Mumbai-based Sri Lotus Developers and Realty Limited has announced that it has been appointed as the developer for an ultra-luxury redevelopment project in Bandra West, near the iconic Bandstand Promenade.
Project Highlights
The company stated that the project is designed to redefine premium living in one of Mumbai’s most sought-after neighbourhoods.
- Focus: Ultra-luxury living spaces.
- Features: World-class design, unmatched amenities, and an exclusive address.
- Details: Additional information about the project will be disclosed in due course.
Company Strategy
Sri Lotus Developers has built a strong presence in western Mumbai’s redevelopment market, with a focus on ultra-luxury and luxury housing.
- Currently working on 13 ongoing or upcoming projects across the western suburbs, with a total saleable area of 16.9 lakh sq. ft.
- Strategy includes land aggregation through joint development agreements (JDA) and MD models, enabling faster project execution.
- IPO funds will be used to accelerate the pipeline of projects over the next 24 months.
Expansion Plans
Beyond Bandra West, the company plans to expand into other premium micro-markets such as Nepean Sea Road and Prabhadevi.
- Project mix: 54% redevelopment, 46% greenfield.
- Strong focus on high-value luxury redevelopment in Mumbai’s prime neighbourhoods.
Summary
- Sri Lotus Developers appointed for an ultra-luxury redevelopment project in Bandra West, Mumbai, near Bandstand Promenade.
- The project promises world-class design, premium amenities, and exclusivity.
- The developer has 13 projects underway, covering 16.9 lakh sq. ft. saleable area in western suburbs.
- Plans expansion into Nepean Sea Road and Prabhadevi, with over half of its portfolio in redevelopment projects.
- IPO funds will drive growth and accelerate the luxury redevelopment pipeline over the next two years.
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