Tag: Transcon Developers

Business, News

LBS Marg stretch from Kanjurmarg to Mulund is proving to be a top investment destination

Aug 17, 2021 by Rekha Nair 0 Comments #Cherag Ramakrishnan - Managing Director, #CR Realty & Infrastructure Pvt Ltd CR Realty, #Director, #Mr. Saurrabh Runwal - Associate Director, #Ms. Shraddha Kedia-Agarwal, #Runwal Group, #Transcon Developers

In 2006, buoyant on-demand to convert defunct industrial properties for commercial and residential development, Lal Bahadur Shastri Marg or LBS Marg, on the eastern fringes of Mumbai, witnessed a sudden increase in real estate expansion.

Notwithstanding, the LBS Marg conversion from an industrial zone to a mixed-use district had started six years before the property boom in this belt. The stretch is a 21 km long, major arterial road that connects Sion in Mumbai with the neighbouring Thane. It passes through thickly populated areas of the eastern suburbs where lakhs of vehicles ply daily. The authorities are tackling this congestion through the LBS Road widening project.

Commenting on the transformation of this stretch, Mr. Cherag Ramakrishnan, Managing Director,

Cherag Ramakrishnan - Managing Director, CR Realty & Infrastructure Pvt Ltd
Cherag Ramakrishnan – Managing Director, CR Realty & Infrastructure Pvt Ltd

CR Realty said, “Earlier an industrial hub, the LBS Marg stretch from Kanjurmarg to Mulund has completely transformed into a most coveted residential destination. The employment catchment areas of Powai, Vikhroli, Airoli, and Thane are also in close proximity to this location. With the upcoming Metro 4, the location is undergoing a residential, commercial, and infrastructural metamorphosis that has spurred the interest of end-users and investors alike.”

LBS Marg has several malls, apartment complexes and corporate offices along the way. Some of Mumbai’s most prominent malls including Phoenix Market City at Kurla, the largest shopping mall in India, occupy this route. Bhandup has Asia’s biggest water filtration plant and was also one of the first railway stations in India whereas Kanjurmarg railway station gives access to IIT Bombay, Hiranandani Gardens and Powai. Offices of several IT firms, corporates, and some notable residential complexes as well are located here. The Kanjurmarg, Bhandup, Mulund corridor covering the entire stretch of LBS Road has been positively impacted due to the development. It comprises an upwardly mobile, educated, middle-income group engaged in business and white-collared jobs.

Speaking about the development in the region, Mr. Saurrabh Runwal – Associate Director, Runwal Group said, “Due to the upcoming infrastructure projects like the Metro and GMLR, the real estate market on the LBS Road is witnessing a significant transformation making it a landmark address. The location is well-affiliated with the rest of the city via Eastern Express Highway, suburban railway stations apart from having close proximity to workplaces, schools, and colleges. The region experiences seamless connectivity which will make your daily commute hassle-free and convenient. Specifically, in Mulund, the real estate projects are also naturally gifted with the breathtaking views of the Yogi Hills which elevates the contemporary lifestyle making it a truly blissful living.”

Located along LBS Marg is the flourishing area of Mulund, the only planned suburb of Mumbai. Nestled in the foothills of the Sanjay Gandhi National Park, it accords easy access to the Eastern Express Highway and Navi Mumbai through the Mulund-Airoli Bridge. The other major road development is the Mulund-Goregaon Link Road that will connect Film City in Goregaon to the Eastern Express Highway in Mulund. It will reduce the traffic on the JVLR considerably.

Shraddha Kedia-Agarwal, Director, Transcon Developers
Shraddha Kedia-Agarwal, Director, Transcon Developers

Commenting on the advantage of this suburb, Ms. Shraddha Kedia-Agarwal, Director, Transcon Developers said, “This suburban area is known for its seamless connectivity and the ever transforming infrastructure. Today, it is connected to every city corner, reducing travel time through most modern infrastructure projects in Mumbai. Further, the Metro and GMLR will ease and enhance the connectivity to almost all parts of the city. The location especially towards the Mulund end provides panoramic vistas of the hills with enchanting green surroundings as it is located on the foothills of one of the largest urban reserve forests in the world. Also, housing the city’s finest healthcare and educational institutions, the suburb has become one of the most preferred locations for residential, commercial and recreational spaces.”

