October 7, 2025: Real estate developer TRU Realty has announced the launch of Spectrum Life, a residential project in Santacruz, Mumbai, with an investment of Rs 110 crore. The project, situated on a freehold parcel in Santacruz, is expected to generate a revenue exceeding Rs 200 crore by 2030.
Developed in collaboration with infrastructure and hospitality major Shrem Group, Spectrum Life spans half an acre, comprises two towers and 50 residential units. The project is located on Relief Road, which will serve as a major link to the upcoming Bandra-Versova Sea Link, offering smooth access to Nariman Point in South Mumbai and Versova in North Mumbai.
Sujay Kalele, CEO of TRU Realty, said, “For today’s buyers, a home is not just a residence but a statement of lifestyle and ambition. We have designed Spectrum Life to deliver premium living standards with absolute transparency and innovation, while ensuring it reflects the aspirations of professionals who demand both comfort and connectivity.”
With home prices starting at Rs 2.92 crore, Spectrum Life will offer 2, 3 and 4 BHK residences aimed at top executives, professionals, young achievers and the global citizen consumer base looking to secure a home in Mumbai’s luxe corridor at competitive prices. Pre-bookings have already begun with possession expected by 2028.
The launch comes against the backdrop of rising premiumisation in Maharashtra’s housing market. According to a recently released joint report by JLL and NAREDCO, the share of premium housing in total launches in the state rose from 43% in 2022 to 59% in 2025. Earlier, JLL India data had indicated that properties priced above Rs 1 crore grew by 10% year-on-year in Q1 2025, outpacing the broader market. In the same time period, 96% of sales were concentrated in the premium (Rs 1–5 crore) range in the Mumbai Metropolitan Region.
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