Royal Palms launches one more office project

News Posted - 2010-02-23

Buoyed by the encouraging demand, Royal Palms Estates has recently launched one more small office project called Mastermind V with sizes ranging from 400 sq ft to 1,000 sq ft each. Commercial spaces are available in the booking stage, where customization to suit end-users’ requirements is possible.

Such offers combining additional facilities like hotels, clubs, serviced apartments etc. at a price of Rs 2,999 per sq ft come as a boon for start ups. Royal Palms has sold over 120,000 s ft of commercial space comprising of small offices between August 2009 and now.

Royal Palms Estates is spread over 240 acres of land in the western Mumbai suburb of Goregaon. There are about 1,600 offices operating from the estate and the company plans to add another small 1,600 offices by 2013. Thus, Royal Palms shall have almost 20 lakh sq ft of area dedicated to small sized commercial space by 2013. Similarly, after successfully launching small office projects in Andheri, Bandra and Vile Parle, Akruti Developers, a leading Mumbai based builder, has now launched small office projects in Thane and Gujarat.

Marathon Realty too has got into the act to tap the demand for small offices by launching small office projects at Mumbai’s Lower Parel, which is a major commercial hub. Marathon’s office spaces start at 800 sq ft and go up to 2000 sq ft per unit which can attract SMEs and small-set ups which generally operate from industrial galas.

Source: 23/2/10