According to JLL India, new launches in the Mumbai residential market increased by 33 percent to 6,143 units in the second quarter of 2021 from 4,616 units in the first quarter. The eastern suburbs accounted for 25 percent of the new projects, followed by the western suburbs with 22 percent.

Considering the overall real estate trends in Mumbai and factoring in affordability, infrastructure and connectivity, the LBS Marg corridor offers good returns on investment and is likely to see rapid growth in real estate development in the future.

Business World

Metro connectivity, the biggest X-factor for Andheri’s realty growth

Apr 25, 2021 by Neel Achary 0 Comments #Director, #Mr. Anuj Khetan, #Ms. Shraddha Kedia-Agarwal, #Transcon Developers, #Vijay Khetan Group

Andheri is one of the largest areas of Mumbai that possesses many gated communities, luxury apartments and commercial spaces. The location offers excellent connectivity, good social infrastructure and a walk to work culture which is the main reason for its rapid growth. Thus, there is no denying that Andheri is certainly one of the best places to live in Mumbai. Speaking about the Andheri realty market, it is always classified into two parts – Andheri West and Andheri East. While Andheri West is one of the opulent and the oldest residential areas of the city, comparatively Andheri East has transmuted into a major commercial destination and is the densest micro-market in Mumbai.

Andheri_metro_station

Andheri West is a highly sought-after residential destination due to its bustling and luxurious lifestyle. The suburb is well-connected with major landmarks of Mumbai and houses some of the biggest entertainment companies in the country. Home to a number of reputed educational institutes, retail & entertainment destinations, healthcare facilities, fine restaurants and more, the suburb makes for an upscale residential area which has clearly defined it as one of the best neighbourhoods to invest in.

Shraddha Kedia-Agarwal, Head - Marketing & Sales, Transcon Developers
Shraddha Kedia-Agarwal, Head – Marketing & Sales, Transcon Developers

Commenting on the glam quotient of the area, Ms. Shraddha Kedia-Agarwal, Director, Transcon Developers said, “Locations such as Lokhandwala & Link Road at Andheri West are the most vibrant parts of the western suburbs, known for their upbeat and happening lifestyle with a plethora of clubs, food joints, movie theatres and production houses buzzing all the time. Everything from business hubs, domestic and international airports, Western Express Highway to hubs of entertainment like malls, multiplexes, retail showrooms and realms of wellness like hospitals and gyms to spheres of education like schools and institutions are in close proximity. With famous production studios and some of the best nightlife attractions only a few steps away, not only is this a place that never sleeps but also has a ton of bling value.”

Andheri East on the other hand is the most well-connected suburb in the Mumbai Metropolitan Region (MMR) due to the presence of Western Express Highway and the Mumbai Metro. Also, due to its proximity to both international and domestic airports, it offers a number of high-end hotels for tourists and business travellers. The locality has benefited immensely due to its proximity to prominent commercial hubs such as Bandra-Kurla Complex (BKC) and Lower Parel, and key eastern suburbs including Powai, Kanjurmarg, Vikhroli, Ghatkopar and Kurla. Also, well known as a prime industrial destination due to the presence of MIDC and SEEPZ, it has been accommodating new age office spaces and IT Parks in addition to conventional office buildings. It has emerged as an appropriate choice for middle class buyers and investors looking for stable rental returns.

Anuj Khetan - Director, Vijay Khetan Group
Anuj Khetan – Director, Vijay Khetan Group

Commenting on the location advantage, Mr. Anuj Khetan, Director, Vijay Khetan Group said, “One of the most strategic locations to stay in Mumbai, Andheri East offers tremendous opportunities for home buyers and investors looking for an upside on their investment. It is a privilege to own a home at a location that has the maximum number of 5-star hotels, the international airport, the only functional metro of Mumbai and is a stone throw away from the western express highway. Corporates are choosing to set up a base in Andheri East on account of the infrastructural developments and availability of mid-segment and luxury properties. It is one of the most cosmopolitan suburbs which is witnessing traction from the middle class as well as upper-middle-class buyers and tenants. Homebuyers are therefore attracted by the wide range of options at competitive prices as compared to the overpriced western counterpart of the locality.”

The Metro line running through the heart of the Andheri between Versova and Ghatkopar has played a significant role in recent years, leading to an increase in demand for space at nearby locations. Further, the Metro 2A, Metro 7 and Metro 3 routes will put Andheri on a realty growth track. Taking into consideration the planned infrastructure initiatives like the enhanced metro connectivity and the increasing demand for office properties, one can expect considerable growth in the area’s real estate market in the near future.

