Page 114 - Construction & Architecture Update JAN-FEB 2018

DEVELOPER Ashwin Sheth, Sheth Group

Montana is a luxury project in Mulund by leave you speechless!. Avalon is not just about an address. It is
about living your dream life. With the most convenient location
Sheth Group and Emami Group. Spread on the Eastern Express Highway, the residents will enjoy the
over 7 acres, Montana is located on the convenience of being close to Viviana Mall – the best shopping
destination of Thane.
arterial LBS Road in one of Mumbai’s What are the two trends that will define the future

fastest growing suburb. of the industry?
Firstly, while the government has levied a 5% GST on work
contracts for under construction properties, there is a need to
bring the entire real estate sector under the ambit of the bill
to indeed create ‘One Nation One Tax.’ The real estate industry
Sheth Zuri is encompassed with lifestyle amenities such bodies have approached the GST Council to bring the industry
as such as a fully equipped clubhouse with a gymnasium and under the lowest slab of the tax. It will increase the margin
indoor games, a multipurpose hall, swimming pool, senior citizen for developers by eliminating multiple taxes which will then
park, kids’ play area, jogging/cycling track and a multi-purpose eventually get passed on to the end user. If this comes into effect,
court. Every aspect of the project is curated with passion and we can expect an improved ease of doing business, an inflow of
apartments are configured keeping the lifestyle aspect of funds required for the development and better efficiency.
residents in mind. According to a recent industry report, livability and quality of
Sheth Avalon is an ongoing project which will have four life will be the deciding factors for homebuyers. Homebuyers
magnificent towers and mesmerizing views of the Yeoor Hills. are unwilling to compromise on these factors and are willing to
Everything starting from the exquisite sun-decks to the lavish pay a premium for it. Lifestyle amenities and basic services like
swimming pools and multilevel parking lots, spell nothing extra parking slots are becoming a vital factor while choosing a
but supreme luxury. And the sheer grandeur of the sprawling home. New age customers want a lifestyle and not just a home.
lobbies, the stylish French windows, the unique amphitheatre, These two trends are expected to have a snowball effect on the
the most delicate floorings and eco decks with jogging tracks will industry for the better, paving the way for a sound development.

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