Tridhaatu Aranya, an under-construction premium residential development in Mumbai’s Chembur suburb has witnessed one of the most expensive transactions in Mumbai’s eastern suburbs where IndoStar Capital Finance Chief Executive Officer R. Sridhar’s family has bought three apartments for Rs 27.25 crore. The 32-storied project Aranya is being developed by realty developer Tridhaatu Realty at Chembur’s Farm Road. Along with Sridhar, his wife and son have purchased these apartments on the 24th and 25th floors. These apartments have 14 bedrooms in total and a usable carpet area of 7,500 sq ft with 8 covered car parking slots. Sridhar and his family have paid stamp duty worth Rs 1.35 crore for these deals, which were registered this month.
Commenting on the deal, Mr. Dhananjay Sandu, Managing Director, Tridhaatu Realty said, “We are receiving a stupendous response for our project Aranya at Chembur from C-Suite buyers. Chembur perfectly fits the bill with its central location has already arisen as the new city Centre and Aranya will make it the ideal location for A-list living. The project is a perfect combination of contemporary architecture and features to provide comfortable living amidst Mother Nature.”
The deal has created a stir in the broker community as most of such transactions are usually known to be executed in either south central part of the city or western suburbs like Bandra-Khar and Andheri belt.
Aranya, which means ‘forest’, is the perfect connotation for this project and was named with respect to the lush patch of green, verdant with fully grown trees and bird life, which existed in the same space. The Aranya tower with hill view homes will be a seemingly mystical structure that rises from the earth, endeavouring to touch the sky thereby promising lifetime views of the hills. Designed by world-renowned Ar. James Law, the tower will be having a dodecagon-shaped structure inspired by bamboo. To maintain the ecological balance of the site, the tower was envisioned to co-exist with the trees, the birds and the butterflies. An iconic project in collaboration with nature, Aranya will be the tallest tower in Chembur, housing palatial 3 / 4 / 5 BHK residences with 2 apartments per floor offering awe-inspiring 180 degree views. Nestled in the greenest pocket of Chembur, Aranya will be having the finest handpicked gentry and just the right number of limited residences. Being eco-friendly, you get to live around the trees, birds and butterflies, and have sprawling sundecks with panoramic views.
In the immediate future, Tridhaatu will be launching phase 2 of the project.
Premium and luxury property segment in Mumbai, the country’s most expensive real estate market, has been witnessing buoyancy for the last few quarters as corporate honchos, CXOs, Bollywood stars and high net-worth individuals continued to buy properties in the last one year due to the conducive Government policies.