Corporate leaders in Mumbai opt for community life, shift home to plush towers

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Corporate leaders in Mumbai opt for community life, shift home to plush towers

Corporate leaders in Mumbai opt for community life, shift home to plush towers

MUMBAI: Plush apartment complexes are the status symbols for the rich and the famous in ‘Maximum City’ Mumbai, which for long had its millionaire rows that the captains of industry called their abode.

In the country’s financial capital, where connectivity and connections are everything, it’s now important for corporate leaders to be at par with their peers when it comes to choosing an address. Most top and middle-level management executives now prefer to live in posh towers where members of their fraternity reside. Variables such as convenience, network, lifestyle, comfort and even pride are making these residential complexes hotspots.

While Samudra Mahal in Worli and NCPA Apartments at Nariman Point continue to attract a higher premium, newer gated communities are also gaining a toehold, commanding prices ranging from Rs 8 crore to Rs 50 crore.

“Combination of several factors including gentry, right location, layout and a gated community of likeminded people prompted me to finalise my decision of being a part of this residential address,” said India Value Fund partner Pramod Kabra, who has lived at Planet Godrej in South Mumbai’s Mahalaxmi locality for the past eight years.

“Over the years, we have grown into a closeknit community owing to the bonding through social events.” This project has 372 plush apartments across five towers of 48 floors, spread over nine acres, each with a contemporary design and open spaces.

It is home to personalities such as Jet Airways CEO Vinay Dube, Gautam Narayan of Apax Partners, Bunge India MD Samir Jain, Paramone India MD KP Nigam and Deloitte CEO N Venkatram.

“Many of these new buildings are signifying a change in expectation of a certain lifestyle that old complexes may not offer,” said Shishir Baijal, CMD of property consultant Knight Frank India.

“The new young CXOs are looking for more modern facilities and amenities… These features are turning out to be extremely crucial factors.” Apart from modern amenities, services offered by globally renowned brands ensure that the well-heeled and travelled homebuyers remain pampered.

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