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

It’s Raining – Forest Land in Mulund

Mulund also fondly known as Prince of Suburbs is in for a great activity in coming days. With Oberoi Realty, Runwal and Nirmal Lifestyle now getting a clean chit from the Supreme Court to go ahead and develop their respective properties, which earlier fell in the Forest Zone.

Mulund as a micro market has a lot to gain with this as a lot of people like to reside in the city limits of Mumbai and there is a virtually a very short distance between Mulund and Thane.

The most important thing which all these lands offer is the Greenery around the location and the very fact it is closer to the hills it offers scenic views which are not found otherwise in most of the suburbs across Mumbai.

With property prices in Mulund scaling above 11000 mark, it will be interesting to see the kind of mix of configurations the developers come out with and how quickly who will launch will be the biggest beneficiary as the absorption levels in Mulund may be quiet less compared to a Borivali or Thane because it is tucked away in one corner.

Also, the infrastructure impact in Mulund is limited and the only one road which has yet to make in roads is the Mulund Goregaon Link Road. Once the same is done, then there could be a great convergence as the Western Suburbs will then connect well with the Eastern Suburbs.

Ideal configurations for Mulund would be 1, 1.5, 2 and smaller 3 BHK.

Sandeep Sadh

Mumbai Property Exchange Pvt Ltd.