#Under Construction Projects in Borivali East

[houssed]

Exciting Under Construction Projects in Borivali West - Houssed

New Residential Projects in Borivali West, Mumbai

About Borivali West, Mumbai

Borivali West, a diversified neighbourhood in northwest Mumbai, is home to a large Gujarati community, followed by East Indians and tribal people. Under construction projects in Borivali West are poised to redefine the skyline of this bustling suburban neighborhood, offering promising opportunities for investors and homebuyers alike. The area is made more appealing by landmarks like Fish Park, Mandapeshwar Caves, and Sanjay Gandhi National Park. Borivali West is a desirable neighbourhood for property investors and buyers due to its developing social and physical infrastructure, reasonable real estate prices, and advantageous location. Borivali West, rated 4.3/5 for safety and 4.5/5 for connectivity, is one of Mumbai's best areas to invest. There are several alternatives, with more than 600 properties up for sale and more than 90 for rent.

Why Should You Invest in Borivali West?

With an average pricing rate of about Rs 28,300 per square foot and an expected 9.3% annual price growth, investing in Borivali West promises excellent returns. Additionally, this region offers a variety of property selections that grant access to first-rate amenities. Romell Serene, Creative Vrindavan, Rishabraj Agnel, Gurukrupa Shiv Sagar, Shivoham Avyukta Neelkamal, Arkade Crown, and The Goyal New Abhiram CHSL are a few notable ongoing and completed projects. Borivali West's real estate market is being actively shaped by well-known developers like Aditya Developers, H Rishabraj Realty, Pranav Constructions Pvt Ltd, Unique Shanti Developers, and others.

Price Trend of Borivali East

Given below is the statistical data to understand the property rates in Borivali West ;

Years (Apr-June)

Price rates per sq ft

2019

Rs 24,700

2020

Rs 25,350

2021

Rs 25,090

2022

Rs 26,400

2023

Rs 28,170

Disclaimer: The above-mentioned price rates are taken from different sources and do not reflect the actual price trend. The prices depend on the offered location, developer and amenities.

Top 5 Reasons to Invest in Borivali West

1: Diverse Transportation Hubs

The distance of Malad Metro Station is around 6.6 Km, and the distance of Charkop Metro Station is 4.8 Km from Borivali West.

From this location, the railway station of Borivali is 4.4 Km, and Krishnagiri Railway Station is 5.6 Km.

BEST Depot is just 1.3 Km from Borivali West, Gorai Bus Depot is just 1.8 Km away, and Sukurwadi Bus Depot is 4.4 Km away.

Via Western Express Highway, Chhatrapati Shivaji Maharaj International Airport is approximately 21 Km from Borivali West.

2: Alluring Infrastructure

Borivali West is home to many amazing social infrastructure, including various top-class educational centres, hospitals, banks, ATMs, restaurants, bars and much more.

Educational Institutes

Hospitals

Restaurants

Gokhale College

Palkar Hospital

Aura Restaurant

Don Bosco High School

Sushrut Hospital

Utsav

Himalaya High School

Shree Ganesha Hospital

Tea One

Our Lady of Remedy High School and Church

Rajendra Maternity and Surgical Nursing Home

Soda Planet

3: Upcoming Lucrative Projects & Developments

The cultural and historical landmarks add to the attractive factors of this area, which ultimately makes it a desirable place to invest. Some of the heritage locations include the following:

JPV Adinath

Shri Mahavir Krupa Chsl Ltd

Ashirwad Trevi

Modispaces Ganges

Chitalia Jaykant Bliss

Daivi Eterneety

4: Nearby Job Opportunities

Borivali West is well-known for several amazing factors, and one of them is being a home for numerous corporate offices and multinational corporations.

Canada Associates is located in MHB Colony, Gorai Nagar and it is just 2.9 Km away from Borivali West.

Raj Infotech Solution is only at a 15-minute distance from Borivali West via Western Express Highway and it is at a distance of 8.1 Km.

Several MNCs like Procentris India Private Limited, PNS Technology Pvt Ltd and more are also located very close to Borivali West, offering a wide range of job opportunities.

