Tag Archives: green homes

Welcome the new Gateway to Mumbai

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Tonight, let’s start all over again. Like it’s the first day of our life.

There is something about life that’s so poetic, so idyllic. After all you live only once. Why not make it larger than life? Right?
At Tata Housing Development Company Ltd, we make sure every house is built with dreams and passion and not just bricks and mortar.
Gateway Towers is one such archetype of living life scenically. Touted to be an iconic residential development in Mulund with world-class amenities meeting the standards of Tata Housing Development Company Ltd, the Callison-designed residential towers reflect a permeable building solution which creatively addresses high density housing without the look of traditional massing.

If you dream of flying and seeing the world from a height, then here’s the great news. This project has six residential towers that vary in height ranging from 31 stories to 41 stories, with the highest point at 159 meters. Presenting an inviting stance with the towers’ angle-positioned wings, the development will resemble a grand scale, traditional horseshoe-shaped Asian house with a courtyard opened toward the major highway. Exciting?

gatewat_2No doubt the welcoming landmark has been named Gateway Towers and is designed to signify the gateway to Mumbai for passing commuters. The project will include unit options ranging from 2 to 4 Bedroom condominiums to 4 & 5 BHK duplexes, triplex and penthouses. To break the uniformity of more than 950 dwelling units, the exterior design pattern will integrate prominent green spaces on sky bridges and roof terraces, which also provides more exclusive gathering spaces for tenants. Intriguing building façades will be formed through monumental cut-outs, shaded vertical garden scoop-outs and private garden balconies. Once you step out of the comfort of your house to even the balcony, prepare for views of the central public garden on the parking podium’s deck featuring an enticing community swimming pool, tennis courts and recreational areas.

Amidst the hustle bustle of the city, we tend to miss the greens and the peace of sipping tea under the blue sky amidst nature. But now no more. This property is an 8.5 acre land parcel located in Mulund (East), the queen of central suburbs of Mumbai, close to Mulund toll naka on the Eastern Express Highway. It overlooks Thane Creek to the east; part of the Ulhas River Estuary and a recognized Important Bird Area by the Bombay Natural History Society.
It’s time to break free. It’s time to breathe unfettered.

Real Estate : 2014

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With economy witnessing a downturn, interest rates and inflation reaching all-time highs, 2013 has been one of the most eventful years for Real Estate in India. While introduction of Real estate regulatory bill and land acquisitions bills in the parliament was positive for the real estate industry, end users sitting on the fence expecting a fall in prices lead to a contraction of demand in the past few quarters. This year Mumbai, Kolkatta and other key markets saw less activation from real estate players as delay in approval process impacted project launches.

The market has turned from sellers to buyers in 2013 with attractive offers from various developers across the range of projects. The Indian economy is recovering and real estate sector is expected to stabilize in the next two to three quarters. We would anticipate this sector to grow, albeit at a slightly lower pace, as the demand for housing still appears to exceed supply, and the weakening rupee makes India an attractive real estate investment destination for non-resident Indians. We expect the market to start an upward momentum by end of 2014 and suggest end users and investors to utilize this opportunity to book their dream homes as these offers would vanish once the economy starts showing signs of recovery.

9Stability in property prices during 2013 will give the required confidence to consumers who have been delaying their decision to book their dream homes in 2014. We believe that affordable and low-housing segment is likely to see the highest growth but other segments will also grow as people aspire for better homes, better quality of life and hence invest more in buying their own homes. On the other hand, the demand for luxury housing in India will continue to growing due to influx of global lifestyle trends along with changing lifestyle and aspirations seen amongst young India. The demand for luxury homes has been increasing from cities such as Bangalore, Delhi, Chennai, Kolkata, Mumbai and others.

The key reasons responsible for the growth seen in the real estate industry in India include liberalization of Government policies. Furthermore, FDI in multi brand retail will also give a push to the growth in the real estate sector. It will trigger the opportunities for retailers thus leading to an increase in demand for real estate. Ancillary and service industries such as IT/ITes, manufacturing industries which are being set up in tier 2 and tier 3 cities also play an important role for rise in property demand.

10As the recession market, we need to concentrate on execution as that would help in building the credibility and that’s the opportunity the branded players can built up. Going forward the key to real estate growth would be to get infrastructure status with relevant subsidy for affordable housing, subsidy on technology enhancement so that less dependent on manual labour, curb on raw material cost as that will impact the quality and timeline. Finally the interest rate to be reduced so as to make it attractive enough for buyers