Paradigm Realty sets Rs 850 cr topline from limited-edition luxury residences in Bandra (W)

Paradigm Realty, a prominent player in Mumbai's luxury real estate market, has launched two premium residential projects in Bandra (West) with an expected topline of Rs. 850 crore. These limited-edition luxury residences, located in the high-end neighbourhoods of Carter Road location (Perry Road) and Pali Hill, are set to redefine luxury living in the city. The first project, Green Acres at Pali Hill, has an exclusive offering of just 5 luxury apartments priced upwards at Rs. 70 cr each and a penthouse.

Projected to contribute Rs. 420 crore to the topline, Green Acres encompasses a construction area of 150,000 sq. ft. and a saleable RERA carpet area of 32,000 sq. ft. The project's capital requirement is structured in terms of funding, combining debt, equity, and anticipated sales revenue. Paradigm Realty's Superstar on Perry Road, is its second premium project with apartments starting from Rs. 17 cr. It is expected to generate Rs. 430 crore in Paradigm Realty's topline. Spread across a construction area of 1,80,000 sq. ft., the project offers a saleable RERA carpet area of 42,000 sq. ft. The capital requirement for Superstar is Rs. 150 crore, which will be raised through a mix of debt and equity, with the remaining capital to be funded via sales proceeds.

The funding strategy for Green Acres and Superstar underscores Paradigm Realty's confidence in the market for premium, limited- edition residences in Bandra. Commenting on the new projects, Parthh K. Mehta, Chairman and Managing Director, Paradigm Realty, said, These two limitededition projects, Superstar and Green Acres, mark a significant milestone in our journey to reshape the definition of exclusive luxury living in Bandra. With a combined topline target exceeding Rs 850 crore, these developments reflect our commitment to delivering premium residences that meet the highest standards of quality and align with the discerning tastes of today's homebuyers. By adopting a balanced funding approach, we ensure that these projects are delivered on time and with an unwavering focus on excellence.

Together, Superstar and Green Acres will span a total construction area of 3,30,000 sq. ft., with a combined saleable RERA carpet area of 74,000 sq. ft., solidifying Paradigm Realty's standing as a leader in Mumbai's luxury real estate market. These projects emphasize limited availability, targeting affluent homebuyers seeking exclusivity in the prime localities of Bandra.