Chandak Groups Paloma

This is our review of The New launch Chandak Groups Paloma project which is located off.Goregaon East in good proximity to Railway Station and Highway.

The Western Suburbs is literally starved for projects offering 1 BHk units by reputed developers and builders.

So the New launch by Chandak Group in Goregoan East is a very good option as its exactly between the Goregaon East Railway station and the Western Express Highway which are both about 3 minutes from the project. This project is very close to the Nirlon Knowledge Park, Oberoi Garden City, Oberoi Commerz, Raheja Infinity, complexes in Goregaon East, which are home today for the largest Multi National Companies and Banks like Citibank, Deutsche Bank, Kotak, Barclays, Haliburton etc. There is a great demand of smaller flats for both sale and lease in this micro location. Goregaon East is the new upcoming CBD in Mumbai today.

Goregaon East is fast growing CBD today, which has immense potential going forward. The Aarey milk colony and the upcoming Goregaon Mulund Link Road, will give an excellent connectivity to people from Mulund to travel to Goregaon East.

This one 1 acre plot of land on which they will be coming up with a single tower of 19 storeys offering 1,1.5,2 2,5 and 3 BHK units.

Chandak Groups Paloma – Bedrooms, Carpet Areas, Built Up Area and Approximate Price in July 2015.

1 BHK – 675 sq.ft with 408 sq.ft carpet – 1.10 cr all inclusive

1.5 BHK – 940 sq.ft with 569 sq.ft carpet – 1.50 cr all inclusive

2 BHK -1040 sq.ft with 630 sq.ft carpet – 1.65 cr all inclusive

2.5 BHK – 1280 sq.ft with 776 sq.ft carpet – 2 cr all inclusive

3 BHK – 1330 sq.ft with 802 sq.ft carpet – 2.10 cr all inclusive

It will offer all basic amenities like swimming pool gym etc.

Possession is due in 2 years.

For further information, site visit or inspection of the property, please call or mail Indu Sadh on 0091 9819311244 – indu@mumbaipropertyexchange.com.

You can view the project on :

www.mumbaipropertyexchange.com/project/paloma-goregaon-east-by-chandak-group/12307

Sunteck City Avenue

We reviewed the Sunteck City Avenue residential project nestled in the upcoming Oshiwara District Centre in Goregoan Wast which is spread over 23 acres.

A Free Hold land parcel offering a complete Luxury Township project with 2 and 3 BHK units.

Construction Partners are L&T.

First phase due for possession in December 17 and the second phase due for possession in December 18.

Key Highlights:

Close proximity to proposed Oshiwara station

10 minutes drive from Lokhandwala

Quick access to Western Express Highway Via New East – West Flyover
Shopping Zones: Oberoi Mall, Inorbit Mall, Infiniti Mall, Mega Mall
Educational Institutions: Vibgyor School, Ryan International School, Gokuldham School, Oberoi International School, St. Thomas School, Patkar College

Recreation: The Westin Mumbai Garden City, 24 Karat Cinema

Healthcare: Western General Hospital, Kokilaben Dhirubhai Ambani Hospital

The MMRDA is going to make 7 new roads of 90 ft width in order to increase the connectivity to the proposed Oshiwara Railway Station.

The Mumbai Metropolitan Region Development Authority (MMRDA) is the special planning authority for the area. The seven roads that the MMRDA has planned will add a total road length of 3,520 metres to Oshiwara.

Besides constructing the roads, the MMRDA will also work on improving infrastructure along the planned project alignment including road-side drains, culvert, and water lines.

“The Western Railway is constructing a railway station ‘Oshiwara’ between Jogeshwari and Goregaon.

Once this becomes operational, this region will become a new residential and commercial hub,” said MMRDA spokesperson Dilip Kawathkar.

For further information, site visit or inspection of the property, please call or mail Indu Sadh on 0091 9819311244 – indu@mumbaipropertyexchange.com.

For more information please visit :

www.mumbaipropertyexchange.com/project/sunteck-city-avenue-ii-goregaon-west-by-sunteck-realty-limited/9355

Lamor by Ahuja Group

Lamor Ahuja Group Mumbai Property Exchange — Lamor Ahuja Group

Lamor by Ahuja Group is Located between Andheri Link Road and S.V Road this project is very close to the upcoming Oshiwara Railway Station and its located very close to Lokhandwala Complex, Andheri West.

It has 2 wings of 37th storeys with spacious 2 and 3 BHK units with all modern amenities.

Keeping in mind its proximity to Lokhandwala area and the rate it offers we feel it’s a good option to be considered as the rates if compared to Andheri West are quite attractive.

They are currently also offering a subvention scheme of 25:75 through ICICI bank.

