The ultra-luxurious and India's tallest skyscraper, Minerva, is all set to launch under the guidance of Shapoorji Pallonji Real Estate (SPRE) in Mumbai.
With a revenue potential of more than Rs 1500 crore, the ‘Vantage Series’ residences have a saleable area of 11.6 lakh square feet.
Lokhandwala Kataria Construction has appointed SPRE as a project marketing consultant. The project is financed by India Bulls Housing Finance and PAG.
The Vantage series includes a 91-storeyed building with over 300-metre tall high-rise that overlooks the beautiful Mahalakshmi Racecourse and the Arabian Sea along with spacious living rooms, expansive bedrooms and private sundecks-- reaching the next level of luxury.
The project is designed by well-known architect Hafeez Contractor and will have 372 apartments. The project will also cater to the well-being and business needs of owners.
There will be more than 200 home buyers as soon as the rehabilitation component of the project gets completed.
Venkatesh Gopalkrishnan, CEO, Shapoorji Pallonji Real Estate stated that SPRE is proud to be associated with India's tallest tower, Minerva. This allows us to align our strategy in the ultra-luxury sector.
Head Commercial Credit of Indiabulls Housing Finance, Rajiv Gandhi said that the association with Shapoorji Pallonji Real Estate exemplifies trust, competence, and execution excellence to create this ultra-luxurious project, Minerva.
The investment firm, PAG, Partner and Managing Director, Kanak Kapur added that it is one of the fastest-growing real estate markets and PAG is glad to be a financing partner with SPRE.
Ali Lokhandwala, MD, Lokhandwala Kataria Construction further mentioned that Minerva is India’s tallest tower and will represent the country as the national landmark on the list of Skyscrapers globally.