Page 26 - Construction_Opportunities_June_2024

CONSTRUCTION TICKER TAPE across 10 acres of land and are nestled among 1,600 acres of

lush green scenery. It also features one of the largest multilayered
clubhouses in the region and an impressive array of over 70
resort-style amenities spread across 6 acres, offering breathtaking
views of the Ulhas River from every home. Exclusive amenities
include a putting golf area, a sunrise gazebo, a swimming pool,
multi-purpose courts, a dance arena, and a sand beach, along
with about 1 lac sq. ft. of vehicle-free podium area, ensuring a
lifestyle of luxury and leisure.
Commenting on the new tower launch, Sandeep Runwal,
Managing Director of Runwal, stated, “We’re thrilled to present
Runwal’s latest tower – Tower Breeze at
Runwal Lands End. The new tower launch is
to cater the exceptional living experiences
RUNWAL UNVEILS ITS MOST PRESTIGIOUS TOWER- BREEZE of our buyers. The new tower exemplifies
AT ITS LANDMARK PROJECT – RUNWAL LANDS END, our commitment to crafting extraordinary
KOLSHET, THANE living spaces that blend luxury, comfort,
Runwal, one of the prominent real estate developers in Mumbai, and innovation. With its contemporary
has unveiled its finest tower – Breeze, part of their marquee design, top-notch amenities, and
project – Runwal Lands End, Kolshet’s finest gated community in convenient location, Runwal Lands End sets a new benchmark
the Thane region. The tower, Breeze, offers 500+ units in 1-2 BHK for luxury living.”
configurations, available for buyers at `62 Lacs – `1.10 Cr. The With extensive infrastructure development and multi-modal
Tower has already received a phenomenal response from the connectivity, Kolshet, Thane emerges as a lucrative location
past couple of weeks. for developers. The serenity and high AQI of the region add
With a tower designed to provide space and privacy, the entire to the environment-friendly living experience. Additionally,
development boasts more than 70% open area. This new tower socio-economic development with a plethora of educational
offers Vaastu-compliant homes, each providing a breathtaking institutions and leisure options, such as various shopping
panoramic view of the expansive green landscape and an and dining experiences in the vicinity, has been another key
overview of the Ulhas River. The spectacular view reflects a sense contributor to the overall demand in the region.
of calm and tranquillity. Key infrastructure developments in Kolshet include the proposed
The development is designed to align with the vision of creating Kolshet-South Mumbai-Vasai Waterway, Mumbai Metro Lines 4
a harmonious convergence of land, water, and sky, optimizing and 5, the Borivali-Thane Tunnel, and Thane Road, which will
the natural beauty of the region. This also resonates with Runwal’s improve connectivity. Proposed projects like the link road to
vision of creating new and elevated urban living spaces that Bhiwandi Naka and an underground railway to CSMT will further
cater to the evolving new-age buyers. enhance accessibility. These advancements signify Kolshet’s
Runwal Lands End is designed for those who seek serene and socioeconomic growth and its evolution into a thriving urban
comfortable living. The development has seven towers, spread centre.

DHARAVI REDEVELOPMENT PROJECT SEEKS 15 ACRES OF Land Development Authority (RLDA) transferred 27.57 acres,
BKC LAND ON 5-YEAR LEASE FROM MMRDA including a scrapyard near Mahim station, to DRPPL. This land is
Dharavi Redevelopment Project Pvt. Ltd. (DRPPL), a special purpose crucial for the redevelopment project, which spans 600 acres and
vehicle formed by the state government and the Adani group, houses nearly 12 lakh residents. The redevelopment plans include
has requested a five-year lease for 15 acres of land in Bandra constructing around 1-1.5 lakh tenements of 350 square feet each
Kurla Complex (BKC) from the Mumbai Metropolitan Region for eligible residents.
Development Authority (MMRDA). Additionally, DRPPL has requested 12 acres of land from the
In November 2022, the Adani group secured the bid to redevelop Brihanmumbai Electric Supply and Transport (BEST) undertaking.
Dharavi with an initial investment of `5,069 crore. According to This includes two prominent bus depots in Sion East — Dharavi and
sources, DRPPL plans to use the BKC land, previously a Metro works Kalakilla. These depots, built in 1980 and January 2016 respectively,
casting yard, to store heavy machinery essential for Dharavi’s have a total parking capacity for about 300 buses. The 12-acre
redevelopment. area also includes offices for the BEST transport and power supply
An MMRDA official stated, “In a letter dated June 11, Dharavi divisions, staff housing for 60 personnel, and amenities for drivers
Rehabilitation Project’s (DRP) deputy collector requested this land and conductors.
at commercial rates, agreeing to abide by MMRDA’s terms and In February 2024, the Maharashtra cabinet approved a proposal
conditions if the land is allocated.” MMRDA is currently deliberating to ask the Centre to hand over 283.4 acres of salt pan land at the
on this request. current market value to the state for the Dharavi Redevelopment
DRPPL is actively seeking land outside the Dharavi slum area to Project on a 99-year lease. This is an exception to the usual 30-year
support this extensive project. On March 13, 2024, the Railway government land lease policy.

26 CONSTRUCTION OPPORTUNITIES|JUNE 2024