Rhythm Realty: Being a Part of Lonavala’s Growth Story

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Center 1, Rhythm Realty’s swanky commercial property in Lonavala, Maharashtra’s premier hill station is the latest addition to the picturesque landscape of the dusty town. Rhythm Realty is proud to announce their first commercial property in a market that is growing very rapidly and attracting crème de la crème customer base from surrounding metros like Mumbai and Pune.

Lonavala, MH, India, March 07, 2014 -(PressReleasePoint)- Gone are the days when all business was concentrated in big cities and metros, when rural India had to migrate to nearby cities in search of a better future and entrepreneurs were nurtured in cities only. Satellite cities and towns as well as growing hill stations which house second homes are the center of blooming business.

Lonavala, around 100kms away from the main city of Mumbai and equally away from Pune is one such apt example. Over the years, the hill station has been a haven for monsoon revelers from both the cities who wish to enjoy the monsoons as they were meant to be and not in the dirty filthy manner as they are felt in hearts of the cities. Families in the 80s & 90s thronged these twin hill stations aka Lonavala-Khandala. So much so that songs were written about its winding Ghats and scenic beauty as well as about the mesmerizing rains it experiences.

Lonavala today has grown into a commercial hill station unlike Amboli or Igatpuri and is also a place where a lot of city dwellers find peace in their latter days in the form of retirement homes. Lonavala has also seen an increasing number of people from these cities buying second home or weekend home properties, mostly for personal use and some for investment. The real estate market has received quite a boost due to all this extra attention that the city is getting.

The commercial real estate market too is getting pricy out there. With an increasing number of upper middle class to upper class city dwellers shifting their bases to the hill station, there is an increasing need to give shopping facilities to them. The bazaarpeths or bazaars of Lonavala are proving inefficient to the needs of these city bred since they are accustomed to buying from malls and supermarkets. This has really given a boost to the commercial real estate of the area.

Sensing this upsurge well in advance, Rhythm Realty, Mumbai’s trusted Realtors invested in commercial property in the city. Right in the heart of the city is the Center 1 Mall. Bang opposite the famous Kumar Resorts, on the Old Mumbai-Pune Highway is this upcoming commercial property that will change the way Lonavala residents will shop.

This two storeyed commercial complex will house restaurant chains, supermarkets, consumer goods and much more. With ample parking space and strategic location, Center 1 will be Lonavala’s first Shopping Mall. A lot of commercial property for sale is available in this upcoming venture of Rhythm Realty. The construction is almost complete and already a lot of food chains and supermarkets have shown interest in the project.

So the next in Lonavala and want to have a hankering to eat in a McDonalds or buy from a Hyper City, do not feel out of place, Center 1 Mall is the destination.

About the company:
The Rhythm Group was established in 1988 by the Chairman Mr. Ashok Jatia. Historically, the Group has been involved in several businesses including international trade of metals and garments manufacturing. Since the early 2000's the Group has been involved with real estate activities through land and property acquisitions in various parts of Mumbai, Lonavala and Pune. Mr. Ashok's two sons Mr. Vaibhav Jatia and Mr. Ashish Jatia (both of whom are graduates of the prestigious Wharton Business School in USA) left their respective professional careers in the field of Real Estate Private Equityto join the family business and build a real estate development business commencing with projects on land parcels already held within the Group.
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Press Contact:
Vaibhav Jatia
Rhythm Realty
3, Krishna Mahal, Ground Floor, 63
Marine Drive, 'D' Road
Mumbai, MH 400020
+91 22-22811775
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