In Focus: Palava City By Lodha Group
Smart living is the order of the day. In case you are looking for such an option in Mumbai, Lodha Group's Palava City, an integrated township project, would be a perfect choice. Developed on the lines of environmental sustainability, smart governance and smart urban planning concepts, the 4,500-acre township is already home to thousands of families and has opened doors for new investment opportunities. Let us know more about the township.
The location and connectivity
The township is located at Dombivali East on the Kalyan-Badlapur Road in the Mumbai Metropolitan Region (MMR) . The Kalyan-Dombivli corridor of the Thane district is a flourishing destination which has fuelled the growth of this township. Strategically nestled between three prominent locations, Navi Mumbai, Thane and Kalyan, Palava provides easy connectivity to bustling business hubs in Thane-Belapur as well as the new Navi Mumbai International Airport, along with a Metro link to the airport and areas like Panvel.
Rail connectivity is provided to the project by Dombivli (Central Line) , Vashi (Harbour Line) and Diva (Vasai-Panvel Line) stations. Localities of south Mumbai are connected with the project via the Eastern Freeway. A 15-kilometre elevated road project from Airoli to Katai Naka via a proposed tunnel will further ease commuting for the residents of Palava City. In addition, there are many infrastructural projects in the pipeline which will include road-widening activities and an upcoming bridge of 7.5 km from Vikhroli to Koparkhairane.
Key features
Let us look at the key features of the township:
Residential units: Over 20,000 residential spaces have been delivered to homebuyers. There is availability of ample ready-to-move-in apartments and more properties for investment.
Amenities: Palava City houses a cricket stadium, a 9-hole golf course, a FIFA standard football field and a 5 lakh sqft shopping mall with a PVR multiplex. In addition, there are supermarkets, clubhouse, community spaces and renowned ICSE schools.
Green features: A 100-acre central park, a waste water and sewage treatment plant and a 15-acre solar farm are situated inside the township.
Business spaces: The township has scope for development of a future business district and co-working spaces, including a promising hub for start-ups. It is already home to professionals from the information technology sector and more commercial projects on soon to come up here.
Real estate market in Dombivli
Dombivli East a well-planned locality of Mumbai. Proximity to major IT parks and industrial hubs has been the driving factor for real estate at Dombivli. Apart from Palava City, there are many township projects in the neighbourhood along with over 400 residential projects which include apartments, luxury villas, independent houses as well as residential plots. Residential properties at Dombivli East have an average capital value of Rs 6,099 per sqft. Standards 1BHK apartments of 700-sqft size are priced around Rs 35 lakh, whereas 2BHK and 3BHK homes sized between 950 sqft and 1,150 sqft range between Rs 55 lakh and Rs 75 lakh.