5: Expected Future ROI

Regarding price rate appreciation or depreciation, the rates for property in Borivali West have altered by approximately 9.3% in the last year, 13.2% in the last three years and 50.9% in the last ten years. Also, the builder price rates in Borivali West shifted by 8.0% in the last year, and for the last three years, it has been 14.0%

[shrus3758]

Things to Know Before Looking for Under Construction Projects in Borivali East

Purchasing property is difficult, lots of thinking and reasoning ought to be done before choosing a home. The first decision you ought to take is whether or not to buy a home or lease it owning a house provides a feeling of pride so we can adorn in accordance with our choice.

Since its founding, V. K. Lalco Group (VKL) has constructed over 40 buildings and has expanded to own over 200 acres of land in Mumbai. VKL is currently developing over 400,000 sq. ft. in Borivali and Dahisar, making it one of the Real Estate Developers in Mumbai in Mumbai. Know more in detail 1 BHK Flat for Sale in Dahisar.

Having taken a final decision to purchase a house there are a lot steps that are to be taken in particular order to ensure we might not get cheated and find yourself making a wrong choice. We should check our budget and make a decision either to purchase a home in the city or its suburbs.

Frequently the homes in the suburbs are less costly compared to homes in the cities. Residing in cities means shorter distances to place of work and leisure centres like parks, malls and theatres. Usually the houses in cities near roads are noisy if one is sensitive to the noise may deprive him of his sleep. The homes in the suburbs are relatively peaceful and one might have to travel long distances for place of work and leisure centres.

Having made the selection between suburbs and the cities one should make a decision about purchasing the kind of house as numerous kinds of houses can be found in the marketplace. There are single houses, apartments, town houses and large mansions are accessible for purchasing. In an apartment we can't alter the exteriors and these controlled by associations.

There are a lot more benefits of residing in an apartment, the exteriors the commonplaces, their repairs and maintenance is looked after by the associations. Many leisure facilities like swimming pool, gymnasium, jogging tracks, and sports room may be provided in the apartments and the maintenance and care is taken care by organization.

Single homes and mansions usually the houses are divided so we can furnish the exteriors and the interiors in accordance with our choice. There is more privacy these houses are costlier than other kind of houses.

Having made the selection about kind of the home we ought to contact the home and property agent of repute who will signify our interests often these folks represent the vendor and therefore are considering their very own commissions. He will show us many houses then one could get unclear about making a choice. One wise decision is to take a camera and photograph the homes. The pictures may be reviewed at your home in making the right choice. Alternately professional's help ought to be taken for inspection of the house. Finance could be arranged by pre-approved or pre certified mortgage of the home.

V. K. Lalco Group is currently developing over 400,000 square feet of Real Estate in Mumbai, Lonavala, Bangalore and Pune. It has developed over 1,500,000 square feet of residential and commercial property across the world since the early 1950s. Know more in detail about Under Construction Projects in Borivali East.

Initially seller makes an agreement to sell the home and also the buyer deposits some money with him. On the closing day the purchaser makes the full payment and acquires the key of the home and gets ownership of the home transferred in his name.

[vklalco-blog]

Things to Keep in Mind Before Buying a 1 BHK Flat in Dahisar

Looking to buy a flat! Congratulations that’s great news! Buying a flat is a major decision and requires careful planning and consideration. If you are looking to buy a 1 BHK flat in Dahisar here are a few things you need to keep in mind before buying your flat:

Property Price & Home Loan

Determine your budget. Most homebuyers look for convenient home loans to fund their purchase. Make sure you shop well for your loan in order to secure the best deal. Depending on your budget choose your location.

Location of Property

Depending on your requirement and budget shortlist the best locations you wish to stay at. Look for locations that offer easy access to transportation and seem to be improving. Choose the location for your property judiciously. Location is a critical element in making or breaking your property. For those with kids, proximity to school and parks is important. For a working couple proximity to transport and eateries would be important and so forth. Keep in mind the better the location the higher the charges. This is not always the case though, as Dahisar East is cheaper than Dahisar West and it offers views of Sanjay Gandhi National Park that are not available in Dahisar West.

Check the Builders

Once you have finalised the locality, you will now need to choose the building you wish to buy the flat in. Shop the builders whose projects fit your budget. If the property is under construction, visit the site to get an idea of important aspects like project phase, construction status, construction quality and schemes offered. In case of a ready to move project, ask the existing residents about the quality of construction work, leakages and other possible inadequacies. In case of a brand new ready to move in project, you can visit the builder’s previous construction to get an idea of the quality delivered by the builder. 

