HOME > BUSINESS > Tata Housing, Neptune launch luxury residential project Eleve in Mumbai

Tata Housing, Neptune launch luxury residential project Eleve in Mumbai

tataTata Housing has launched a premium new housing project called Eleve in Mumbai.

The project, which will offer 2BHK, 2.5BHK and 3BHK units starting at Rs. 1.4 crore, is being built in collaboration with the city-based realtor Neptune group and is spread across 22 acres of land.

Located in Bhandup, ‘Eleve’ will have access to the Eastern Freeway, Tata Housing said.

“Eleve, located in the heart of the region, will not only deliver the quality and living standards associated with all Tata Housing projects, but promises to be a lucrative housing choice that offers great connectivity, beauty and comfort to its residents,” said Brotin Banerjee, MD & CEO, Tata Housing.

The launch indicates that real estate companies are starting to launch more and more projects, especially in the higher end. Runwal Greens, another mega Luxury project, is also coming up nearby.

Last week, Shapoorji Pallonji launched a luxury project in Bangalore.

The real estate industry is hoping that recent interest rate cuts will translate to higher demand for housing loans and therefore, apartments.

“This project is poised to benefit immensely from the vast experience of Tata Housing in creating landmarks developments across the country and Neptune’s strong brand presence locally in Bhandup,” said Nayan Bheda, CMD, Neptune Group.

‘Eleve’ will offer residents “more than the conventional residential complex.”

The development will have an infinity pool, kids pool, state-of-the-art outdoor gymnasium, children’s play area, yoga pavillion, acupressure walk, party lawns, butterfly gardens, skating rink and terrace garden along with other amenities to ensure luxurious living.

