“The Edge” at Tribeca: A New Standard for Exotic Living in South Mumbai
Newzdaddy Business Updates
Synopsis of the Article
- Tribeca Developers achieves sales worth INR 1,000 crores in 30 days with “The Edge” project.
- The Edge is located on a 2.5-acre site in Parel, South Mumbai.
- The project offers 2 to 5-bedroom homes priced between INR 4 crores and INR 12 crores.
- Developed under Maharashtra’s Cluster Redevelopment Policy.
- Tribeca Developers partnered with Tejukaya Group and secured financing from HDFC Capital and Piramal Capital.
- Kalpesh Mehta of Tribeca emphasizes creating landmark properties that push luxury to new heights.
- Tejukaya Group’s CEO, Pranav P. Tejookaya, highlights the personal significance of the project’s land, which has been in his family for over 100 years.
- The project’s design includes two 600-foot towers with openable façades and a glass-bottom sky bridge.
- Tribeca Developers is known for its world-class rooftops, and “The Edge” will offer a comprehensive amenities program across four levels.
- The collaboration between Tribeca and Tejukaya has redefined luxury living in Mumbai.
The Tribeca Developers See Quick Success
Known for being the largest global developer of Trump-branded projects and the top developer of luxury residential properties in India, Tribeca Developers has left a lasting impression with its most recent project, “The Edge.” The property sold more than INR 1,000 crores in sales within 30 days of its launch, making it the fastest-selling residential complex in South Mumbai. This incredible achievement demonstrates Mumbai’s rising demand for opulent real estate.
A Notable Place in Parel
Situated in the busy Parel neighbourhood, “The Edge” is a towering 2.5-acre property in the centre of South Mumbai. In Tower 1, the building provides 228 opulent apartments with two to five bedrooms. Pricing for those looking for upscale living experiences range from INR 4 crores to INR 12 crores. The property is ideally located for homeowners to have quick access to all main landmarks and amenities, which makes it a great option for urban living.
Supported by the Redevelopment Policy of Maharashtra
This project’s compatibility with the Maharashtra government’s Cluster Redevelopment Policy is one of its distinctive features. Old, run-down buildings have been able to be transformed into contemporary homes thanks to this project. Its attraction is enhanced by the fact that “The Edge” is one of the biggest projects in South Mumbai to be created under this program. This ambitious project, which represents Tribeca’s introduction into the Mumbai real estate market, has been made possible by the collaboration between Tribeca Developers and Tejukaya Group.
Strategic Partnerships and Financial Support
Tribeca Developers and Tejukaya Group, a family-run company with more than 135 years of experience, established a cooperation in January 2024. Tribeca obtained funding totalling INR 200 crores from HDFC Capital and an extra INR 120 crores from Piramal Capital to guarantee the project’s success. Tribeca has only used less than 50% of the available money despite these huge credit lines, demonstrating the project’s sound financial standing. Tribeca’s cautious approach is a reflection of her faith in the project’s success.
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Visionary Guidance and Heritage
Tribeca Developers’ founder, Kalpesh Mehta, expressed his delight at the project’s tremendous success. He emphasised the company’s dedication to developing iconic homes that redefine luxury. In addition, he thanked the patrons for their confidence and assistance in producing “The Edge” the most significant launch in Tribeca’s twelve-year existence. Mehta thinks that purchasers are still eager to spend money on trophy properties that stand out in the market and that there is a significant demand for luxury homes in India.
An Extremely Private Initiative for Tejukaya Group
“The Edge” has special meaning for Tejukaya Group CEO and Managing Director Pranav P. Tejookaya. His family has owned the property for the project for more than a century, and it formerly supported 730 families in chawls. The project’s success has largely been attributed to Tejookaya’s ability to obtain permits for the restoration of this historic property. Tejukaya Group has been able to preserve their family tradition and advance Mumbai’s luxury lifestyle in the future by working with Tribeca.
Magnificent Style and Top-Notch Facilities
It’s expected that “The Edge” would come to characterise Mumbai’s skyline. The building will be among the tallest in the area with two sparkling glass towers reaching 600 feet into the sky. Every apartment is constructed with the distinctive openable façade of Tribeca, which includes glass railings and full-length sliding windows. As a result, occupants may maximize natural light and ventilation while still enjoying unhindered views of the city.
“The Edge” has one of the most extensive amenities packages in South Mumbai in addition to its gorgeous design. The building features a glass-bottom sky bridge, a singular feature that unites the two towers and provides occupants with an amazing experience. There are four levels of amenities, ranging from recreation areas to wellness centers. Tribeca is renowned for producing amazing rooftops, and “The Edge” will be no different, with one of Mumbai’s most recognizable rooftops.
A Robust Collaboration for Future Achievement
Tejukaya Group and Tribeca Developers’ collaboration has shown to be a successful recipe. “The Edge” has raised the bar for opulent living in Mumbai by fusing Tejukaya’s in-depth understanding of the local market with Tribeca’s proficiency in luxury residential buildings. By combining the greatest aspects of both worlds, this partnership guarantees that the project will live up to its promise of upscale living with a strong feeling of community and history.
Mumbai’s Future of Luxurious Living
Tribeca Developers is set to have an even bigger influence on Mumbai’s real estate market as “The Edge” draws in customers from all around India. The property sold out quickly, which is evidence of the rising demand for opulent residences that give a lifestyle experience rather than merely a place to live. Tribeca Developers is ideally positioned to steer the direction of luxury residential development in India going forward, with an emphasis on design, quality, and client pleasure.
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