Carpet Area of the Flat

Usually Super Built-Up or Built-Up areas of a flat are mentioned when discussing about the flat. However, this is not the actual area you can utilize. The actual area you can use to live is referred to as liveable area or Carpet Area. Make sure you are aware of your flat’s Carpet Area. Built-Up and Super Built-Up areas can include balconies, ducts, proportionate area of the common areas such as lobby, lift shaft, stairs etc. Carpet areas can be half the size of Built-Up areas.

Legal Check of the Property

Always ensure you have checked the paperwork and legalities of the property thoroughly, to avoid any ownership issues in future. With introduction of MAHA RERA, you can easily check all details of the property in one go and in a reliable manner.

Hidden and Additional Charges

It is easy to forget the additional charges entailed when buying a flat.  Some builders try to hide these additional charges. Hence make sure to inquire about these charges and get full details before signing any documents.

V. K. Lalco Group is currently developing over 400,000 square feet of Real Estate in Mumbai, Lonavala, Bangalore and Pune. It has developed over 1,500,000 square feet of residential and commercial property across the world since the early 1950s. Know more in detail about 1 BHK in Borivali.

Keep these points in mind while scouting for your flat in Dahisar to ensure that you pick up an excellent flat and transform it into your “Dream Home”.

[therealestateprojects]

Flats in Borivali - Buy beautifully designed 2 & 3 BHK in borivali east with Rustomjee. Rustomjee Summit offers luxurious homes with idyllic gardens & best city life. Visit us : https://www.rustomjee.com/rustomjee-summit-property-in-borivali/overview

[1bhkingoregaon]

Why Is Goregaon Real Estate Market Clutching the Attention of Home buyers?

If you are planning to buy a residential property in Mumbai, the three major factors that a potential buyer needs to look for are the location, affordability, and size of the flat/apartment. And Goregaon, a fast-developing real estate destination in north Mumbai, is one such area that satisfies most buyers on all three counts.

Besides, over the last decade, Goregaon west has witnessed rapid urbanization that has transformed the locality into a well-developed residential destination, ideal for families, couples, and working individuals.

Therefore, looking for 1 BHK property for sale in Goregaon West is a great option for you. The locality is also witnessing constant growth in property prices which makes it an apt locality to invest in for future returns. Also, here we have even mentioned some of the reasons that why the Goregaon real estate market is clutching so much attention of homebuyers.

Smooth connectivity

Goregaon is located between Andheri and Borivali, the two important residential localities of Mumbai. Goregaon region is well connected with the Western Highway and the Jogeshwari-Link Road (5.6 kilometres and 6.8 kilometres, respectively). So, if you need to travel to other parts of the city to reach your office place, then buying 1 BHK property for sale in Goregaon West is a good option. It is because this place offers hassle-free connectivity to the commercial locations on its north and south. Residents also have easy access to the city’s international airport.

The Lokhandwala-Malad Link Road, the Jogeshwari-Vikhroli Link Road, and SV Road also connect the area. The proposed under-construction Phase-III of the Mumbai Metro is also further expected to make the commute smoother for the residents travelling to and from the city centre.

About Goregaon region

Goregaon is one of the prominent suburbs of Mumbai, which has also become the residential and commercial hub of the Mumbai suburban region in the past few years because of its rapid urbanisation. And that’s the reason it’s one of the most sought-after residential and commercial destinations in the greater Mumbai region.

Some of the prominent areas which are situated in Goregaon are Oberoi Garden City, the Goregaon Film City, Nesco Complex, Bombay Exhibition Centre, Sanjay Gandhi National Park, Infinity IT Park, etc. Besides, the presence of top commercial centres in Goregaon makes the region one of the most prominent residential locations in Mumbai with the constant demand for housing- both purchase and lease. However, before you start looking for 1 BHK property for sale in Goregaon West, you need to know that Goregaon West is a silent residential destination. Although Goregaon East forms the centre of all the commercial activity in the region.

Projects in Goregaon

New real estate projects in the western suburbs have increased substantially over the past few years due to the establishment of new commercial offices in the Goregaon-Andheri belt. Goregaon west has benefited substantially from these developments, and yet it offers you affordable homes, unlike other suburban housing hubs like Bandra and Andheri. In fact, if you are investing in a luxury property in south Mumbai, it’s immensely capital-intensive. At the same price, you can get as good a project in Goregaon west, where the appreciation rates are faster. So opting for 1 BHK property for sale in Goregaon West can prove to be a great deal of investment for you.

