TRU Realty Unveils ₹200-Cr Spectrum Life in Santacruz as Premium Housing Surges in Mumbai

Mumbai, October 7, 2025: Emerging real estate developer TRU Realty has announced the launch of Spectrum Life, a premium residential project in Santacruz, Mumbai, with an investment of INR 110 crore. The project, situated on a rare freehold parcel in SantaCruz, is expected to generate a revenue exceeding INR 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. Planned amenities include a two-level basement for parking, a 1,600 sq. ft. gym, a 2,000+ sq. ft. multipurpose hall overlooking the pool, and a 5,000+ sq. ft. sky garden. Notably, the project will feature the largest residential pool in the vicinity, designed as a standout community space.

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.

Commenting on the idea behind the project, 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. Our vision is to create a community that matches the pace, energy, and global outlook of its residents.”

With home prices starting at INR 2.92 crores, 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 per cent in 2022 to 59 per cent in 2025. Earlier, JLL India data had indicated that properties priced above INR 1 crore grew by 10 per cent year-on-year in Q1 2025, outpacing the broader market. In the same time period, 96 per cent of sales were concentrated in the premium (INR 1–5 crore) range in the Mumbai Metropolitan Region.