Tag: Tridhaatu Realty

Business

Tridhaatu Realty unveils Green Initiatives at Tridhaatu Morya on World Environment Day

Jun 6, 2024 by Sujata Muguda 0 Comments #Celebrating World Environment Day, #Morya, #Mumbai, #Organic Waste Converter, #Real Estate Industry, #Tridhaatu, #Tridhaatu Morya on World Environment Day, #Tridhaatu Realty, #TridhaatuMr. Govind Krishnan Muthukumar

Mumbai, 6th June 2024: Celebrating World Environment Day, Tridhaatu Realty is proud to unveil that their project, Tridhaatu Morya at Chembur is designed with a robust commitment to environmental sustainability and energy efficiency. This initiative underscores Tridhaatu Realty’s dedication to creating eco-friendly living spaces that contribute to a healthier planet.

Tridhaatu Morya - Chembur

“We are excited to present Tridhaatu Morya as a benchmark for sustainable living in Mumbai,” said Mr. Govind Krishnan Muthukumar, Co-founder & Director, Tridhaatu Realty. “Our commitment to minimizing environmental impact and maximizing energy efficiency reflects our dedication to the well-being of our residents and the planet. On this World Environment Day, we reaffirm our pledge to continue innovating and integrating green practices in all our future projects,” Mr. Muthukumar added.

Tridhaatu Morya incorporates cutting-edge HVAC systems to significantly reduce energy consumption. The integration of smart technologies, such as programmable thermostats ensures optimal energy usage, providing residents with both comfort and efficiency. The project prominently features renewable energy sources, including solar panels, which contribute to a sustainable energy mix and reduce reliance on non-renewable energy. This commitment to renewable energy not only lowers the carbon footprint of Tridhaatu Morya but also promotes a greener lifestyle for its residents.

Understanding the importance of water conservation, Tridhaatu Morya is equipped with water-saving fixtures, such as low-flow toilets, faucets, and showerheads. Additionally, the implementation of rainwater harvesting systems and greywater recycling further minimizes water usage, making it a model for sustainable water management. The project prioritizes the use of eco-friendly building materials with low embodied energy, including recycled, reclaimed, or sustainably sourced wood, bamboo, and cork. By minimizing construction waste through proper recycling and reuse of materials, and designing for future renovations or demolitions, Tridhaatu Morya promotes a circular economy.

Tridhaatu Realty has carefully selected sites with minimal environmental impact, preserving natural habitats and enhancing biodiversity through landscaping with native plants that require less water and maintenance. This approach not only conserves resources but also supports local ecosystems and biodiversity.

Tridhaatu Morya places a strong emphasis on indoor air quality, employing strategies such as using low-VOC (volatile organic compound) paints and finishes, installing effective ventilation systems, and ensuring proper sealing of building envelopes. These measures enhance occupant health and comfort, making Tridhaatu Morya a desirable place to live. With a focus on innovative design and environmental responsibility, Tridhaatu Realty strives to set new standards in the real estate industry.

Tridhaatu Realty has installed an Organic Waste Converter (OWC) to significantly reduce the burden on the government’s waste removal system, which in turn lowers the space required in dumping yards. The byproduct of the OWC can be utilized as manure for landscaping purposes. Additionally, they have implemented a full-capacity, odourless sewage treatment plant at Tridhaatu Morya, ensuring that no sewage is disposed of into the BMC sewer line. The treated water is repurposed for flushing and gardening, further reducing water demand and promoting water conservation.

With these initiatives, Tridhaatu Realty continues to lead by example in sustainable development, setting new benchmarks for eco-friendly practices in the real estate industry.

Mr. Pritam Chivukula, Co-Founder & Director, Tridhaatu Realty and Hon. Secretary, CREDAI-MCHI
Business

Year-End Real Estate Review and Outlook for 2022

Dec 24, 2021 by Gouri Achary 0 Comments #Pritam Chivukula, #Real Estate Review and Outlook for 2022, #Tridhaatu Realty

By Mr. Pritam Chivukula, Co-Founder & Director, Tridhaatu Realty and Hon. Secretary, CREDAI MCHI

Sector Performance in 2021

The year 2021 started with a mild relief to the industry, with the government pitching to support the developers and introducing various relaxations. The decreased stamp duty by the state government in until March 2021 set a path for the property owners and developers. As the pandemic started gaining momentum, the industry witnessed a setback for a short while with multiple trends flowing in that kicked off the market. New launches dispatches were back in the market as the industry saw expanding interest for bigger homes with the predominant work-from-home culture, wherein the units with additional room and decks arose as the best-performing classification.

