching Glitz Residence I, II, III, Starz, Glamz, Miraclz, Resortz, Bayz, Jewelz, Elz, Lawnz, Wavez, Olivz and Skyz projects. 

The company currently has a development portfolio of 7,002 units, with a combined value exceeding Dh5 billion. It has so far delivered about 2,155 units, with a combined sales value of Dh2.1 billion – or nearly half of its portfolio value. 

Strata, leading prop-tech startup crosses 500 crore AUM mark

Aims to upscale AUM to Rs. 900 crore by FY22, accelerate product development and diversify investment offerings

·        First proptech company in India to cross 500 crore AUM mark

·        Doubled AUM from Rs. 240 crore to Rs. 500 crore in just 9 months

·        Investor base witnessed 300% growth last year and currently has 1,500+ active investors and 20,000+ users

·        35 Lac is the average ticket size of investors

·        Listed over 13 assets across states of – Maharashtra, Tamil Nadu, Karnataka, Telangana & Rajasthan

·        Recently raised Series-A funding of USD 6 million led by Kotak Investment Advisors and Gruhas Proptech, a Zerodha owned fund

Mumbai: Strata, India’s leading tech-enabled commercial real estate (CRE) investment platform, is the first proptech company in the country to have crossed a significant threshold of 500 crores in Assets Under Management (AUM). The company recently raised $6 million in a Series-A round co-led by Kotak Investment Advisors Limited, Gruhas Proptech (an exclusive fund by Nikhil Kamath of Zerodha & Abhijeeth Pai of Puzzolana Group), and Sabre Investments.

The company which doubled its AUM from Rs. 240 crore to Rs. 500 crore in just 9 months also witnessed a massive jump of 300% in its investor base crossing 1500+, which comprises more than 20k+ active users. The company now aims to upscale its AUM by nearly 2X to reach ₹900 crore by April 2022. The company is eyeing a host of asset classes such as industrial assets, office spaces, warehouses, data centers, hotels, hospitals, among others. The company is also eyeing sale & leaseback deals with large corporations on long-term leases.

Strata, since its inception in November 2019, has offered a suite of high quality, commercial assets such as office spaces, warehouses and industrial facilities among others. Strata funded 150+ crore worth commercial property at Hosur. It made Strata the first proptech company to fund property worth 100+ crore, which witnessed 100% investment in 35 days of listing. Owing to its data centric approach, Strata has successfully pioneered to penetrate tier-II markets such as Jaipur wherein assets have witnessed full investment in just 15 days of the listing. This very data driven approach has also enabled Strata to identify newer and high potential markets while offering superior ROI to its investors.

The assets funded are situated across cities such as Bengaluru, Hosur, Hyderabad, Mumbai etc. Earlier this year, Strata raised Rs. 34 crore for its ‘E-Zone investment opportunity’ in Mumbai. A premium office located in Goregaon, the asset received 100% commitment from investors within just 48 hours of its listing. Additionally, the company raised Rs. 47 crore for another office asset unit located in the Financial District in Hyderabad. That asset too received 100% commitment from investors within just 4 working days since its listing.

Strata has been relentlessly working towards democratising the commercial real estate investment space in the country and has funded assets across the states of Maharashtra, Tamil Nadu, Karnataka, Telangana and Rajasthan. Strata was also the first proptech platform to offer warehouse investment assets through an online platform in India. The company raised Rs. 140 crore for a consortium of three grade-A warehousing assets amid the Covid-19 pandemic.

Commenting on the development, Mr. Sudarshan Lodha, Co-founder & CEO, Strata, said, “2021 has been an extremely special year for Strata as we have grown at a significant pace, adding 1 crore to our AUM everyday this calendar year, which has enabled us to double our AUM to Rs. 500 crore in just about 9 months. Being one of the pioneers in democratising CRE as an asset class in the country, Strata has been diligently working towards enhanced risk mitigation and client centricity, while offering robust returns to our investors. The milestone is extremely valuable as it is a testimonial of the unhindered faith our investors have invested in us and our transparent modus operandi. It will play an instrumental role in further strengthening our position as a trusted investment partner for both our clients and developers. We are committed to accelerating our growth journey from here while building and offering more inclusive and rewarding products for our investors.”

Through its tech-enabled platform, Strata empowers retail investors across the globe to invest in specific commercial properties in a particular location of their choice whilst offering good yields. Currently, the platform has over 20,000+ users along with an active base of more than 1,500 investors globally. Besides, it also offers a robust and trusted platform for real-estate developers all across the country to find investors for their assets. While 18% of the investor base comprises NRIs, others include HNIs, family offices, top management from Fortune 500 companies as well as UHNIs, and institutional investors.

Last year, in March 2020, the company had raised $1.5 million in seed funding co-led by Elevation Capital and Mayfield India along with participation from PropStack angel investors. Strata envisions to be the largest alternative investment platform in the country for retail investors by enabling them to invest in CRE assets—by democratising assets and offering it on an easy-to-use online platform.

About Strata Property Management

Strata is a tech-enabled commercial real estate investment platform that allows investors to own and sell units of pre-leased, Grade-A commercial properties such as office spaces, warehouses, industrial assets, etc. It is funded by marquee investors, Kotak Investment Advisors, Gruhas Proptech, Elevation Capital, Mayfield India, and others.

Sourcing Commercial Real Estate  and offering it on an easy-to-use online platform, Strata aims to democratize CRE, making it accessible for a much larger investor base.

With its data driven asset selection and a single window platform to invest in assets across the country Strata brings in transparency, and ease of liquidity to CRE investments. Investors earn superior rental yields and can liquidate the investments whenever required. In a year’s time Strata has funded multiple assets amounting to an AUM of over 500 crore while also managing 80-90 Crores in asset management.

Sales Worth 1000 Crores Were Recorded by Rustomjee Crown, an Uber Luxury Real Estate Project in Prabhadevi

Mumbai, Maharashtra, India: As per records from April 2021 to December 2021, Rustomjee Crown has recorded 37% of the total registrations in South Mumbai among the top players in the premium luxury segment of the branded real estate sector. As per the sales records, Rustomjee Crown registered 105 apartments out of the 282 registrations* in the select premium luxury segment. The total stamp duty paid against these registrations accounts for approximately 42 Crores.

 
From the sales this year at Rustomjee Crown, a major chunk of the inventory has been purchased by customers from leading banking and financial institutions. As per reports, it was observed that South Mumbai has recorded a great demand and fast sale of high quality, luxury real estate inventory this year. Located in Mumbai’s upmarket residential area, Rustomjee Crown is in the heart of Prabhadevi - connecting the quaint cultural beauty of South Mumbai and the bustling energy of the western suburbs.
 
Rustomjee Crown is a gated community spread over 5.75 acres of land and offers over 60 luxury lifestyle amenities to its residents. The construction work is progressing in full swing. This luxurious project offers 3, 4, 5 BHK residences & duplexes.
 
The OC for Wings A & B which boasts of 4 & 5 bedroom expansive residences, as per RERA is in December 2023.
 
On the other hand, Wing C which offers premium 3 and 4 bedroom residences with seamless layouts that can be merged with the adjoining units to make a single apartment of over 4,500 sq. ft. It offers breathtaking views of the west side of the city, east side and 2.52 acres of lush green podium views as well.
 
Projected to be handed over in 2023-24, Rustomjee Crown is emerging to be one of the most sought-after projects in Prabhadevi