How often would you come across an architect who would take up development as a profession? Very rarely for architecture is a creative field while real estate construction in India can be an altogether a beast to deal with. However Mr. Kinner Nayak, a renowned architect, forayed into property development with his first project at Bangur Nagar, Goregaon West.
The Kinner Group’s first project is the redevelopment of the Govardhangiri Society that is located in the precincts of Malad West, at Bangur Nagar on Link Road. Two towers are coming up in the vicinity of the Goregaon Sports Club, Infinity Mall, Hypercity Mall, Inorbit Mall, Billabong School, and the Mindspace business district. In fact one can walk to Hypercity, Inorbit and Mindspace from here.
The developer is keeping the essence of the property being redeveloped by naming the towers as Krsna and Kala in line with the Goverdhangiri theme. Both the towers will be 20 storeys each over a 2 level podium. These towers shall have three lifts with two high speed lifts, and a stretcher lift. There are just 55 apartments for sale. 53 apartments are 2.5 BHK in configuration and two highly exclusive 5 BHK duplex apartments. For sale apartments are above 13th floor and original residents of the society will occupy the lower floors. This ensures that buyers will have pristine views of Arabian Sea in the West and National Park on the East.
Construction work for this project is in full swing and near about 10 slabs have already been casted on first tower and second tower is also advanced. The site has natural tree cover a large chunk of which is being retained and it ensures clean environs for residents. What also is noteworthy is that the site is just off the Link Road, hence connectivity to Western Suburbs is great while being inside one will not be troubled by noise emanating by vehicular movement.
Apartments at Krsna and Kala will have a salable area of 1280 sq. ft. while carpet area could be of around 752 sq. ft. Pricing of these apartments is about Rs. 16,000 per sq. ft. There are two things that really stand out here. One that the builder has reached advanced stages of construction through internal accruals i.e. no pre-sales were done to date as the firm wants to build a brand and collect a higher realisation by demonstrating progress. Second, the project is now being exclusively marketed by Jones Lang La Salle, property consultants of international repute.
As far as amenities are concerned there is an air-conditioned, double-height entrance lobby in the buildings. One will be greeted by numerous artefacts the entrance itself. Such features definitely lift up the lifestyle of residents of a society. Other amenities include Amphitheatre, Indoor party lounge, Clubhouse, Tennis Court, Garden and Kid’s Park exists amongst many others. Krsna and Kala also offer recreational features like a jogging track (at the terrace level of both towers which are connected with a glass bottom bridge at 230’0” height), walking gardens, swimming pool, state-of-the-art gymnasium, fully equipped health club with steam and Jacuzzi, a Yoga meditation centre and an indoor games arena. Children will have their own safe play area away from any vehicular movement, while senior citizens too will have an exclusive space as well as a wellness-corner. The building will have a glass facade which means there isn’t a wall in the front. Though all protective features are being built to ensure safety. Such a design definitely distinguishes the concept.
We hope Kinner Group will live up to expectations in its first project.
Update March 2017 – We learnt from some sources, though we can’t confirm the same, that the work on the project is stalled due to approvals and financial issues. The company seemingly sold some of the units to investors and later ran into issues around project approvals.