Concluding Remarks

As you have read the above article, you would have come to know that the real estate market in Goregaon will only grow in the years to come and provide a huge appreciation for real estate investors. So now, if you are planning to buy 1 bhk in Goregaon west near a station or looking for 2 bhk property for sale in Goregaon West, visit The Chandak Group - www.chandakgroup.com. They will offer you some of the best property deals in your budget.

[oberoirealty]

COVID IMPACT – DEMAND SURGED FOR SPACIOUS APARTMENTS

In real estate, it is often said that 'location is everything'. This sentiment was true a decade ago when homebuyers did not wish to move beyond certain neighbourhoods and their address was an indicator of a better quality of life. With changing times, growing economy, and rising uncertainty the home buying factors have changed from location to budget, value proposition in terms of lifestyle, apartment space, connectivity, infrastructure, and external amenities became more important.

As life progressed, the homebuyer also evolved and started looking for apartments that have a separate living and dining area, bedrooms with attached bathrooms, sleek modular kitchens that have enough room for a dishwasher and a dry area. The customer was ready to move beyond their comfort locations if the space enhanced their lifestyle.

Although, home buyers were always aware of these factors, then, it was more of a luxury than a necessity. Unless it was urgent, home buyers would prefer to wait for an opportune time, rather than rush into a purchase. However, with the pandemic, consumers have realised the importance of a spacious home that meets their essential family and lifestyle needs such as a gated community with amenities.

Oberoi Realty – Known for large premium spaces

After spending months in confined spaces where people struggled to live, work, play and learn from their homes the need for large apartments with ample space and balconies surged, along with this, projects that are a part of integrated development and provide state of the art lifestyle amenities such as a swimming pool, tennis court, squash court, kids plays area, gym, etc. gained significant importance.

At Oberoi Realty, every business decision is taken keeping in mind the customer’s benefit, comfort, and needs. Post the lockdown, last year we witnessed huge demand for all our projects from ready to move, to under construction and mostly for large apartments, duplexes, and penthouses. We have a diverse project portfolio from single boutique projects to large integrated developments at various stages of construction and ticket prices across the Mumbai skyline.

We recently launched two premium residential projects-Elysian at Goregaon East and Sky City at Borivali East and received an overwhelming response from the customers to both projects. Before the launch, we did an in-depth analysis on customer demand, preferences, and requirements and realised that the customers are clearly looking for bigger apartments that takes care of all the needs of every family member, a working couple who needs a zoom room, kids to who needs a virtual classroom, personal space for senior citizens for their privacy and comfort. Luxury became a necessity as customers realised the importance of quality of life.

The project “Elysian Tower A" has been registered via MahaRERA registration numbers: P51800027667 and is available on the website

https://maharera.mahaonline.gov.in is under registered projects.

[chandakgroup1]

The main benefit of buying a ready to move in flats is that you can save rent. And, if you do not plan on using it as your residence, you can let it out on rent and start earning an income right away. With an under-construction property, there is always the chance of the builder not handing the possession on time. Thus, If you are looking for buying a ready to move in property in Mumbai, Visit Chandak Next. Chndak Group has launched new project which is located at Borivali East where buyers can buy 2 BHK Flats in Mumbai Borivali at affordable prices.

[realestateinsights]

North Mumbai To Soon Become The Manhattan Of Mumbai With Rising Number Of Tall Towers

Omkar Alta Monte tower standing tall at 250 meters (MSL) in Malad East, is yet another Residential property in Mumbai, joining the league of super heightened towers in Mumbai. Similar, countless towers rising above 250 meters in the sky in the Northern region of the city covering Andheri to Goregaon to Borivali, is a visible transformation of the entire Nothern area of the city into sky touching towers similar to Manhattan. More than 30-40 such luxurious high-rise towers are already standing in the sky talking to the clouds in this belt already. An additional 70 to 100 skyscrapers are seen being developed, with increased construction activity converting old dilapidated buildings to today into tall luxury structures of tomorrow.

