Mumbai: Shapoorji Pallonji Real Estate to market Minerva’s remaining flats

NEW DELHI: Shapoorji Pallonji Real Estate (SPRE) has been appointed by Lokhandwala Kataria Construction as a project marketing consultant for the ‘Vantage’ series of residential project – Minerva situated in Mahalakshmi, Mumbai.

Minerva is 91-storeyed and over 300-metre-tall high-rise building having 372 apartments of which 200 units are already complete. The project has received part OC up to the 51st habitable floor, and over 200 home buyers will soon be moving in. The rehabilitation component of the project is also nearing completion.

Designed by Hafeez Contractor, the Vantage series includes 4-BHK apartments starting from the 54th floor upwards. With a saleable area of 11.6 lakh sq feet, a revenue potential of over Rs 1,500 crore is expected from the remaining inventory.

The project, which was launched in 2010, is financed by Indiabulls Housing Finance and PAG, a APAC-focused investment firm.