Business World

Transcon Ramdev Plaza – Success ka naya address

Mar 24, 2021 by Neel Achary 0 Comments #Transcon Developers, #Transcon Ramdev Plaza

With 36 years of expertise in residential realty and backing of great reputation and presence, Transcon Developers are now entering the commercial realty space with a state-of-the art project.  Ability and opportunity together make up for success and this is what Transcon Group aspires to provide with its latest commercial complex offering- the Transcon Ramdev Plaza, Santacruz (West), ‘Success ka Naya Address’. This commercial complex encompasses the four vital ‘E’s for prosperity- Earn, Explore, Ensure and Experience, ideal for people desiring to make a mark of their own.

Present at an enviable central location, this complex helps you connect with more customers, making it a smart investment opportunity, while ensuring value for money. There is no stone left unturned in the making of this project- quality and appearance wise.

Spread across 2 acres, this IT & ITES Park is a one -of-its-kind commercial landmark with well-planned spaces, best in-class amenities including branded elevators, power back-up for common areas, fire-fighting system, high-tech security and CCTV surveillance. This RCC commercial complex structure is monitored by a professional building management and sports a designer façade. The project includes a total of two basements, lower ground, ground and three floors. Ranging across multiple configurations from 50 sq ft to 700 sq ft, this project is built to suit every kind of business including small commercial outfits, IT & ITES companies and auxiliary industries. The project offers cutting edge amenities for people convenience.

The last one year of pandemic has put the spotlight on the IT & ITES companies with them becoming the backbone of even mundane activities, while we were in a lockdown. Transcon Ramdev Plaza has been conceived with IT & ITES companies as focal point, which are increasingly growing and scouting for places to operate from.  The commercial complex addresses the present-day requirements of these companies, thus becoming hugely popular in this segment.

“Investing in this complex will further allow you to experience the pride of owning commercial spaces offering state-of-the-art wide spaces. Appealed by the solid foundation of this project, an array of small and medium enterprise setups have already booked their shop space here,” says Mr. Aditya Kedia, Managing Director, Transcon Developers.

Strategically located at Santacruz (West), one of the poshest areas of Mumbai, the Transcon Ramdev Plaza enjoys excellent connectivity to all parts of Mumbai by road and railways. There is lot of infrastructural developments happening here including the upcoming line 3 Aqua Colaba – Bandra and SEEPZ metro coming up, with a metro station at Santacruz.  The Santacruz – Chembur link road and the Chunnabhatti – BKC flyover has considerably lessened bottlenecks one used to experience and thus the commute time. The western expressway is only 0.5 Km away from the project, thus ensuring easy people movement.  Santacruz railways station is 0.5 Km away and vile parle railway station 1.5 Km. Additionally, the metro stations including the Andheri metro station, J.B. Nagar, Airport Road metro station etc. are all 3 Kms away.  Also, the project is in close proximity to the Chhatrapati Shivaji Maharaj International Airport. There is a mix of residential and commercial real estate in the vicinity, helping businesses flourish here. Prominent commercial landmarks like the Bandra Kurla Complex (BKC) is 6 Kms away and SEEPZ is 10 Kms away from the project. The commercial complex is also close to affluent neighbouring locations including Bandra, Khar, Vile parle, Juhu and Andheri.

So, walk in at Transcon Ramdev Plaza with a vision and we will help you outline the path for success -hence, your new address of success.

Transcon Ramdev Plaza, project is registered under RERA NO.: P51800010457 and is available on website – www.transconplaza.in under registered projects. Please note that sale/lease of premises in the above referred project shall be governed by the terms and conditions of Agreement for Sale/Lease. T&C Apply

About Transcon Developers: Transcon Developers is a forward-looking Real Estate Group, one that believes in enriching tomorrow by delivering world-class offerings today. The company distinguishes itself as a group that envisions and develops premium eco-homes and commercial spaces across Mumbai and Thane. Since its inception in the year 1985, Transcon Developers have been a revolution that endures to transform the way real estate is thought of. Transcon Developers has so far delivered area over 6 million sq. ft. under residential and commercial spaces; around 12.5 million sq. ft. area under construction across western and central suburbs, holding a land bank of over 1,000 acres in and around Mumbai. Transcon’s superior designs, outstanding implementation and distinguished marketing combined with robust on-ground sales have worked well to generate the best value for clients.