Kalpataru to develop Rs 300 crore residential project, Kalpataru Park Riviera at Panvel, Mumbai

Kalpataru Park Riviera at Panvel
Real estate major Kalpataru has launched premium residential project, Kalpataru Park Riviera at Panvel, Mumbai.

The project comprising over 400 apartment units across 2BHK and 3BHK configurations will be spread over 2.4 acres and developed in 2 phases.

In the first phase, 171 units are being launched across 2BHK and 3BHK configurations with prices starting Rs. 73 lakhs.

Apartments in the first phase will be ready for possession by June 2025. The project is being developed at a cost of over Rs. 300 crore.

“Panvel is emerging as Mumbai Metropolitan Region’s new realty hub, due to its strategic location between the industrial hubs and business districts, and the enormous infrastructure development underway. The city’s abundant green cover and air quality also makes it one of the country’s most livable destinations” Kalpataru Ltd MD, Parag Munot said. 

“Savings at a historical high between 8-10%, on account of softening of interest rates and various incentives by the government and industry makes this the best time to acquire real estate” added Munot.

The amenity rich project comes with multiple leisure and recreation options including a clubhouse, party lawn, swimming pool, Walking Trail, outdoor fitness areas, gymnasium, spa, game rooms, and dedicated kids play areas.

The project is located in the vicinity of the upcoming Navi Mumbai International Airport (NMIA) and the Mumbai-Pune and Mumbai-Goa highways. Also, in close proximity are Panvel Railway station, the State Transport Bus Station and the under-construction Mumbai Trans Harbor Link, which will provide quick access to the South and Central Mumbai Business Districts.

The project’s central location enables seamless connectivity to the business districts in Mumbai, and Thane as well as the industrial hubs of Taloja, Patalganga, Nagothane, Khopoli, Bhivandi and the JNPT port.
Kalpataru Park Riviera at Panvel
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