Shapoorji Pallonji Real Estate partners with Lokhandwala to develop luxury project in Mumbai

Mumbai News

Real Estate arm of realty giant Shapoorji Pallonji has recently announced its partnership with Lokhandwala Infrastructures, to develop a premium luxury project Minerva in South Mumbai. The residential project, located at Mahalaxmi locality will now be jointly developed by the two companies.

As per the partnership agreement signed between the two companies, Shapoorji Pallonji Real Estate (SPREL) will look after and market the premium housing project.

Moreover, this type of partnership agreement is new to the real estate sector which got wings in the last 2- 3 years. Under this model, bigger real estate players steps in as development managers for the smaller companies so as to complete their project and then share revenue and profit in return. Such type of agreement helps in completing stuck residential project thereby helping homebuyers to attain possession of their homes.

About Minerva

Situated in the plush locality of South Mumbai, Minerva is the first residential tower or skyscraper to go above 1000 ft. With 90 floors, in future, it will also be known as the grown of Mumbai City. The project is a masterpiece in itself with uniquely-designed architecture, overseeing Mahalaxmi Racecourse and the Arabian Sea. The building has been designed by some of the leading globally-known architectures and designers.

Minerva will be offering world-class, spacious and opulent, 3 and 5 BHK residential apartments, and 4.5BHK, 6BHK duplexes. The residential units are comprised of mind-blowing interiors with spacious living rooms, modern amenities, European-themed architecture, high ceilings with the sea view and personalized amenities.

The ultra-luxury project is also host to a plethora of exclusive amenities like Dedicated Relaxation Rooms, Hydrotherapy Pool, spa, Squash Courts, swimming pool, Fully Equipped Gym, Kids Zone, Billiards And Pool Room, Sky Lounge, Theater Room, Full Maintenance Service Available.

Speaking on the partnership, Moiz Lokhandwala, managing director Lokhandwala infrastructures said, “The deal will help our customers as well as home buyers to derive enormous benefits. Shapoorji Pallonji is a credible brand, the credibility that will truly make Minerva, the landmark of Mumbai amongst the luxury home buyer segment.”

On the other hand, SPREL chief executive Venkatesh Gopalakrishnan said that this project will strengthen the company’s development portfolio as well as also help us in offering exquisite benefits to high-end buyers.