MUMBAI: Two Parsi-owned bungalows, that are a part of two housing societies within the prime Perry Cross Highway space off Carter Highway in Bandra (W), shall be razed and redeveloped by Supreme Common.The early twentieth century bungalows, Gladhurst and Kavas Lodge, are on land belonging to Wavelash and Sunbeam societies. These are the most recent in an extended listing of bungalow properties that may go underneath the hammer. A slew of previous Bandra bungalows have been demolished and changed by luxurious towers.Supreme’s Sunny Bijlani instructed TOI plans are afoot to construct 2 luxurious towers with each flat having a non-public terrace. “This 1-acre plot is the biggest on the Carter Highway shoreline,” he stated, including the sale potential of the undertaking is about Rs 1,500cr. “Envisioned as one of many tallest towers within the neighbourhood, the event will provide expansive ocean views and residences designed round privateness, open areas & lifestyle-led experiences,” Supreme stated in an announcement.The 2 bungalows have 4 Parsi tenants, who’ve signed separate agreements with the developer.In Bandra (W), bungalow properties are essentially the most wanted. Final month, actor John Abraham purchased a Parsi-owned bungalow inbuilt 1926 at St Martin avenue for Rs 84 crore. Nevertheless, it’s realized that the actor plans to retain the bungalow, and never demolish it.In June final, Franklin Home, an Edwardian-style bungalow inbuilt 1920 on St Auxilium Highway within the upscale residential enclave of Pali Hill, was purchased by Facet Realty’s Mohit Kamboj. Work has already begun to construct a high-end luxurious tower. And final yr, JSW Realty, a part of the $24 billion JSW Group, signed a growth settlement with the Gore household, which owns the half-acre, heritage-listed Taj Villa close to Otters Membership on Carter Highway. JSW will restore the Thirties-built villa and construct a luxurious residential tower behind it.