L’amor is jointly developed with the Ahuja Group and BBJ World wide. It was launched towards the End of the Year 2012 as a pre-launch and it has sold of most of the 2 BHK apartments on Lower Floors. The inventory available for 2 bhk is only on Higher Floors. 3 BHK apartments are available across the project as of now.

The appreciation looks positive as the project price is still humble compared to the other projects in the vicinity and its value for money for people who want to be around the Lokhandwala, Andheri west as an absolute preference and a neccessity.

The area around the project is under development and the next 3-4 years will see a major clearing up of this area as several builders have taken the pockets around this project and will be redeveloping them into upmarket Residential Projects. Its recommended for home buyers looking to be in Oshiwara.

The project completion time is by the end of 2017. The current project price in July 2016 is approximately 12700 psf with floor rise of Rs.90/- per sq.ft.

On the West Side is the Oshiwara and Lokhandwala Complex, on the East Side is the S V Road. On the North Side you face the Wadhwa/Radius Developers – Imperial Heights, where there are C and D wings still under construction. On the South side you see the back side of the Veera Desai Road from higher floor and the view is to buildings like Oberoi Springs.

The location is still upcoming and it is an SRA project.

The approximate price for a 2 BHK goes around 2.40 cr for higher floors, in July 2015.

For further information, site visit or inspection of the property, please call or mail Indu Sadh on 0091 9819311244 – indu@mumbaipropertyexchange.com.

You can view the project on http://www.mumbaipropertyexchange.com/project/lamor-andheri-west-by-ahuja-constructions/6758

Runwal Bliss – New Pre-Launch Opportunity

Runwal Group headed in this particular deal by the young and dynamic Mr.Subodh Runwal who is the younger brother of Mr.Sandeep Runwal has successfully acquired the near 34 Acre land parcel in Kanjurmarg East. The location is very convenient from the Highway and the incoming traffic rush nearly terminates at the Kanjurmarg Junction on the Eastern Express Highway before heading towards Vikhroli.

This location is a developing location and with Lodha Group entering into this location nearly 8 years ago, it changed the face of the Kanjurmarg location with IThink complexes and Lodha Aurum Grande, which is currently priced at around 14000 to 16000 PSF.

Runwal Group has named this project as Runwal Bliss and the first phase will be launched at the rate of 11500/- PSF which seems a fair price for the location considering the large land parcel the occupants will enjoy over the next few years. The planning is simple with 1.5 BHK, 2BHK, 3 and 4 BHK, thus a home for every one.

Another USP of the project is that it has the railway station in close proximity and within a 5 min walk you can take the trains to South Mumbai or Thane or Kalyan.

In 4 Years time, we anticipate that the price in this region will be over 17000 to 18000 PSF as a base price. The current ongoing rates in Powai are in the range of 20000 PSF and above.

Its a new location and yet to be completely developed and has a great scope for a fantastic township with impetus on comfortable housing in 3 phases and we anticipate that the project will be completed in the next 6 to 8 years.

“Buy – For Long Term Investment and Buy for Self Use, you cannot go wrong at this price with the kind of open space around.”

For Preferential Bookings – Research Report – Please call Sandeep Sadh 9820030685 or email ssadh@mumbaipropertyexchange.com

A few of the Media Links covering the Land Sale.

http://www.firstpost.com/business/real-estate/big-land-deals-return-crompton-greaves-sells-34-acre-mumbai-land-to-runwal-for-rs-1015-cr-1983881.html

http://articles.economictimes.indiatimes.com/2014-08-14/news/52807972_1_runwal-group-crompton-greaves-jll-india

http://www.moneycontrol.com/news/cnbc-tv18-comments/crompton-greaves-sells-kanjurmarg-land-for-rs-1015-cr_1154566.html

Coastal Road – A New Challenge or a Dream

As they say, ” There is light at the end of the Tunnel”, same is the case of Mumbai’s infrastructure story. Although a lot has been done over the past few years, but some thing or the other misses at the tail be it final touches, finishing or jam at the end of the new flyover.

The Maharashtra Government has received an inprinciple approval for the Coastal Road which will connect Suburbs (Locations like Kandivili) to South Mumbai may be till chowpatty or some where around Worli we do not know as yet, keeping in mind, we have the Bandra – Worli Sea Link, it be interesting to see the plans which may come up in some time.

The Western Suburbs of Mumbai are choked and jammed due to poor planning, lots of slums and encroachments on the main S V Road etc. East West connectivity is the poorest between Andheri and Borivali with just around 4 flyovers at present servicing the east west connectivity.

A coastal road which will perhaps be along the coast will boost the connectivity to the throbbing suburbs and hopefully with better connectivity, they will be able to decongest the suburbs to an extent. The need of the hour is to open up the coast with Boats, Catamarans, Ferries which perhaps may be a much cheaper to do, but the State Government wants to get into the way of a lot of Environment Challenges, the stretch of Entire Juhu Beach, the Bandstand and the Carter Road.

