Revolutionizing Mumbai's Skyline: Aspect Realty Unveils Shivam Worli, a Landmark SRA Project
Aspect Realty announces the launch of Shivam Worli, a 70-storey residential tower in Worli, Mumbai, promising luxurious living spaces and social responsibility.
Real EstateSra ProjectMumbaiAspect RealtyShivam WorliReal Estate MumbaiJul 15, 2024
The project, which had faced numerous delays and challenges, has been revived by Aspect Realty's commitment to social responsibility and community development. The original builder's failure to deliver on their commitments left the project stalled, and the SRA dwellers without promised housing and rent since 2018. Aspect Realty has stepped in, bringing new hope and progress to the community, by paying a substantial amount to the slum dwellers under an amnesty scheme, ensuring their immediate relief and support.
Under the SRA scheme, Aspect Realty is committed to rehabilitating slum dwellers, providing them with new, quality housing. The SRA scheme operates under a Public-Private Partnership model, leveraging land as a resource to generate funds. This innovative approach ensures the provision of free alternate accommodation to eligible slum dwellers on an ownership basis. In return, developers are allocated saleable built-up areas, which help offset project costs through cross-subsidization.
Shivam Worli will be a landmark development, featuring two distinct sections. The first section will be dedicated to the rehabilitation of slum dwellers, ensuring they receive the promised housing and improved living conditions. The second section will comprise premium residential flats available for sale to new buyers, offering luxurious living spaces with modern amenities and breathtaking views of the Mumbai skyline.
The project's unique selling proposition is its ability to offer relatively affordable housing without compromising on amenities. Residents can expect top-notch facilities such as a fully equipped gym, swimming pool, landscaped gardens, and a multi-purpose clubhouse. The project also prioritizes sustainability, with plans to achieve GRIHA certification, reflecting Aspect Realty's commitment to environmental responsibility.
Located close to Worli Naka, Senapati Bapat Marg, Phoenix Mall, and right behind Indiabulls Blu, Shivam Worli offers a prime location with excellent connectivity and convenience.
Aksha Kamboj, Chairperson of Aspect Group, stated, 'Aspect Realty's involvement in Shivam Worli not only aligns with our corporate objectives but also reflects our dedication to social responsibility and community development.'
Kedar Chapekar, CEO at Aspect Realty, added, 'We are thrilled to take on this transformative project at Worli. Our goal is to deliver exceptional living spaces while ensuring that the original promises made to the SRA dwellers are honored. This 70-storey project, Shivam Worli, is planned to launch and provide possession in a much earlier timeframe than what is currently the norm in today's market.'
Aspect Realty's strategic vision and commitment to quality underscore its reputation as a leader in the real estate sector.
Information
Aspect Realty is a visionary player in the real estate industry, committed to social responsibility and community development. The company's approach to redevelopment aims to provide slum dwellers with improved housing, ownership rights, and enhanced community infrastructure, promoting social inclusion and economic opportunities.
Aspect Realty is a leading real estate developer in India, known for its commitment to quality, innovation, and social responsibility. With a focus on creating sustainable and inclusive urban environments, Aspect Realty is transforming the real estate landscape in India.
Frequently Asked Questions
What is the location of Shivam Worli?
Shivam Worli is located at Worli, Mumbai.
What is the cost of the project?
The project cost is INR 450 crores.
What is the unique selling proposition of Shivam Worli?
Shivam Worli offers relatively affordable housing without compromising on amenities.
What is the expected completion time of the project?
The project is expected to be completed in 3.5 to 4 years.
What is the focus of Aspect Realty's approach to redevelopment?
Aspect Realty's approach to redevelopment focuses on providing slum dwellers with improved housing, ownership rights, and enhanced community infrastructure, promoting social inclusion and economic opportunities.
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