Mumbai’s skyline is set to witness a historic transformation with the announcement of a twin tower project that will create the city’s tallest residential structure. The second tower of the Aaradhya Avaan development, located in the upscale Tardeo neighbourhood, is poised to surpass the height of the already ambitious first tower, setting a new benchmark for luxury living in the city. Standing at a towering 306 metres, the twin towers will redefine the skyline when completed in 2028.
The announcement of the second tower comes just months after the successful launch of the first phase of the development. The first tower, which is slightly shorter, made waves in the market when it was unveiled in 2024. With most of its inventory sold out within a short span, the developer has fast-tracked the launch of the second tower, underlining the strong demand for premium properties in Mumbai’s luxury real estate sector. Despite the growing competition in the luxury housing market, the first tower’s success signals a robust appetite for high-end living spaces in the city. Experts attribute the rapid sales velocity in key localities like Tardeo to the city’s status as a global financial and cultural hub, which continues to attract both domestic and international buyers. The price point for the first phase of the development was set at Rs 69,000 per square foot, but with the launch of the second tower, the developer is expected to increase the starting price by 15%. This price hike reflects the growing value of properties in the area, with newly completed homes nearby already fetching Rs 1 lakh per square foot. With a revenue potential estimated at Rs 3,000 crore, the second tower is positioned to generate substantial returns and further elevate the area’s reputation as a premium residential enclave.
While the luxury real estate market in Mumbai continues to experience a surge in new inventory, the abundance of housing options has led to longer timelines for converting prospective buyers into actual customers. In a market flooded with choices, decision-making has become more deliberate, and sales cycles have lengthened. However, demand for top-tier properties in prime localities remains strong, particularly as buyers increasingly seek exclusivity and high-quality living environments. The second tower of the Aaradhya Avaan development, alongside the first tower, will contribute to an ongoing shift in Mumbai’s luxury housing market, which has seen a rise in eco-conscious buyers. As part of the broader trend toward sustainability, the developer has committed to incorporating green building features and environmentally friendly technologies into the design. These measures are expected to align with the city’s growing focus on creating more sustainable and energy-efficient urban spaces.
With construction expected to take another few years, the twin towers will likely become a symbol of Mumbai’s architectural ambition and the city’s evolving luxury real estate landscape. As the market adapts to new challenges and opportunities, developments like Aaradhya Avaan will continue to drive the future of urban living, offering a glimpse of a more sustainable, high-end residential future for India’s financial capital. The developer’s decision to launch the second tower earlier than planned is a clear indication of their confidence in the continued strength of Mumbai’s real estate market. While other segments of the housing sector may face slowdowns due to the oversupply of inventory, luxury properties like the ones in the Aaradhya Avaan development remain highly sought after, driven by Mumbai’s status as a global metropolis and a magnet for wealthy buyers.
As Mumbai continues to grow upward, the twin towers of Aaradhya Avaan will be a defining feature of its skyline, setting the stage for even more ambitious projects in the years to come.