Let us see what the state has plans.

Please review the following : http://indianexpress.com/article/cities/mumbai/roads-traffic-bridges-get-the-lions-share-in-bmc-budget/

Click here for the BMC Report – http://www.mcgm.gov.in/irj/portalapps/com.mcgm.RTI_GMDA/docs/Costal%20road.pdf

Author – Sandeep Sadh – CEO – Mumbai Property Exchange

The Views and comments are personal of the Author.

Location vs Location

The property market in Mumbai is set for another locational price and demand and supply war.

After the New DCR and specially over the past few months no Developer can complain that he is not getting permission from the BMC as if his files are as per the new norms there is no reason why he should not get permissions to construct.

This has spelt good news for the consumer or the home buyer as each location in Mumbai has something or the other to offer to a home buyer.

The only place we don’t have new construction today is South of Tardeo which is proper South Mumbai.

For further location analysis please visit the research section of our website.

http://www.mumbaipropertyexchange.com/research/consolidated-availability

We do see certain locations having an oversupply and certain locations still have a huge demand.

Overseas Property Buying become easier

Overseas Property Buying is no more a distant dream. With the Government of India giving a relaxation on money to be sent abroad, you can send upto 250000 USD a year.

This will give a good relaxation to people who are looking at overseas property purchase and settling specially to the Gulf.

Interestingly, the Govt of India had curbed the money outflow from India in 2013 to a mere 75000 USD a year and before this new change it was 125000 USD.

The impression with a lot of NRI carry is that the government can change its policy at any time and they cannot plan themselves based on a set outflow each year.

Smart Cities

After the affordable homes, a new concept of Smart Cities has gripped the India Inc. Luckily it’s for real this time with aid and assistance coming from Germany, Spain and USA the three smart cities already announced it looks like reality.

What are these smart cities and what is the vision our Prime Minister Mr.Narendra Modi has for the same is going to be very interesting.

The Smart Cities are made on the platform to provide affordable housing, making it commercially viable with businesses and using information technology to the brink. This will result in a quality life and entrail savings in a family.

In Mumbai there is a fair amount of chance that the new Palava city at Dombivali may get the city status as it has all the infrastructure which a smart city requires.

Financial Planning in Real Estate

Money makes money grow…is a well known saying.

Financial Liquidity to any individual brings in a sense of Security, Confidence and it opens up a box of opportunities. We have all been there and done that as to what can we do with Money in the Bank. Hence, a smart financial planning in real estate is essential.

Mumbai Property Market has always been under some stress or the other either be it Government Permissions, Rules Changing, Rules Flaunting or just an over commitment by the developer.

The issue here is that, whatever the problem may be, or who ever the source, only you have to suffer end of the day after paying the down payment and then endlessly waiting in despair without any clarity, transparency or a future course of your construction of your property. The costs today to buy a property today are exorbitant and hence even a small 1 BHK in Borivali is costing your around 80 Lacs. Imagine getting stuck with that kind of money and not having possession and if you have taken a loan or used a bank to pay the interest or the Emi then in any delay in construction boils down on your head.

As Equity markets and Economy grow, the tilt of the Investor remains towards easy and quick returns, where ever he can make easy money. But with shaking sensex the returns are skewed and unpredictable.

Real Estate on the other hand with Structured Schemes gives you Multiple Benefits.

1. A tangible asset where you can live and secures your family future.

2. What ever we may say about equity and investment once you are in your bedroom or living room or the balcony, it gives you a sense of pride and confidence when you are in your own home.

3. Gives you perennial tax benefits not just the year you buy the property but continuously for 15 to 25 years.

4. If you have taken a Bank Loan for your investment and you have rented your property then your entire rent can be set off against the EMI paid, thus giving you substantial tax savings.

5. Structured Schemes like 20;80 kinds give you the liquidity to use your personal equity efficiently.

For more details and Financial planning please feel free to call us on 9820030685.

Sandeep Sadh

Pre-Approved Home Loan benefits for Home Buying

When ever we speak to a home buyer for a home loan, the answer is let me finalize the property first and then we will apply for the loan.

In ideal scenario, you should get this home work done as this gives you the added confidence about buying a property well knowing in advance that you are entitled to an X amount as a Home Loan and you will have a Y amount as an EMI to pay every month or year. With a lot of paper work, CIBIL checks etc. you should not be under double pressure when you are buying a property.

A few developers even give a benefit in price if you go with a pre approved sanction letter. Imagine you paying around 11236 for a sanction and you walk away with upto 10 times as a benefit upto Rs.1,12,360 as discount from our New Property Buying – Get it Right – Series offers by select developers.

For further details please feel free to call me on 9820030685 or email ssadh@mumbaipropertyexchange.com