Today, the financial capital of India, Mumbai has the maximum number of luxurious high-rise buildings within the country. With excess availability of land in the northern areas of the city and the demand for luxury apartments in Mumbai, the city is seeing a rising number of such taller luxury towers from Goregaon to Borivali and Dahisar. Today, Mumbai has 9 supertalls buildings, which are 300 meters high from Mean Sea Level (MSL). Moreover, hundreds of skyscrapers and thousands of high-rises are under-construction in the city at present. Currently, Mumbai is home to largest number of under construction real estate projects in the world. These ongoing projects are being developed in areas, which can be considered as free hold land in the megacity.

The original residential towers in Mumbai were constructed in the 1970s, when Usha Kiran and Matru Mandir were developed, and stood at about 250 feet or 25 floors, respectively. However, after a significant delay, construction projects since the mid-1990s began taking the skyline upwards, with a major acceleration in the pace of development since the last decade.

According to the Council on Tall Buildings and Urban Habitat (CTBUH), 106 skyscrapers over the height of 200 meters were completed globally in 2015, thereby setting another record for construction of tall buildings globally. Out of this, 13 were Supertall buildings (300m and higher). Globally, there are 1040 (200m and higher) buildings as compared to 265 buildings in the same category, since the year 2000.

Mumbai is witnessing a substantial shift in the industry with the development of increasing number of luxurious skyscrapers in the northern area of the city. This has resulted due to the availability of larger land parcels and rising number of redevelopments of old building structures.

Secondly, the affordability factor in North Mumbai and South Mumbai is certainly a reason for increasing number of high rise towers in the northern area of the city. Moreover, while analyzing the investment pattern of South Mumbai, it was found that luxury properties are immensely capital-intensive. But, if the same development is available for a lesser sum under the category of luxurious project in a sky-rise tower, its value appreciates. This happens due to the ever-changing infrastructure development.

The rising demand of luxury apartments in Mumbai, is directly proportionate to the growth in demand in the northern belt of the city. Today, the investors in this zone eye the complete ecosystem, right from easy access to commercial hubs, retail spaces, recreational spaces, basic facilities and amenities such as schools, hospitals, and malls which are coming up in plenty with the increase in newer high-rise developments.

Also, the shift of major commercial activity towards northern corridor from South Mumbai along with Western Express Highway, is witnessing an increase in appetite amongst the elite professionals. These bigwigs of the city are on the lookout of global level comfort and world class living standards, in proximity to their workplace. With all the ultra-modern facilities at par with international standards, it has resulted in the demand for the rising number of top-end properties at affordable budgets.

The western suburbs overall, spanning the area from Andheri -Goregaon to Dahisar, is witnessing traction in the high-end luxurious tall tower residential developments with launches having increased by approximately 17% from the first quarter to the third quarter of this year, according to data from PropTiger.

The study adds that the said suburbs from Andheri-Goregaon to Dahisar account for nearly one-third of the total high-end tall tower launches witnessed in the city during this period. The report adds that the relatively low cost of land, much-improved physical and social infrastructure and proximity to new commercial hubs, have led to increased premium real-estate activity in the entire northern Mumbai region.

Omkar’s Alta Monte in Malad East, Lodha’s Fiorenza in Goregaon, Elements by Rustomjee in Juhu, Nahar’s Amrit Shakti in Chandivli and Ekta World’s Tripolis in Goregaon are among the high-end projects seeing completion and handover in next 6-12 months with prices starting at Rs 2 crore.

Today, reputed developers like Omkar Realtors & Developers construct residential properties in Mumbai, which can be considered as a smart home. These homes usually feature high-end automation, designed in collaboration with foreign architects, for instance, Omkar’s Alta Monte, whose architectural design was envisioned by a US based Callison, where SPA is by ESPA world’s leader in SPA and US based Barkley for PET SPA. While Elements was conceptualized by Hong Kong-based James Law and Singapore’s Patty Mak. Additionally, London-based interiors and fashion designer Jade Jagger helped design Fiorenza.

Amenities in these projects also mirror the high-end luxury segment, ranging from concierge services to preview theatres, ballrooms, home automation systems and sculpture gardens.

According to JLL India infrastructure right from metro rail connectivity, increased connectivity on the WE Highway has certainly helped, and now there are plans for more Metro links in the region.

