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 –

You can view the project on

Mumbai Lease markets to grow by 10-15%

Mumbai is the financial capital of India and nearly most of the Fortune 500 Companies and India’s top Corporate Houses have a base here in some form or the other. With Real Estate prices becoming higher and reaching the highest peak point it may be difficult for a lot of people to buy property here.

For instance, if some one is looking to buy a house in Mumbai, and the approximate budget is say 1 CR and he is Salaried then the following are the financial needs.

Assuming he goes for a ready possession home, he has to pay.

Around 30 Lacs Down Payment which includes 20% Down Payment, 5% Stamp Duty, 1% Vat, Rs.35000/- Registration and 3.09% Service Tax etc.

Balance Rs.70 Lacs Loan will cost him approximately Rs.75,000/- as EMI per month Which typically means, the Individual or even considering a Business Man, Salaried Employee, even with a spouse working, must earn close to Rs.150,000/- per month to survive the next 10-20 years.

Owing to this the current market is reeling under pressure and also in coming times the lease rental market will grow at a healthy place. The current returns in the real estate market are around 3 to 5% depending on where your apartment is.

A few indicative capital values and the rents today :

1. Oberoi Splendor – Jogeshwari East – Capital value – Rs.2.50 to 2.75 CR – Rental Value – Rs.65,000 to Rs.80,000/-

2. Oberoi Springs – Andheri West – Capital Value – Rs.2.75 to Rs.3.25CR – Rental Value – Rs.75,000/- to Rs.100,000/-

3. Lodha Bellissimo – Parel – Capital value – 9 Cr + Rental Value – Rs.225,000/- to Rs.300,000/-

4. Raheja Vivarea – Mahalaxmi – Capital Value – 12 CR + Rental Value – Rs.300,000/- to Rs.375,000/-

It has also been witnessed that in the current market scenario the Exclusive properties are yielding a return of around 2% on the current market value, however, most investors or home buyers have bought the property at least 30 to 60% cheaper or more and hence the returns come to around 5 to 7% or even more in cases where apartments are done up well and given to Expats.

The moving ticket size is the 1 and 2 BHK Transactions in any suburb today, where in the rent values start from a mere Rs.7000/- going upto Rs.40,000/-

The lease markets over the years is poised to grow and Mumbai Residential Lease market will continue to see a robust growth.

Sandeep Sadh – CEO – Mumbai Property