Lodha Group plans its residential project in Worli
Real Estate

Lodha Group plans its residential project in Worli

When home sales in Mumbai are sluggish, real estate developer Lodha Group is planning to sell its upcoming premium residential project in Worli on a first-come, first-served’ basis.

Lodha will start distributing applications alongwith a prospectus on the project from January 7, and prospective buyers need to fill up the form and return to the company by the third week of January.

The project will have two, three and four-bedroom apartments and the prices are expected to be revealed on January 16.

Consultants expect the company to keep the pricing of a two-bedroom apartment at around Rs 3.5 crore and keep the unit sizes to be less than 1,000 sq ft for a two-bedroom apartment. Prices in the area hover around Rs 30,000 a sq ft.

At five minutes’ drive, in the Lower Parel area, Lodha was quoting a price of Rs 8.5 crore for a 3,000 sq ft basic apartment in World Crest. In the main tower, World One, apartment prices start with Rs 9.5 crore.

When home sales in Mumbai are sluggish, real estate developer Lodha Group is planning to sell its upcoming premium residential project in Worli on a first-come, first-served’ basis. Lodha will start distributing applications alongwith a prospectus on the project from January 7, and prospective buyers need to fill up the form and return to the company by the third week of January. The project will have two, three and four-bedroom apartments and the prices are expected to be revealed on January 16. Consultants expect the company to keep the pricing of a two-bedroom apartment at around Rs 3.5 crore and keep the unit sizes to be less than 1,000 sq ft for a two-bedroom apartment. Prices in the area hover around Rs 30,000 a sq ft. At five minutes’ drive, in the Lower Parel area, Lodha was quoting a price of Rs 8.5 crore for a 3,000 sq ft basic apartment in World Crest. In the main tower, World One, apartment prices start with Rs 9.5 crore.

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