After the arrival of the second wave of the covid 19 in March-April, the whole of Maharashtra along with other states was under massive losses of lives and businesses. There was slow or no financial movement in many parts of the states and in addition putting sudden brakes on the real estate industry. The industry witnessed increased numbers of engagement happening on the digital platforms as clients were quite comfortable having initial information and project walkthrough through virtual tours.

Soon after the vaccination drives took pace, the industry started growing in terms of new improved launches as per the market demands and financial inflation for the better of the sector. The unwinding in lockdown controls saw the purchasers visiting the property physically for inquiries. We promptly saw the volumes of deals returning to ordinary because of a lift in the lockdown and relaxation on interests by the Government. The need for possessing a home, low home loan costs alongside different payment plans from developers helped the property purchases since July and October recording the highest property sales. People who generally opted for rental as a choice began searching for a getaway from a deep-rooted rental web and understood the significance of possessing a home. These elements assisted the huge market drive and helped pent up deals during the festive season during the current quarter and were the key in freeing the real estate landscape of the ills brought about by the pandemic.

Outlook for 2022

In spite of the pandemic exigencies in 2021, residential housing gradually picked up momentum as compared to other segments. The disturbance brought about by the pandemic is easing back and the housing market is relied upon to recover its musicality in the following few quarters, since, the dangers of the new variant are enough contained with the least interruption in the early part of the New Year.

We shall anticipate with the Government to extend further relaxations and benefitting incentives that will only help better the sector in 2022. Incentives like the Introduction of tax benefits will help in increasing public spending with less transaction cost. Various supply and demand patterns assessed over the last decade have already started putting upward pressure on residential property prices. Residential sales momentum is expected to continue in 2022 as prospective homebuyers’ preferences for bigger homes, better amenities and attractive pricing will keep them interested to seal the deals. Well-known and trusted developers shall be witnessing comparatively better sales in the mid-income & affordable housing segments and shall continue to dominate in 2022 as well.

 

Mr. Pritam Chivukula, Co-Founder & Director, Tridhaatu Realty and Hon. Secretary, CREDAI-MCHI
Business, News

SWAMIH Fund invests Rs. 150 crore in Tridhaatu Realty’s Chembur project

Aug 14, 2021 by Rekha Nair 0 Comments #Co-founder & Director, #Mr. Pritam Chivukula, #Tridhaatu Realty

Mumbai: Special Window for Completion of Construction of Affordable and Mid-Income Housing Projects (SWAMIH I), the government-backed last-mile financing platform has made an investment of over Rs 150 crore to complete a residential project of realty developer Tridhaatu Realty & Infra located in Chembur, Mumbai. As per the terms, SWAMIH’s investment will hold senior charge for the exit from the project once it gets completed and the existing investor will get repaid after that.

Tridhaatu had started this project Tridhaatu Morya in 2018 and now with the financial support from SWAMIH I, it is expected to complete the same by December 2023 as per the final investment terms. The funding will be utilised for construction activities and paying statutory development premiums to the government authorities along with ensuring the completion of the project within the RERA deadline.

Commenting on the investment, Mr. Pritam Chivukula, Co-Founder & Director, Tridhaatu Realty said, “This last-mile funding from SWAMIH fund has helped us speed-up the construction activities at our site. The project management team of SWAMIH is thoroughly recording and monitoring the progress of the development each day to ensure timely completion of the project to the homebuyers. We at Tridhaatu Realty have always prioritized our customers’ satisfaction and are assuring them the on-time delivery of Tridhaatu Morya backed by SWAMIH’s support.”

Inspired by the myriad elements of nature and redefining all the parameters of luxury, Tridhaatu Morya comprises 1 & 2 Bed Residences starting from 1.37 cr onwards. The gated residential complex is one of the very few projects in the neighbourhood that is a freehold development and a non-SRA project. It is spread over 2 acres featuring 3 towers of 18 floors each with 3 Basements and 1 Podium. The carpet area for the apartments ranges between 477.28 sq. ft. to 723.77 sq. ft. With more than 16+ lifestyle amenities, the project is centrally located in Chembur that enjoys the best physical and social infrastructure in the immediate vicinity. It also enjoys excellent connectivity to the Eastern Freeway, Santacruz Chembur Link Road (SCLR), BKC, and Navi Mumbai. The RERA possession of the project will be June 2025.