Shapoorji Pallonji Oshiwara Mumbai Project news

Shapoorji Pallonji is newest luxury project started by Shapoorji Pallonji at Oshiwara Mumbai.  The project is still in pre launch and it has 2BHK, 3BHK and 3.5BHK luxury apartments.  It has world class modern amenities, here property buyer can avail the rate benefit because buying property in pre launch stage it has always cheerer rates. 

The INR 100+ crore apartments are very exclusive and most of them will be sea-facing according to Amar, Proprietor of Lifestyle Property Consultants. “Most high-end apartments will have standard amenities like standby power, gym, club area, security, swimming pool and the like but the INR 100+ crore properties have super luxury amenities with a very high quality construction. The difference is in the quality. "Shapoorji Pallonji Oshiwara" These are also very exclusive and hence buyers are selected by invitation and after proper screening,” said Amar. He also said that this is a slow market. The buyers are not from Mumbai alone but from different parts of the country and abroad and these are mainly corporates and HNI.

Not all of these luxury apartments in Mumbai have been sold. Recent research points out that the city has about 1000 uber luxury apartments spread over 15 residential projects which are in the price range between INR 20 crore and INR 100 crore. Many of these projects which were launched between 2006 and 2010 are still unsold.

However, many developers are being optimistic. Shapoorji Pallonji Oshiwara, Chairman and Managing Director, Shapoorji  Realty Ltd remarking on the Q3 of FY14 said, “Domestic and global economic headwinds continue to be challenging. While business sentiments are likely to improve only after the results of the general elections, there will now also be opportunities for companies which have shown financial prudence and discipline.