Apollo Global exits Mumbai’s luxury project

Apollo Global Management, a giant private equity player which had invested Ahuja Constructions’ premium luxury residential project in the plush Worli area of Mumbai, has sold its entire stake for a massive profit. Six years ago, Apollo had bought 49 percent rights in Ahuja Towers, a 53-storey residential high-rise for Rs. 200 crore and has sold it for Rs. 460 crore.

Apollo, which is listed on the NYSE, managed a portfolio of $163 billion across its PE, credit and real estate funds and other investment vehicles as of March 2015, making it one of the major global alternative investment management firms.

Its focus on Asia real estate comes as global real estate investors like the US-based Blackstone and Singapore’s GIC are aggressively purchasing commercial assets in India and neighbouring countries. Earlier this year, the giant set up real estate PE platforms in Asia with offices in Shanghai, Hong Kong and Delhi, among other cities.

Ahuja Constructions Launches O2

Recently, one of the Mumbai-based real estate developer, Ahuja Constructions launched its brand new luxury residential project at Sion suburb, Mumbai. This new residential project O2 is strategically located at Sion, Priyadarshini Park and this location is one of the most prominent locations in all over Mumbai. Apart from that this project is also equidistant to the Eastern Freeway Santacruz -Chembur Link Road, Eastern Express Highway and BKC. It is also only few kilometers away from the business centres, malls, finest hotels and other premium enterta­inment hubs.

About O2 Residential Project:

O2 residential project is located in the heart of Mumbai at Sion suburb. This 19 tower residential project is spread o the area of 2.5 acre with total 310 apartments spread across 6 wings. Here you can find different size of apartments as per need such as; 3 BHK with 1,660 sq ft size, 2.5 BHK with 1,320 sq ft and 2 BHK with 1,130 sq ft to 1,230 sq ft area. The base price for apartments are Rs 14,499 per sq ft, however; the apartments cost is about Rs 1.65 crore onwards. Currently, project is in under construction and it is expected that till December 2018 apartments will be ready for possession.

Advantages with O2 Project:

The significant advantage this residential project is that it will provide hassle-free connectivity with all over city, no matter you want to access the domestic or international airports at the other end, Bombay-Pune Express way, Navi Mumbai or any other place. Apart from that location will also provide great connectivity will all the other premium destinations such as; Nariman Point, Bandra, Andheri, Ghatkopar, Thane and Worli. According to officials O2 project has an oasis of nature in an urban setting as it is providing vibrant life style with tapestry of experiences. Apartments in O2 project will provide both luxury as well as safety to the buyers. Project has G+19 storey tower with 310 apartments spread across 6 wings with lavish 3 BHK, 2.5 BHK and 2 BHK apartments with sunshine¸ modern conve­niences, fresh air and all the other essential amenities to live comfortable life, the company claimed.

All the modern amenities at this new residential project will include multipurpose court¸ clubhouse, spacious designs, indoor games room, swimming pool with kids’ pool at a height of 70 metres, library, outdoor space for yoga, open air party deck, gymnasium and ample parking space. You will find an air conditioned lounge in grand entrance lobby with separate elevators for each wing. Apart from that this project is also offering a lot of green space, charismatic aroma garden with sculpture garden and landscape garden at podium and terrace with children’s play area and senior citizens’ area.

If you are ideal destination lovers ad love to enjoy metro city life at weekends or evenings, so with emphasis on contemporary architecture and quality construction, O2 is one of the best residential project in all over Mumbai, said Gautam Ahuja, MD of Ahuja Constructions.