Mumbai’s real estate sector is on the cusp of a significant transformation as Arbour Investments announces a noteworthy INR 50 crore investment in ‘The Altitude’, a premium residential project being developed by the VDV Group. Situated in the prestigious Tardeo area, directly opposite the iconic Imperial Towers, this ambitious venture promises to set new benchmarks in luxury living.
Designed as a 41-storey high-rise, ‘The Altitude’ aims to blend opulence with practicality, featuring a mix of luxurious residential units, commercial spaces, and a dedicated car parking tower. Residents will enjoy an array of high-end amenities, including an infinity-edge swimming pool offering breathtaking views of the Wellington Club, a terrace barbecue pavilion, and a sky lounge with a star-gazing area—all conceptualised by a renowned luxury hotel designer. The project’s strategic location on Ratan Tata Road ensures easy access to key commercial and social hubs, making it an attractive proposition for potential buyers. The development’s proximity to major arterial routes, including the recently inaugurated Western Coastal Road and the Haji Ali junction, facilitates seamless connectivity to prominent business districts such as Lower Parel and Bandra-Kurla Complex (BKC), alongside popular leisure spots like Kamala Mills and Palladium Mall.
The collaboration between Arbour Investments and the VDV Group is a potent mix of expertise and reputation. Arbour’s proficiency in real estate investment and development aligns well with VDV’s established history of high-quality construction across Mumbai, including successful projects in Bhandup, Kurla-Nehru Nagar, and Thane. VDV’s track record also includes delivering 300 affordable homes in the Mumbai Metropolitan Region, showcasing their commitment to diverse housing solutions.
A spokesperson for Arbour Investments expressed optimism about the project’s prospects, revealing that initial sales receivables already exceed 3.5 times the first tranche of investment. This robust financial backing, underpinned by personal guarantees from promoters and rigorous project oversight, aims to significantly reduce completion risks. To enhance sales efforts, VDV Group has partnered with BLOX, a leading Proptech firm, to act as the exclusive selling agency for ‘The Altitude’. This strategic alliance is expected to focus particularly on the innovative 14-foot-high Manhattan-style Sky-loft apartments, appealing to the modern buyer’s desire for unique, upscale living environments. From a sustainability perspective, ‘The Altitude’ is set to incorporate eco-friendly design principles and materials, reflecting a growing commitment within the real estate sector to sustainable development practices. The project aims not only to elevate luxury living but also to contribute positively to the urban environment, enhancing the quality of life for its residents. As the project progresses, all eyes will be on ‘The Altitude’ to see how it influences Mumbai’s luxury property market and meets the evolving expectations of discerning buyers.