Sri Lotus Developers to Launch Ultra-Luxury Redevelopment in Mumbai's Bandra West
Sri Lotus Developers and Realty Limited has announced its appointment as the developer for a prestigious redevelopment project in Bandra West, Mumbai. The project is located in the heart of the city, near the iconic Bandstand Promenade, and aims to create ultra-luxury living quarters that will redefine premium living in the area.
The company stated, “With this project, the company aims to create an ultra-luxury development that will redefine premium living, offering world-class design, unmatched amenities, and an address that embodies exclusivity and sophistication.” Additional details about the project, including design specifics and amenities, will be disclosed in due course.
Sri Lotus Developers is a Mumbai-based company that specializes in the development of residential and commercial properties. The company primarily focuses on redevelopment projects in the ultra-luxury and luxury segments in the western suburbs of Mumbai. Their strategy includes aggressive land aggregation via joint development agreements and MD models, with a strong emphasis on luxury redevelopment in high-value markets in Mumbai.
The company currently has 13 ongoing or upcoming projects in the western suburbs, with a total saleable area of 16.9 lakh square feet. About 54% of these projects are redevelopment projects, while the remaining 46% are greenfield projects. Sri Lotus Developers plans to expand its presence in other micro-markets in the southern and central regions of Mumbai, such as Nepean Sea Road and Prabhadevi.
The IPO funds will be used to accelerate the project pipeline over the next 24 months. This will enable the company to take on more high-value projects and continue its growth trajectory in the luxury real estate market. Shares of Sri Lotus Developers and Realty Ltd ended at ₹180.45, down by ₹2.40 or 1.31%, on the BSE on September 9.
Sri Lotus Developers is committed to delivering exceptional quality and value to its clients. The company’s focus on ultra-luxury and high-value markets positions it as a leader in the real estate sector in Mumbai. With the launch of this new project in Bandra West, the company aims to set new standards in premium living and further solidify its reputation in the industry.
