Lodha Group’s luxury project gets spectacular response
Mumbai- The luxurious residential project “Codename Blue Moon” by Lodha Group has received applications of more than 1000 people, which is double the number of units that are on offer.
For this project, Lodha Group made the largest real estate transaction from DLF in the year 2012. This premium residential development will be built on 75,000 sq mts(18 acre) of area having largest garden landscape in South Mumbai. It is situated at South Worli, Mumbai. Codename Blue Moon is inspired by Manhattan’s Central Park. The entire development is given an international touch of Singapore, Thailand, Italy etc.
In this model applications were invited from the prospective customers stating their preference of configuration, floor band and ticket sizes. Automated allotment process was then used for allocations. The completed applications can be submitted from 18th to 27th January 2013. It seems that such model will change the way of selling process in the Indian real estate.
Codename Blue moon offers comfortable and lavish 2,3 and 4 BHK units in two majestic towers named Condename Alpha and Gama. These apartment units ranging between 1368 – 2286 sq ft and are available at a price of Rs 3.20 crore to Rs 5.53 crore. These world class units will give a splendid view of Arabian Sea and the Bandra-Worli Sealink to the west and Mahalaxmi Race course to the south. The excellent facilities and amenities will cater a stylish metropolitan lifestyle.
Few of them are air-conditioned residences with Italian marble and wooden flooring, international fittings, multi-level security, concierge, large open spaces and a large club and spa. The best part is that this project is located in an ultra-premium location at suburban rates. This project is just minutes drive from Bandra and Worli Seaface. It also gives easy access to Senapati Bapat road, Annie Besanr road and Gokhale road.
Established in 1980, Lodha group is one of the top real estate companies in India and the largest developer in Mumbai. They have launched many projects in Mumbai and now the group is expanding its business into Western and Southern India.
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Do not think people will bid for property worth 3.2 Cr base prices in such a huge number! It sounds illogical when ready to move in properties with similar rate are not being sold.
And if its correct then its good work for IT department / P. Chidambaram to search who are interested in this properties? Are the applicants paying proper income/wealth tax? How much black money involve in this?
Rather than increasing direct and indirect taxes on common salaried class, IT department / P. Chidambaram should focus on these 1300 applicants. I think 3000 Cr. tax will be collected.
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