PAREL | Crescent Bay | 64fl + 57fl + 54fl + 51fl + 48fl + 45fl | APP

[jinka sreekanth]

Website

L&T has launched Crescent Bay in Parel featuring 6 towers of 40-60 floors-

Renders - click to view large:






Site Plan:



Location (view on google maps):



Article posted by SixSigma here:

Mumbai’s biggest slum redevelopment plan gets going

MUMBAI: The largest slum redevelopment scheme in Mumbai—and possibly in India—is underway in the island city. Omkar Realty and Developers Pvt Ltd has tied up with Larsen and Toubro Realty, a subsidiary of L&T, to develop a Rs 7,000 crore-plus residential project spread over a 17-acre slum sprawl in Bhoiwada, Parel.

L&T, which is the majority partner, will design, construct and market the high-end luxury apartments with Omkar. The project will have 1,200 apartments spread over 3 million square feet in six towers, each 40-60 floors tall. Flats in this area are currently quoted at approximately Rs 15,000 a sq ft.

Omkar, which bagged the slum project, will rehabilitate slum dwellers residing in about 4,000 shanties free of cost in 269 sq ft (carpet area) flats in nine to ten buildings of 23 floors. With a floor space index of over 3 available in slum schemes, the plot has a developable space of over 5 million sq ft.

Under the slum redevelopment scheme, a developer can use the balance area to construct buildings to sell in the open market.

S D Corporation, a joint venture company of hotelier Dilip Thakkar and construction major Shapooji Pallonji, had eight years ago undertaken a slum scheme spread across 13 acres. The developer has constructed two 60-storey luxury towers, The Imperial, from the free sale component.

In the Bhoiwada project, one million sq ft will be used for rehabilitation while the balance area will be used for free sale by the two companies.

Babulal Varma, managing director of Omkar, confirmed the joint venture but refused to elaborate on the revenue sharing agreement. Shrikant Varma, managing director of L&T Realty, refused to comment on the first venture by the company in the Mumbai property market. The JV was signed recently after almost a year of negotiations.

Sources close to the development say L&T has invested around Rs 500 crore in the Parel project. Incidentally, L&T is also the contractor appointed by Omkar to construct slum rehab buildings at Bhoiwada. The construction agreement worth Rs 174 crore was signed in 2011. The construction major, for the first time, is using pre-cast technology normally used for ground-plus-three-level structures to construct high-rise buildings of 23 floors.

Omkar has bagged rights to redevelop 10,000 hutments spread across 20 acres in Malad. The company has raised a debt of about Rs 2,000 crore to finance construction of almost 5.5 million sq ft at its Worli and Malad project.

Source: Link

May Update by CG:
Massive rehab site of Omkar bein built by L&T. I guess this will b the rehab towers for all omkar projects,its being built using prefrabicated concrete slabs, assembled on site. I guess this type of construction was mentioned in omkars brochure. The entire hill is wiped out of slums.

[Chrisel]

Looks like Planet Godrej on steroids

[bhargavsura]

Originally Posted by Chrisel

Looks like Planet Godrej on steroids

I initially thought it was being developed by the same developers of Planet Godrej.

[India Rocks]

The rehab towers (adjoining Crescent Bay) are u/c.
Here we go.
Taken today
photo cc: me

[Coolguyz]

Those are rehab towers

[India Rocks]

Originally Posted by Coolguyz

Those are rehab towers

Oh !! Really.....

Then the actual tower would be constructed behind this?

[Coolguyz]

Originally Posted by India Rocks

Oh !! Really.....

Then the actual tower would be constructed behind this?

Yup,they stil have to clear some more land behind

[India Rocks]

Originally Posted by Coolguyz

Yup,they stil have to clear some more land behind

Cool.... thanx for the info.
I have edited my post.

[sixsigma1978]

Originally Posted by Coolguyz

Those are rehab towers

google map location please!!

[Jai]

Originally Posted by jinka sreekanth

L&T has launched crescent bay parel lntrealty

Another rendering, courtesy MPE:

Hi-res version

[bhargavsura]

Nice. Hope to see this one come up soon.

[whitefox011]

some details of the project
&T launches 6 Multistories Towers of proposed 55 stories overlooking the Eastern Harbour and Sea.

L&T is Developer and Contractor Itself.

The proposed development is going to take place on a clear plot of 7 acres

First habitable floor starts from 10th the floor level

Apt Sizes : 1368sq.ft, 1419sq.ft, 1782sq.ft, 2043sq.ft, 2504sq.ft

Proposed Features:

Swimming Pool, childrens Splash Pool with Pool Decks. Large Open Space with Themed Landscaped Garden, Fully-equipped Club House & Gymnasium, Indoor Games -- Table Tennis, Snooker, Carrom, Squash Court, Kids Game Zone, Sauna, Spa, Jacuzzi, Children's play area with Sand Pit -- barricaded and traffic free, Pedestrian Walkway / Jogging Track, Senior Citizen Zone / Meditation Zone / Relaxing Deck / Viewing Deck, Yoga and Meditation Area, Badminton Court, Multipurpose Hall, Day Care Centre / Children Crèche, Lounge Area / Library, Skating Rink, Natural Acupressure Therapy Area

Internal Features:

Italian Marble Flooring in Foyer, Living, Dinning and Pooja Area, Engineered Wooden Flooring in One of the Bedroom, Imported / Composite Marble in other Bedroom, High End Split AC's in Living Dinning and Bedrooms, Kohler, Grohe, Hansgrohe, Duravit or equivalent for Sanitary Ware, CP fittings of Grohe or equivalent, Heavy Teak Wood Main Door, Anodized Glass Windows, FTTH, Gas Detector, Exhaust Fan and Water Purifier, Wet and Dry Sink with Provision for Dish Washer and Washing Machine, Video Door Phone and Heavy Door Locking Facility.


The Project is located in Parel. Within distance less than 0.5km from the project we have Nearest School like Parel English School . Nearest Restaurant like Hotel Malvan Samudra . Nearest Bank Atm like Indian Overseas Bank .

[sixsigma1978]

Palm trees on the 25th floor and above. This I gotta see !!

[IndiansUnite]

*New thread created for this project*

[jinka sreekanth]

An intresting ad in bangalorequickr

[Coolguyz]

The excavation and site prep for actual towers has started on top of hill

Uploaded with ImageShack.us

A cement plant has been installed on eastern side of site

Uploaded with ImageShack.us

[infra desperados]

Thanks CG for all the nice updates.

Which One is The Actual Renders??

[kingfisher09]

In a lot of renders now-a-days we see trees being displayed not just at ground level, but also on the upper floors. How safe is this for the structure in the years to come. The reason I ask is an issue trees casued in the complex where I currently live in Canada. The courtyard of the complex I live in has a few trees which are approximately 6-10 feet tall, definately not more taller. Exactly below the courtyard is the basement car parking. Now the roots of these trees over the years had grown and actually weakend the concrete roof slabs of the basement parking roof. The municipal office actually sent a notice to get the trees removed as they were unsafe and weaking the slabs. The society had to get the roof slabs broken down and redone completly costing around a million dollars in total. Note that the number of trees were around 10 and the courtyard is huge.

Even in the render above we see trees much taller, growing up to 3 to 4 storeys tall which are much more taller than the trees in my courtyard. So do the builers actually plan on putting them up or are these just to make the rendering look good??