July 10, 2014 - Lodha Palava
Central Business District
Job opportunities are very important for a city to sustain its citizens. When a Industry is setup in a particular area more people come to live in that place. More people live in a particular area other customer driven sectors like bank, retail and healthcare flourish in that area. Then even more people come and live in that place. Industries are a driving force for people to move from one place to another. Industries directly or indirectly employ peoples from different background. The industries can be manufacturing, research and development, IT, etc.
In order to attract industries and business into Palava City, Lodha Group is developing a Central Business District (CBD). This CBD will be on Sector 1 and Sector 2 of the new Phase 2 of Palava City. Sector 1 will be entirely IT hub where as Sector 2 will be for business of other sectors. Lodha Group has kept aside 100 acres for this purpose. 50 acre of this plot is there in Ambernath Pipeline Road which will come up in the second phase whereas the remaining 50 acre of CBD will come up in the third phase of Palava City. The third phase is proposed for later development of Palava City.
The different CBD’s in Mumbai are in South Mumbai, Bandra-Kurla Complex (BKC), CBD Belapur, Vashi and Mahape MIDC. There are small CBD’s in Airoli in Navi Mumbai and also in Malad. Companies are already shifting from South Mumbai to Greater Mumbai and Navi Mumbai to cut down their lease expenses. The CBD in Palava City would be of great help for the ever increasing office spaces in Mumbai. Lodha Group has already signed a pact with Tata Consultancy Services (TCS) for setting up their offices in this place. They are in talks with other companies like Accenture, Wipro, Capgemini, etc. The construction of the CBD will be started in some month’s time. Once operational the CBD will generate more than 3 lakh jobs for the residents of Palava City.
The CBD will be of great boom for Palava City. Once operational it will boost property prices in this locality. More than 4 lakh people will be employed directly and indirectly in Palava City. Investors can rent out their apartments to the people working in this CBD. Lodha Easy Lease can find you a tenant for your apartment. It is a free service from Lodha Group and is applicable for people having flats in Palava City.