Kalpataru Launches Commercial Project, Kalpataru Summit on LBS Marg, Mulund, Mumbai

 

Mumbai, Maharashtra, India:

Kalpataru has launched Kalpataru Summit, a Grade-A commercial project in Mulund (West) in Mumbai. The project offers over 400 compact and mid-size offices, besides retail spaces with a choice of area options ranging between 450 square feet and 1000 square feet.

When complete it will be one of the tallest commercial towers in Mulund West. The project is expected to be ready for possession by June 2026.

Located on the arterial LBS Marg which connects residential neighborhoods from Ghatkopar to Thane, Kalpataru Summit offers easy access, shorter commute time and the opportunity to work near home.

The project is designed by architect Kiran Kapadia and P Landscape Architects. It comprises full glass facade tower, double height air-conditioned main lobby, 3-tier security with Radio-Frequency Identification (RFID) system and boom barriers at the checkpoints and 9 levels of car parking. Kalpataru Summit is also registered with the Indian Green Building Council for new building rating which encompasses parameters such as Sustainable Architecture and Design, Site Selection and Planning, Water Conservation, Energy Efficiency, Sustainable Building materials and resources, Indoor Environmental quality and Innovation and Development.

The project’s luxury office spaces with amenities and facilities will enable entrepreneurs and business owners move up the aspirational value chain.

Mulund (West) is transforming at an unprecedented pace. Improvement in infrastructure and connectivity with upcoming office spaces for IT, manufacturing and commercial sectors are factors driving the area’s growth. Mulund (West) also has a well-established social infrastructure comprising choice of recreational avenues, restaurants, cafes, hospitals and educational institutions.

Kalpataru has developed several properties in the commercial realty space, such as Kalpataru Square which was Asia’s first Platinum LEED Certified building for Core and Shell by US Green Building Council.

Lodha Enables High Quality Homes for Every Indian, Locks Interest Rate at 6.99 Percent

 

Homebuyers can save ~ 1.5% on the existing home loan rates while investing in the world’s finest developments

Mumbai, Maharashtra, India – Lodha, India’s no.1* real estate developer, announces to enable homes at a great interest rate of 6.99% till 2024, providing a benefit of ~1.5% on the existing home loan rates. Through this initiative, Lodha aims at insulating homebuyers, from the subsequent increase in repo rates, and the anticipated increase in home loan interest rates. The financial support provided by this initiative will enable aspiring homebuyers to own their dream abodes and have a better life.

 
Commenting on the initiative, Raunika Malhotra, President – Marketing and Corporate Communications, Lodha said, “We believe that every Indian deserves a high quality home with finest living experience. With this initiative, we strive to make their dream of having a great home possible. The ‘interest locked’ initiative will give stability to the Indian buyer for the next 24 months and cover their home loans upto 1.5%. The last two years saw a dip in rates, with this initiative we aim at ensuring continued lowest rates in about over a decade for the discerning home-buyers. We want to enable a more fulfilled life for Indians despite the dynamic landscape, and build on our promise of building a better life by doing greater good.”
 
“Moreover, as a major contributor to the country’s GDP and wealth-generating asset for citizens, the real estate sector plays a pivotal role in overall economic growth. RBI today increased limits on individual housing loans, which is a testimony to the growing demand of homes and furthers the possibility of investing in high quality homes, being today’s consumer top priority,” added Raunika Malhotra.
 
Emphasizing the proposition of buying a home at the lowest interest rate, Lodha’s new initiative provides an opportunity to not only maximize gains amidst the increasing home prices but also double up the savings for end-users with the ongoing additional 1% off on stamp duty for women homebuyers.
 
Most recently, this initiative of fixing the interest rate until 2024 has been crafted after observing an increasing demand for financial support by homebuyers; thereby empowering them to own a high-quality home now and secure their future.

*By Cumulative Residential Sales for FY 2016-2022

About Lodha
 
Lodha is among the largest real estate developer in India that delivers with scale since 1980s. Core business of Lodha Group is residential real estate development with a focus on affordable and mid-income housing. The Group also has a growing industrial & logistics park business where in a short span of time, it has scaled up and made its mark with JVs already signed with marquee investors. Lodha Group has delivered more than 85 million square feet of real estate and is currently developing ~95 million square feet under its ongoing and planned portfolio. The Group has approximately 4400 acres of land beyond its ongoing and planned portfolio which will be utilized in developing further Residential, Commercial and Industrial & Logistics spaces. Thriving at building the world’s finest developments, Lodha has created several iconic landmarks across the MMR notable among which are The World Towers, LodhaAltamount, Lodha Park, Lodha New Cuffe Parade and Palava City.