Wednesday, 8 January 2014

Tata Gateway Towers - Luxury residential project in Mulund, Mumbai by Tata Housing Development.

Tata Gateway Towers - Luxury residential project in Mulund, Mumbai by Tata Housing Development.

Tata Group real estate arm Tata Housing Development today launched a luxury residential project in the northeastern suburb of Mulund.

The project, named Gateway Towers, is spread across 8.5 acres and is a part of the 19-acre redevelopment project.

Company has invested around Rs 2,000 crore for the entire redevelopment project across 19 acres, out of which the saleable component would be around 8.5 acres, where it will be developing six luxury residential towers. The towers are designed by Callison. The construction is expected to be completed in four years.

The company, which has not revealed the number of units as well as the per-unit cost, will develop six residential towers, ranging from 31 stories to 41 stories.

This project is in line with company's strategy of creating marquee projects in major metros.

Mulund has witnessed an increasing demand for luxury housing from consumers and investors because of proximity to south Mumbai and fast growing Thane areas.