On the other hand, rising number of corporate hubs, hotels, entertainment areas, shopping complexes, quality amenities in the northern zone stretches from Andheri to Dahisar. This stretch is now transforming the entire northern Mumbai as one of the most attractive regions to live in the luxurious towers like any skyscraper in MANHATTEN.

[redevelopmentprojectsinmumb-blog]

Seven Latest Tips You Can Learn When Attending Redevelopment Projects In Mumbai

Matoshree Nisarg is excellent undertaking coming in Mulund East with newest services for the first time in central suburbs. The Group has further prolonged its promise of luxurious dwelling with successful developments in Hyderabad and Pune.. The Group acquired Residential Property Mumbai Washington Home, a heritage construction belonging to the US Consulate at Altamount Road for Rs. 342 Cr, stamping its presence on India's billionaire mile. Imaging if your work place is in Mumbai or some other nearby area and you need a residence that's just a hop, bounce and bounce away there cannot be a better possibility than residential property in Mumbai. By way of these trusts, Ms. Piramal has initiated social initiatives in Rajasthan, Maharashtra and Madhya Pradesh. Welcome to Shree Ramtanu Shree Ganesh,Shree Ramtanu Group's residential challenge in Navi Mumbai. Whatever targets we had for this 12 months, we've met them in terms of gross sales in our Mumbai tasks and outdoors of Mumbai - Pune, Nasik, Goa, Khandala and locations like that - are on monitor and we had strong gross sales over there. From building 4-storey New Project In Mumbai Under Construction buildings to designing and executing mini-townships with over one thousand flats, the journey has been an arduous yet satisfying one.

Whilst you read this, 7.5 million square feet of housing is underneath various phases of building across Mumbai city. One among the attention-grabbing facts about Vile Parle East is that it might share shut proximity in the direction of the Western Express Freeway. Inside this area you could find properties in Panvel Mumbai within Panvel,navi Mumbai and Panvel. Diversified Portfolio: As a way to de-risk itself from cyclical, section-specific or city-specific slowdown, the Firm maintains a diversified portfolio of residential, industrial and retail initiatives. The final word in luxury living at Napean Sea Street where interiors will be customised New Residential Property In Mumbai to individual style, and you've got the entire flooring to your self. They are required to file a declaration in kind IPI 7 with the Central Workplace of Reserve Bank at Mumbai within a period of 90 days from the date of purchase of immovable property or closing cost of buy consideration along with a licensed copy of the document evidencing the transaction and bank certificates concerning the consideration paid.

Thane is nicely-related to the central suburbs and the Western suburbs Project In Mumbai because the rapidly creating Ghodbunder Highway leads on to the western suburbs of Dahisar and Borivali. Vedant Sq. is a residential challenge by Vedant Builders and Developers in Badlapur East, Mumbai. Even when you are looking for investments, it necessary to put money into places in good places and the projects which can be made by famend builders. The main plan of the company is to supply worth in nicely-situated, properly-designed and properly-managed residential and industrial projects in India. The headquarters of main n firms such because the Tata , Essel and liance Industries are in Mumbai. Sales of apartments Residential Apartment In Mumbai have recovered from the lows seen immediately after demonetization final November — property registrations in Mumbai hit a six 12 months low. It's planned for large IT companies, ITES and firms taking into account their needs from cohesive work house in Mumbai.

With the Western Categorical Highway and the proposed Metro Station in shut proximity, the project is effectively connected to business districts and leisure choices like malls, theaters and other escapes. Guided by founding philosophy a strong mission and imaginative and prescient To Deliver Love, Peace & Happiness in your complete world, by constructing life areas for all”, pushed by an uncompromisingly passionate group and world class constructing Redevelopment Projects In Mumbai technology, Mounthill Realty is committed to perform a sequence of landmark residential and industrial projects throughout Tier I and Tier II cities every of which guarantees to reshape the skyline of the cities endlessly.

[vklalco-blog]

Since its founding, V. K. Lalco Group (VKL) has constructed over 40 buildings and has expanded to own over 200 acres of land in Mumbai. VKL is currently developing over 400,000 sq. ft. in Borivali and Dahisar, making it one of the larger real estate developers in Mumbai.

