Oberoi Realty to Redefine Mumbai's Bandra Reclamation with Major Development
Oberoi Realty, a leading property developer in Mumbai, has recently entered into a significant agreement to redevelop a 2.5-acre land parcel in Bandra reclamation. The project, which is part of the Slum Rehabilitation Authority's (SRA) initiative, aims to
Oberoi RealtyBandra ReclamationReal EstateProperty DevelopmentSlum Rehabilitation AuthorityReal Estate MumbaiJan 12, 2025
Oberoi Realty is a renowned real estate developer in Mumbai, known for its premium residential and commercial projects.
The company has a strong track record of delivering high-quality, sustainable developments that enhance the urban landscape.
With a focus on innovation and customer satisfaction, Oberoi Realty has established itself as a leader in the Indian real estate market.
The Bandra Reclamation Project
The Bandra reclamation project is a significant urban development initiative in Mumbai, aimed at revitalizing a key area of the city.
The project spans across various parcels of land, with the latest addition being a 2.5-acre plot that Oberoi Realty has been tasked with redeveloping.
This land parcel is located in a prime location, offering panoramic views of the Arabian Sea and easy access to major transport hubs.
Development Agreement with the Slum Rehabilitation Authority
Oberoi Realty has entered into a development agreement with the Slum Rehabilitation Authority (SRA), a governmental body involved in the rehabilitation of slum areas in Mumbai.
The agreement outlines the terms and conditions for the redevelopment of the 2.5-acre land parcel, which includes the construction of high-rise residential buildings, commercial spaces, and community facilities.
The project is expected to provide a better living environment for the current residents and attract new residents and businesses to the area.
Key Features of the Project
- Sustainable Design The project will incorporate sustainable building practices, including the use of green materials and energy-efficient systems.- Mixed-Use Development The development will feature a mix of residential and commercial spaces, creating a vibrant community with a variety of amenities.- Community Facilities The project will include community centers, playgrounds, and other recreational spaces to enhance the quality of life for residents.- Transport Connectivity The location of the project ensures easy access to major transport hubs, including the Bandra-Kurla Complex and the Bandra railway station.- Affordable Housing A portion of the development will be dedicated to affordable housing, in line with the SRA's mission to provide better living conditions for all residents.
Impact on the Local Community
The redevelopment of the 2.5-acre land parcel is expected to have a positive impact on the local community.
It will provide modern, well-equipped housing for current residents, while also attracting new residents and businesses to the area.
The project is expected to boost the local economy by creating job opportunities and generating additional revenue for the city.
Future Plans
Oberoi Realty's involvement in the Bandra reclamation project is part of a broader strategy to contribute to Mumbai's urban development.
The company plans to explore more opportunities in the city, focusing on areas that require significant investment and redevelopment.
With a strong commitment to sustainable practices and community well-being, Oberoi Realty aims to set new standards in the real estate industry.
Conclusion
The redevelopment of the 2.5-acre land parcel in Bandra reclamation by Oberoi Realty is a significant step towards revitalizing one of Mumbai's key areas.
The project, which is aligned with the SRA's goals, promises to transform the area into a modern, sustainable neighborhood that will benefit both current and future residents.
Oberoi Realty's commitment to sustainable and community-focused development sets a positive example for other developers in the industry.
Frequently Asked Questions
What is the size of the land parcel being redeveloped by Oberoi Realty in Bandra?
The land parcel being redeveloped by Oberoi Realty in Bandra is 2.5 acres in size.
Who is the Slum Rehabilitation Authority (SRA)?
The Slum Rehabilitation Authority (SRA) is a governmental body in Mumbai responsible for the rehabilitation of slum areas and the development of affordable housing.
What are the key features of the Bandra reclamation project?
The key features of the Bandra reclamation project include sustainable design, mixed-use development, community facilities, transport connectivity, and affordable housing.
How will the project impact the local community in Bandra?
The project is expected to have a positive impact by providing modern housing, attracting new residents and businesses, and boosting the local economy through job creation and revenue generation.
What are Oberoi Realty's future plans in Mumbai?
Oberoi Realty plans to explore more opportunities in Mumbai, focusing on areas that require significant investment and redevelopment, with a strong commitment to sustainable practices and community well-being.
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