Dedicated locality research platform
Dedicated locality research platform
Enter your email address and you will receive
a link to reset your password
The Dynamix Group is gearing up to make a significant mark in the real estate sector with the announcement of their ambitious plan to unveil four distinctive and transformative real estate projects. With a strategic focus on elevating urban living standards and fostering sustainable development, these upcoming ventures are poised to redefine the landscape of contemporary living.
The Dynamix Group was established in the late 1970s under the visionary leadership of its founder, the late Mr. K. M. Goenka. He played a crucial role in expanding and establishing the business as one of the most reputable real estate names in the country. Notable independent projects by the group comprise Parkwoods in Thane, Divum in Goregaon Precinct, Avanya in Dahisar, Astrum in Malad, and the development of the luxurious coastal hill station, Aldeia De Goa at Bambolim Beach, Goa. Each real estate venture by the group has evolved into a hallmark, setting the standards for other developments in the industry.
In addition to its contributions to the residential real estate sector, the group operates one of the largest dairies in India, known as the Schreiber Dynamix Dairy Ltd. in Baramati. This significant dairy facility processes over a million litres of cow's milk daily and collaborates with renowned companies such as Nestle, Britannia, Danone, and PepsiCo to manufacture a diverse range of dairy products.
Dynamix Group intends to channel a substantial investment of Rs 2,100 crore into the Mumbai real estate market. According to Jay Goenka, Director of Dynamix Group, the upcoming financial year will witness the unveiling of four distinct projects, three of which will be situated in the Mumbai Metropolitan Region (MMR), with the remaining one located in Goa.
The company aims to unveil these projects before 2029, with a predominant focus on the residential segment, accounting for approximately 90-95 percent of the proposed development. At present, the company is actively constructing 4.4 million sq ft, with plans to commence delivery next month and conclude the projects within the next four years.
Among the four upcoming projects, two are dedicated to slum rehabilitation initiatives in Malad and Kandivali. The third project will be situated in Mira Road within the Thane district, while the fourth will be based in Goa. Collectively, these projects are anticipated to encompass 2.4 million sq ft of saleable area, presenting a revenue potential of Rs 3,500 crore.
The forthcoming initiatives by the Dynamix Group in the real estate sector are poised to bring forth several benefits for the community. As the group introduces new projects, there will be an increase in the availability of modern, well-designed residential spaces catering to diverse housing needs. These developments will contribute to addressing the growing demand for quality housing options, potentially offering improved living standards and enhanced comfort for residents.
Propscience is India’s dedicated property news portal. We cover the latest events, news, trends, deals, new launches and more.
All our services and tools are completely free of cost and available 24X7!
