Paradigm Realty Unveils Exclusive Luxury Residences in Bandra

Paradigm Realty launches two luxury residential projects, Green Acres and Superstar, in Mumbai's Bandra locality. Aimed at redefining luxury living, the projects combine a saleable RERA carpet area of 74,000 sq. ft. and target a topline of Rs 850 crore, catering to affluent homebuyers seeking exclusivity.

Mumbai, November 11, 2024: Paradigm Realty, a leader in luxury housing, announces two high-end projects in Bandra (West) with a targeted revenue of Rs 850 crore. Nestled in Carter Road and Pali Hill, these residences aim to set a new standard in luxury living.

The Green Acres project at Pali Hill features five luxury apartments starting at Rs 70 Cr each, anticipated to contribute Rs 420 crore. This development combines 150,000 sq. ft. of construction area with a 32,000 sq. ft. saleable RERA carpet area. Funding comes from debt, equity, and projected sales, highlighting a balanced financial strategy.

Paradigm Realty's second initiative, Superstar on Perry Road, offers residences starting at Rs 17 Cr. With a revenue projection of Rs 430 crore over 180,000 sq. ft. of construction, the project features a RERA carpet area of 42,000 sq. ft. This venture underscores Paradigm's confidence in Bandra's premium real estate market.

(With inputs from agencies.)