Mumbai’s real estate developer, Group Satellite, has launched `Aarambh’, an accessible housing project at Malad east at Mumbai in Maharashtra.
Aarambh will have 1,200 apartments, of which 1,000 are 247 sq ft one BHK units at Rs 45.45 lakh onwards. Another 200 units will be occupied by project affected tenants being built free of cost.
Non-banking Finance Company Larsen & Toubro (L&T) Finance Holdings has extended a loan of Rs 300 crore towards three projects of Group Satellite of which Aarambh is the first.
The Group will develop over 2.5 million sq ft of residential real estate over the next five years.