Raj Grandeur: Powai's new residential icon

Powai, one of Mumbai's preferred residential suburbs with its popular Powai Lake and verdant green surroundings is getting ready to host a new landmark residential project - Raj Grandeur - that is fast nearing completion.

A project by reputed Mumbai-based developer Rajesh Lifespaces, Raj Grandeur eatures spectacular 3 and 4BHK apartments (2070-3060 sq ft), housed in twin 30-storeyed towers. The winner of the Project of the Year (West) award at the Franchise India Estate Awards 2014, this towering edifice offers the finest amenities for modern urban living.

A rich wooden flooring, stylish French windows and spacious sun decks are just some of the key features that have been provided here in every apartment. The project also comes equipped with top-of-the-line external facilities that include tennis, badminton and squash courts and a slew of indoor games options.

Its modern clubhouse includes a gymnasium that ensures your fitness levels never drop, while the Jacuzzi, sauna and yoga-cum-meditation are the perfect venue to calm your nerves after a hectic week.  A mini amphitheatre and barbeque backyard complete the lavish lifestyle that is on offer here at this luxury project.

Even better, the project is almost complete, ensuring that those looking to move in won't have to wait for long. To make it even easier, the developer has also launched a special 10:90 offer, wherein buyers have to pay just 10 percent of the cost at the time of booking, with the balance payable only at the time of possession.

"Our efforts to present Raj Grandeur is perfectly epitomized by our campaign 'Allow us to spoil you', which aims at giving you the finest residency in Powai in the best way possible. It will successfully make you yearn for home and its various comforts wherever you go," says C J Mathews, AVP - Marketing, Rajesh LifeSpaces.

About the Location: Widely considered to be one of the best place to live in Mumbai, Powai is centrally located to major travel hubs and the Eastern Express highway and offers excellent infrastructure facilities.

Known for its many cafés, upmarket hotels and high-end restaurants, Powai is famous for its bustling nightlife where one can chill with friends and colleagues alike. The presence of many corporate offices here is testimony to the walk-to-work culture that is slowly gaining prominence here.

Other key factors that have contributed to the rising popularity of Powai as an ideal residential destination is its meticulous planning, greenery and cleanliness visible in every street. With leisure spaces, multi-culinary restaurants, lavish shopping areas and dedicated community building areas Powai is one of the most sought after neighbourhoods in Mumbai today.

Being in close proximity to IT Parks and financial institutions, the rental demand is mainly from IT professionals and bankers from various national and multinational organisations.

Residential rental values in Powai have remained stable or increased marginally in select pockets during 2013-14, but are expected to escalate as demand continues to outstrip supply. A newly constructed 3 BHK apartment here is priced in the range of INR 70,000 - 1,00,000 p.m, while a 4BHK is available for approx INR 1,50,000 - 2,00,000 p.m.

About the Developer: Rajesh LifeSpaces is a leading name in the city's developer community with a track record of over 100 projects in Mumbai housing over 12,000 families. The company has to its credit affordable housing and luxury projects spread over 8mn sq.ft in the city's western and central suburbs. It has also forayed into retail spaces and is designing a five-star hotel in Powai and a holiday resort at Karjat on the outskirts of the city.