Satra Group Announces Investment of Rs. 1000 Cr in Mumbai
Satra Group has just announced to invest Rs. 1000 Cr in Mumbai to develop real estate projects over the 5 years to come. It is reported that the company is expecting the revenue of whopping Rs. 2500 Cr over the next 4 to 6 years. According to Managing Director and Chairman, Satra Group, Mr. Praful Satra, the investment plan will include the development of over 1000 residential units spanning over 4 million sq. ft. of commercial and residential segment. With the ever growing demand for luxurious housing in Western and Southern Mumbai, the developer has introduced its ultra-modern residential project, named “Limited Edition 88” by investing around Rs. 250 Cr near Bandra-Worli Sea Link. The complex is designed to serve 81 families after completion.
The project is well located in the heart of Bandra, a Mumbai suburb. Limited Edition 88 is the 26 storied marvelous complex which has the 4 BHK apartments spanning over 4116 sq. ft to 4364 sq. ft. The complex has the potential to make around Rs. 550 Cr of revenue over 2 to 3 years to come on consolidation basis. The project overlooks the beautiful views of the Arabian Sea and provides several lifestyle amenities, such as gymnasium, modern clubhouse, swimming pool, Jacuzzi, and landscaped jogging track and several modern security amenities, such as central monitoring system and biometric access.
Limited Edition 88 is truly modern in scale and style and it has world-class interiors in all apartments which are designed by the world-renowned HBA Architect from Singapore. The sample flats are designed and conceptualized by none other than Mrs. Gauri Khan. The project is being developed in association with M/s Pyramid Developers. Mr. Satra added on the occasion that they are really delighted to develop a new project in Bandra. It will be their pleasure to deliver Limited Edition 88 as the ultimate combo of quality and affordability.
They are well versed on their strategy to thrive and grow and looking forward to add more future opportunities with their well-planned luxurious projects offering affordable flats in the prime locations of the city. They are expecting Rs. 2500 of revenue from these projects.