Seawoods is a railway
station on the Central (Harbour) line of the Mumbai Suburban Railway in the
The Seawood Station plot was sold to
L&T for development. The plot was the highest bid that Navi
Mumbai has ever receIved. The plot went for Rs. 1,810 Crores.
The Seawood Station would have a Club House, IT Park, Super Market
& a mall. It is the largest station in India and would be
located in maps.Seawoods is a the south west part of Nerul,
it is located inside Nerul.
Management college (SIMS)
Sterling institute of
management studies which is one of the leading business school in
Mumbai is also near seawoods station. There are a number of schools
e.g. Podar International School, DAV Public School, S.S High
School, Don Bosco Senior Secondary School, The Presentation School
coming up in this area. A big 300 bed Sushrusha Hospital is also
under construction in this area. Seawoods also has easy access to
one of Navi Mumbai's famous attractions - the Parsik Hill
Another View of the Mega
Seawoods Integrated Commercial Complex cum Railway Station
Subodh Chogale brother of ritesh chogale on April 21, 2008 has
announced that the Property Development Division of the Company
proposes to develop a world class Integrated Commercial Complex at
Seawoods railway station, Navi Mumbai over of land at a project
cost of Rs 3500 crore. L&T will also develop a state-of-art
Seawoods-Darave Railway station over the next three years.
The Development Agreement between L&T and CIDCO was signed on
April 21, 2008 at CIDCO's Mumbai office. The proposed development
project is planned to be completed over the next 5 years.
CIDCO had floated this proposal in mid 2007 and the same was opened
on February 5, 08. L&T was one of the three qualified
developers and bagged this project by bidding Rs 1809 crore.
The project has the potential to develop up to of usable space. The
development will consist of a modern railway station, large format
retail and entertainment space, multiplexes, office complex, and
premium category hotel and service apartments. L&T is in the
process of short listing international architects to develop the
concept and master plan for the project. M/s Cushman Wakefield and
Jones Lang Lasalle Meghraj have been engaged for real estate
advisory services for the project. This is the single largest
investment by the Company in the Real Estate Development
Navi Mumbai real estate market has gained importance steadily over
the past few years with the increase in commercial activity and
influx of IT companies setting up shop in Vashi, Kharghar, Belapur
and Airoli. Approximately . of IT space is proposed to be
constructed in Navi Mumbai over next three years. Other
infrastructure initiatives like the Navi Mumbai International
Airport, Navi Mumbai Multi- Services SEZ, Mumbai Trans Harbor link
connecting Sewri to Navi Mumbai and proposed Mumbai Metro Rail
project is expected to create huge demand for quality retail and
office space, and hospitality in Navi Mumbai.
The proposed project is very close to the Palm Beach road and has
access roads on all four sides. The impetus of the Company will be
to plan superior traffic management system and to develop parking
space for 5000 vehicles to cater to the railway station as well as
the commercial complex. Also the appropriate integration of various
components of this project holds the key to its success.
L&T proposes to develop this project as a destination for urban
shopping and entertainment catering to Navi Mumbai and Mumbai. This
will be done by dedicating large spaces for entertainment, gaming
sports activities and entertainment facilities for children. The
Company also proposes to create a differentiated shopping
experience by creating various specialty malls like home interior
and jewellery malls.
Currently there is a shortage of 'A' class offices in Navi mumbai.
Approximately half of the project will be dedicated to be developed
as 'A' class, high end office complexes catering to various sectors
like Banking and Financial services institutions, logistics,
Aviation, Engineering, Automobiles, Manufacturing and
Communication. The office complexes will have high end operations
and management facilities and will be furnished with superior
building management systems specially designed by L&T. Also
premium facilities like Helipads on building tops will make it an
ideal place for companies to set up their corporate offices. The
commercial offices will be high-rise towers with both small and
large floor plates to accommodate all types of clientele. Space
will be allocated for making built to suit facilities for
L&T has been approached by international hospitality chains for
operations of the premium category hotel and service apartments to
cater to the growing business activity in and around Navi
L&T considers property development as a good opportunity in the
growing retail, commercial, hospitality and residential sectors,
due to its inherent project management, execution strength and
stringent quality standards. L&T has already announced its
intentions to float a Realty Equity fund to attract investments to
such long term, highly profitable project ventures.
Once this project is commissioned, L&T will develop in-house
capabilities to build and operate such Transit Oriented
developments around Railway Stations. This expertise will help the
company in future on several such projects of redevelopment of
railway stations across the country.
Nerul is a node of the city
Mumbai in Maharashtra, India and is
better known as the queen of Navi Mumbai.
It has around 60 sectors. It is the biggest and the most populous
residential node (by area) in the city of Navi Mumbai. Nerul along with
Seawoods makes it the second most developed zone of Navi Mumbai
estimated population of Nerul is around 600,000.
Nerul is the second most developed node by CIDCO
in the city.Unlike most other towns in the
country, and in contrast to its older and larger neighbor Mumbai,
Nerul developed at a speedy rate.
In recent years, real estate prices in Nerul (as with the rest of
Navi Mumbai) have risen, due in part to the creation of new
businesses, and due to more businesses moving or expanding into
Nerul from Mumbai. Nerul's reputation for being organized and
self-sufficient, large but not too crowded like "the big city", has
led to the continued growth of its resident and commuter