Follow ULTRA.news
Tata Tele acquisition good for Bharti Airtel – Fitch Bharti Airtel Limited's (BBB-/Stable) announcement that it plans to acquire the consumer mobile operations of Tata Teleservices and Tata Teleservices (Maharashtra) Ltd (Tata Telecom business) is positive for the deal participants as well as the industry, Fitch Ratings said.B...
Nila Infrastructures to construct 3,152 flats for Rajasthan government Nila Infrastructures Limited said it got a contract worth Rs 107.3 cr from Jodhpur Development Authority to create 3,152 flats in Barli.The Company will also get 7.5 acres free of cost that can be sold or developed.The township, to be completed in four years, comprise 2...
Indiabulls Real Estate on the mend post demonetization hit – Fitch Fitch Ratings affirmed property developer Indiabulls Real Estate Limited's Long-Term Foreign-Currency Issuer Default Rating at 'B+' with a 'stable' outlook, noting that conditions for the real estate developer are improving."The Stable Outlook reflects the recovery in IBREL'...
Piramal Enterprises invests Rs 280 cr in Thane real estate project by Puranik Piramal Enterprises Limited said it will invest Rs 280 crore in Puranik Builders' “Puranik City Reserva” project in Thane. The investment, routed through Piramel Finance, will be modeled on the ‘financial partnership’ model, it said.Puranik City Reserva is a theme-based ...
Godrej Properties starts 4.5 mln square foot project in Pune Godrej Properties Ltd, one of the few real estate players still actively launching new projects, announced the beginning of a new project in Pune.It said it will develop a residential project on approximately 59 acres in Mamurdi, West Pune, within the municipal corporation l...
Godrej Properties ties up with Manyata for Bangalore real estate project Mumbai-based Godrej Properties Limited said it will co-develop a residential project in Sarjapur in Bangalore in association with Manyata, a local developer.It signed a Development Management Agreement with Manyata Developers Private Limited to develop a group housing projec...
Piramal Enterprises enters the retail housing finance business Piramal Finance Limited (PFL) has entered the retail housing finance business.It is part of $1.3 bln Piramal Enterprises, one of India’s large diversified companies, with presence in pharmaceuticals, and financial services.The housing finance venture has been floated thro...
Motilal Oswal raises Rs 1,030 cr for investing in real estate Motilal Oswal Real Estate (MORE), the real estate arm of Motilal Oswal Private Equity said it raised Rs 1,030 cr under its India Realty Excellence Fund III.The strong inflow suggests continued investor appetite for investments into companies dealing in this sector despite a ...
K Raheja Corp, GIC buys Siemens building in Worli for Rs 610 cr Capital equipment maker Siemens today said it has transferred its lease for its Worli building to a joint venture K. Raheja Corp Group and GIC, Singapore for a consideration of Rs 610 cr.The deal was originally announced in December and is one of the biggest land deals in In...
Govt to give subsidy of Rs 2.5 lakh per flat; free land to builders Central Government will give up to Rs 2.5 lakh as interest subsidy for people who take home loans to purchase their house under the Pradhan Manthri Awas Yojana, said Minister of Housing & Urban Affairs Hardeep Singh Puri.He also revealed plans to hand over government land t...
Godrej Properties, Nirmal to co-develop huge project in Thane West Mumbai-based real estate company Godrej Properties said it has signed a joint venture agreement with Nirmal Ventures, also based in Mumbai, for developing a residential project in Thane.The project, located on the Lal Bahadur Shastri (LBS) Marg, Thane West, will be developed...
Mumbai-based developer Capacite to raise Rs 400 cr in IPO Mumbai-based real estate developer Capacit'e Infraprojects has priced its initial public offer at Rs 245-250 per share.The company said it will open its Rs 400 cr IPO on Wednesday, Sep 13 and close it on Sep 15.Up to 50% of the issue will be allocated to institutional inv...
Tata Power renewable generation up four times last year Tata Power said it generated more four times as much power from renewable sources like solar and wind in the financial year ended March, compared to the year before.This was achieved partly due to an acquisition.During the year, its renewable arm Tata Power Renewable En...
Godrej Properties announces new projects in Bangalore, Gurgaon Real Estate developer Godrej Properties said it kicked off two new projects -- both residential apartments -- in Gurgaon and Bangalore.The Gurgaon project is is of 98,000 square meters or 1.05 million sq. ft., while the Bangalore project will add 58,000 square meters of salea...
IT woes to bring down real estate rentals in Bangalore, IT hubs With IT sector witnessing subdued sentiment amidst pressure on hiring and annual pay rise for employees, the country's software and services hubs such as Bengaluru, Hyderabad, Chennai, Pune and Noida-Gurgaon in NCR are expected to see 10-20 per cent reduction in the housing rents...
Godrej Properties enters Sohna market in NCR Godrej Properties Ltd announced its first project in Sohna in the National Capital region.The project, which involves approximately 157,000 square meters (approximately 1.7 million sq. ft.) of saleable area , will be located in Sector 33."This project will offer and will...
Demonetization hits real estate builder prices, but not resale flats – report Demonetization of 500- and 1000-rupee notes hurt the real estate sector in North India, while its impact on the sector in South India was negligible, according to Magicbricks’ PropIndex for Jan-March 2017.The report, brought out by the eponymous real estate classifieds site, ...
Airports Authority identifies eight airports for real estate development The Goa Airport operated by AAIAirports Authority of India said it has identified eight airports where it intends to carry out commercial real estate development once the government relaxes the relevant rule.The airports are Lucknow, Kolkata, Amritsar, Varanasi, Bhubanes...
Pune, Western Maharashtra emerge as air pollution hotspots in India Air pollution, particularly levels of Nitrogen Dioxide and Sulfur Dioxide, rose sharply in towns and cities in Western Maharashtra in 2016, according to data from the National Air Quality Monitoring Programme of India.Though 2016 saw a worsening of air quality across the coun...
What Demonetization? Godrej Properties sells 300 flats in Pune in 2 months Godrej Properties said it has sold over 300 out of the 400 apartments put up for sale at its Godrej Greens project in Pune.The sale comes in the backdrop of a slow real estate market complicated by a recent crackdown on 'black money' or tax evasion. The crack down was widely...