[thebravepedestrian-blog]

Horizon Green Borivali does NOT have Clear Title, Flat Buyers are Cheated

Mumbai, 20th February, 2017: Horizon Green, the prestigious new Borivali East project, has huge issues. No real drainage system – that's a  serious problem we have written articles about. But there's a more serious worry for flat-purchasers, namely, not getting proper title to the purchased flat at Horizon Green. The confusion on who's legally the builder of Horizon Green -- Raheja, Bhoomi or Prashasti -- is like three men claiming to have fathered one child. On the municipal corporation's records, K Raheja is the builder. But Prashasti Enterprise is claiming to prospective flat-purchasers that it is the builder. And in between Raheja and Prashasti, there's the ghost of Bhoomi Constructions, a partnership that has been dissolved.

On paper, Bhoomi Constructions got the development rights in 2003 from K Raheja for building Horizon Green, and in turn assigned these development rights to Prashasti Enterprise in 2008. But that's only on paper; in real life, neither Bhoomi nor Prashasti exercised the said development rights, and Horizon Green was entirely built by the efforts of K Raheja through their company Tropicana Properties Pvt. Ltd. which was later changed to Palm Grove Beach Hotels Pvt. Ltd.

So, if you buy a flat in Horizon Green, it's like buying something from Chor Bazaar; pay the money, take the goods and don't ask questions! You will get no warranties, no guarantees and no consumer rights. Between Raheja, Bhoomi and Prashasti, there is a defective and broken chain of title; then how can Prashasti transfer good title to a flat purchaser? Clearly, it can't! So, the flat-buyers cannot get clear title over their flats.

The whole realty market is giving conflicting versions on who is the developer. Home Realty says Horizon Green is a Bhoomi project. Mumbai Property Exchange lists it as a Prashasti project. Housing.com is promoting it as a K Raheja project.

The IOD, CC and OC were issued to K Raheja. MCGM's Occcupation Certificate was issued to Palm Grove Beach Hotels Pvt. Ltd. (a Raheja Group company) in April 2015. The stop-work notice and FIR filed in 2016 were also filed against Palm Grove. So, in the eyes of civic authorities, Palm Grove i.e. K Raheja is the builder.

But a flat-buyer is forced to enter into the flat-purchase agreement  with Prashasti Enterprise, which is completely unrelated to K Raheja.

Prashati came into the picture by virtue of a doubtful and possibly illegal unregistered Agreement made in March 2008, which was reinforced by a Supplementary Agreement signed in June 2015, three months after the Occupation Certificate was issued to K Raheja. Bhoomi Constructions claims to got development rights from K Raheja vide an agreement made in January 2003, and transferred the same to Prashasti Enterprise.

The agreement between Bhoomi Constructions and Prashasti Enterprise is illegal and invalid. Why? Here are some reasons:

1) Can a dissolved partnership firm transfer any title or development rights formerly held by the firm? NO. When Bhoomi Constructions transferred the rights to Prashasti Enterprises by a stamped and registered supplementary agreement, the former had already been dissolved. How can the individual partners of a partnership firm that is no longer in existence, enter into (or ratify, confirm, stamp and register) any agreement and to transfer the development rights i.e. title that was held by the firm? This transfer is bad in law.

2) If development rights are not exercised by the entity holding it, can it claim to be the "developer"? NO. Development rights were never exercised by Bhoomi and Prashasti. Neither Bhoomi nor Prashasti exercised their development rights for building Horizon Green. From beginning to end of construction, the development rights were exercised by Palm Grove i.e. K Raheja. There isn't even one paper on record showing that Bhoomi Constructions or Prashasti Enterprise exercised the development rights.

3) Can an Association Of Persons act like a corporate entity? NO. Prashasti Enterprise is only an Association Of Persons (AOP), not a proper corporate or firm. It is neither a company nor a partnership firm, but an odd kind of association – a conglomerate of two natural persons (Mr Jayesh J Doshi and Mr Nirav B Mehta, apparently relatives of the owners of Bhoomi Constructions) and a corporate entity (M/s Prashasti Developers Pvt. Ltd.). In India, there is no special law applicable to an AOP, and therefore, there is no transparency in their dealings with the public or with government authorities. AOP is an entity under Income Tax Act, but it is generally unregulated, unaccountable, and difficult to hold legally liable.

