PNN
Mumbai (Maharashtra) [India], June 14: Naiknavare Developers, headquartered in Pune, is proud to announce the successful handing over of houses to 80 families in its slum rehabilitation project, 'Jagruti' located at Vakola, Santa Cruz in Mumbai. Is. This important milestone marks the completion of the second tower in the project spread over approximately 12 acres.
Jagruti Slum Rehabilitation Project started on December 15, 2022 and is spread over a total development area of approximately 45,000 square meters. The tower being handed over is of G+9 structure and can accommodate 80 families, with each unit conforming to the statutory norm of 300 sq ft carpet area.
Hemant Naiknavare, Director, Naiknavare Developers, commented on the occasion, “We are happy to hand over these houses to 80 deserving families under the Slum Rehabilitation Authority.Our commitment to quality and timely delivery remains steadfast, and we look forward to continuing our mission of “providing better housing solutions to those most in need.”
Chief guest MLA Sanjay Potnis was present at the key handing over ceremony. MLA Sanjay Potnis congratulated Naiknavare Developers for their unwavering commitment towards excellence and significant contribution to the society. “I am honored to be here today to witness this remarkable milestone,” he said.This initiative sets a benchmark for future redevelopment projects in Mumbai."
This handover is part of a phased redevelopment strategy, with Naiknavare Developers having a proven track record of successfully completing SRA projects in Pune. This is one of the largest portfolios in this asset class, underscoring its dedication to enhancing the quality of life across various socio-economic strata. To date, the company has handed over 1400 units between Pune and Mumbai, of which 78 units were handed over today. Additionally, another 370 units are scheduled for handover over the next 12 months.The residents of Jagruti SRA project will benefit from a host of amenities including gymnasium, nursery school and a society office, which will ensure a comfortable and convenient living experience when the future phases are handed over.
Naiknavare Developers has long been at the forefront of slum rehabilitation, driven by a deep sense of social responsibility to improve the lives of people living in poor areas. Their mission is to empower slum dwellers to realize their aspirations for a more prosperous and healthy lifestyle by promoting habits of cleanliness, hygiene and tidiness. By raising the standards of living of the economically deprived, they envision not only social progress but also transforming urban landscapes into vibrant, slum-free communities.
Current property prices in the area are around Rs 25,000 per sq ft, expected to rise by 10 per cent in the next 2-3 years.This positive trend reflects the increasing demand and growth in Vakola, Santa Cruz micro market of Mumbai.
Naiknavare has created milestones in the housing segment ranging from affordable, middle income and luxury housing, slum rehabilitation, commercial and retail spaces, serviced gated plotting communities, educational institutions and recent redevelopment projects. With a total of more than 60 projects over a period of almost 4 decades, more than 18 million square feet of construction has been completed and approximately 6 million square feet is being planned. The company has a presence in several micro markets of Pune with projects in Mumbai, Navi Mumbai, Kolhapur and Goa.
Mumbai (Maharashtra) [India], June 14: Naiknavare Developers, headquartered in Pune, is proud to announce the successful handing over of houses to 80 families in its slum rehabilitation project, 'Jagruti' located at Vakola, Santa Cruz in Mumbai. Is. This important milestone marks the completion of the second tower in the project spread over approximately 12 acres.
Jagruti Slum Rehabilitation Project started on December 15, 2022 and is spread over a total development area of approximately 45,000 square meters. The tower being handed over is of G+9 structure and can accommodate 80 families, with each unit conforming to the statutory norm of 300 sq ft carpet area.
Hemant Naiknavare, Director, Naiknavare Developers, commented on the occasion, “We are happy to hand over these houses to 80 deserving families under the Slum Rehabilitation Authority.Our commitment to quality and timely delivery remains steadfast, and we look forward to continuing our mission of “providing better housing solutions to those most in need.”
Chief guest MLA Sanjay Potnis was present at the key handing over ceremony. MLA Sanjay Potnis congratulated Naiknavare Developers for their unwavering commitment towards excellence and significant contribution to the society. “I am honored to be here today to witness this remarkable milestone,” he said.This initiative sets a benchmark for future redevelopment projects in Mumbai."
This handover is part of a phased redevelopment strategy, with Naiknavare Developers having a proven track record of successfully completing SRA projects in Pune. This is one of the largest portfolios in this asset class, underscoring its dedication to enhancing the quality of life across various socio-economic strata. To date, the company has handed over 1400 units between Pune and Mumbai, of which 78 units were handed over today. Additionally, another 370 units are scheduled for handover over the next 12 months.The residents of Jagruti SRA project will benefit from a host of amenities including gymnasium, nursery school and a society office, which will ensure a comfortable and convenient living experience when the future phases are handed over.
Naiknavare Developers has long been at the forefront of slum rehabilitation, driven by a deep sense of social responsibility to improve the lives of people living in poor areas. Their mission is to empower slum dwellers to realize their aspirations for a more prosperous and healthy lifestyle by promoting habits of cleanliness, hygiene and tidiness. By raising the standards of living of the economically deprived, they envision not only social progress but also transforming urban landscapes into vibrant, slum-free communities.
Current property prices in the area are around Rs 25,000 per sq ft, expected to rise by 10 per cent in the next 2-3 years.This positive trend reflects the increasing demand and growth in Vakola, Santa Cruz micro market of Mumbai.
Naiknavare has created milestones in the housing segment ranging from affordable, middle income and luxury housing, slum rehabilitation, commercial and retail spaces, serviced gated plotting communities, educational institutions and recent redevelopment projects. With a total of more than 60 projects over a period of almost 4 decades, more than 18 million square feet of construction has been completed and approximately 6 million square feet is being planned. The company has a presence in several micro markets of Pune with projects in Mumbai, Navi Mumbai, Kolhapur and Goa.
