Agami Realty, the real estate development arm of the Agami Group, has entered into an agreement to redevelop a housing society in Mumbai’s posh locale of Kalanagar, Bandra (East).
The project to be developed on the land parcel spread over 0.25 acres is estimated to offer Agami Realty a development potential of about 1 lakh sq.ft. and a free-sale component of about 45,000 sq. ft. This may translate into a revenue potential of over INR 225 crore as per the prevailing pricing trends in the micro-market according to the market sources.
The project will be a boutique residential development conceptualised with ‘Art & Sustainability’ as its foundation. The 22 storied edifice is being designed by renowned architect Reza Kabul and it offers stunning 2.5 and 3 bed lavish residences with skydecks.
Speaking on the occasion, Prashant Khandelwal, CEO - Agami Realty said, “Society redevelopment is the most excellent opportunity in Mumbai today and we would like to leverage our expertise in developing quality and climate smart real estate developments.”
The project is strategically located in the heart of Mumbai’s most buzzing and opulent neighborhood - BKC Annex. This locality due to its proximity to BKC has drawn many bigwigs and CXOs – the who’s who of the corporate world. The area also offers excellent connectivity and surrounding social infrastructure with top notch education institutions, healthcare facilities, clubs and high street retail.
It will set out on a mission to revolutionise the built environment and enhance people's quality of life. Their vision is to foster climate-conscious communities and redefine the integration of nature in design, architecture, and construction. Agami Realty was among the first ones to develop a residential township with IGBC Platinum rating in the year 2010. By setting new standards and adopting an innovative approach, they aim to inspire the creation of smarter homes, smarter communities and actively contribute to a greener, more sustainable, and resilient urban landscape.
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