Lodha Group launches New Cuffe Parade
The Lodha Group has announced the launch of New Cuffe Parade. Located in the new MMRDA development near IMAX Dome on the Eastern Freeway in Central Mumbai, the project will be part of the 250-acre land bank being honed into a definitive city centre.
With its strategic location at the monumental meeting point of the monorail, the metro rail and the Eastern Freeway, the destination will also be the first to offer high-speed connectivity to every part of the city as well as important emerging centres of the future, the company said.
Spread across an area of 23 acres, the company said, New Cuffe Parade will entail a whopping investment to the tune of over Rs10,000 crore over the next 5-7 years, making it one of the largest private investments in the MMR region.
New Cuffe Parade in its first phase will consist of a pair of 63-storied elegant towers, with 15 acres dedicated to lush green spaces, making this Mumbai’s greenest development. During its construction period, the project will generate over 12,000 jobs on a permanent basis and over 10,000 jobs annually.
New Cuffe Parade, exclusively developed by the Lodha Group, has the potential to harness all these merits of the city centre proposed by the MMRDA. Primary among the merits is the centrality of location, with a rare confluence of the Mumbai Monorail, Metro and Eastern Freeway.