Telling MCGM that Palm Grove is the builder and telling the flat purchaser that Prashasti is the builder -- that is itself cheating. Yeh 420 wala kaam hai! The three builder groups have deliberately colluded to create grey areas for everybody, in order to evade being held responsible by various law-enforcement agencies and judicial forums. (More details of this will be disclosed in future articles.)

WARNING TO POTENTIAL HOME BUYERS

If you are thinking of buying a flat at Horizon Green, ask yourself the question: if you have to go to consumer court for some reason, against whom will your make you claim for compensation -- K Raheja's Palm Grove Beach Hotels, Bhoomi Construction's individual partners or the Association of Persons called Prashasti Enterprise? Consult some chartered accountants and lawyers, and they will tell you that this is a grey area. Our courts take decades to decide even clear-cut cases where everything is black-and-white. If there are grey areas, you will have to run from pillar to post for many decades in search of justice.

Mr & Mrs Home Buyer, buying a flat in Horizon Green is like stepping into quicksand. So keep a safe distance, and don't get sucked into it.

ISSUED IN PUBLIC INTEREST BY Krishnaraj Rao 9821588114 krish.kkphoto@gmail.com

[chandakgroup1]

Prospective homebuyers looking for luxurious 2 Bhk Flats for Sale in Borivali East will come across endless projects, - those that are still under construction and those that are ready to move in. However, luxury and comfort might not be necessarily found in all such homes. In such case, you can seek renowned and recognized real estate developers such as Chandak Group offer 2/3/4 BHK flats in Borivali East.

[vklalco-blog]

Buying 1 BHK Flat in Borivali & Dahisar  - Tips on How to Do it Quickly

Borivali & Dahisar are two of the most popular destinations amongst new homeowners. Both offer excellent connectivity and convenient travel options to anywhere in Mumbai.

Borivali & Dahisar are home to numerous prestigious schools, offering CBSE, ICSE as well as International boards. Vibgyor High School and Rustomjee Cambridge International School are two of the many great schools in the area. There are also many great colleges around Borivali and Dahisar, like St Francis Institute of Technology,Thakur Ramnarayan College of Law and Rustomjee Business School, which are all well ranked as top colleges in Mumbai.

If you are looking to buy a flat in either of these areas, then these 5 tips will help you make the right buying decision quickly.

1. Shop for bank pre-approved properties: Every bank has a list of residential properties which are pre-approved by them. Checking out and choosing from one of the pre-approved properties can save you a lot of time and hassle. Further, upon examining the property, if the bank finds it a safe bet, will sanction the home loan. Average home loan approval timeline is 50 days you can save time by choosing from one of the pre-approved properties.

2. Apples to apples comparisons: Every builder offers different sizes, finishings and amenities with their flats. This often results in a lot of confusion for the buyer. To ensure an apples to apples comparison between your shortlisted properties, ask each builder for the RERA carpet area, price per sq. ft. on that RERA carpet area, a list of amenities provided, and the cost in hand, including building maintenance and sundry expenses. This is the right time to check and compare the construction quality of the flat.It is also important to view a sample flat before making any decision so you can see the type of finishings you will receive with the flat. Nobody wants to finalize a purchase and then realize they must spend an additional 10% to finish an apartment. Make sure you know what you will get when you receive the keys. Compare your shortlisted property on each of the above-mentioned headings to make an informed decision.

3. Use MahaRERA: In Maharashtra every project has a MahaRERA number. Obtain this number for all your shortlisted properties. Use this number and utilize the MahaRERA website to collect all details for each of your chosen projects. Data provided on site is factual and up to date. So this will allow you to get the real deal about each of your shortlisted properties.

4. Use Google Maps: Use Google Maps to establish the distance of essential amenities from each of your shortlisted properties. Also make sure to check the distance and travel time from your shortlisted properties to your office location and children schools. Look out for a property that minimises your travel time while maximizing your comfort and fits comfortably within your budget.

5. Use a bank to vet your prospective home: As an individual, especially if you are a first-time buyer you might find the task of vetting a prospective property to be quite overwhelming, so using a bank for same would be a smart decision.

Lastly make sure to obtain all the relevant paperwork, like the Building Approval Plan, Sale Deed, Completion Certificate, Occupancy Certificate and Sale Agreement, from your builder when taking possession of your flat.

Since its founding, V. K. Lalco Group (VKL) has constructed over 40 buildings and has expanded to own over 200 acres of land in Mumbai. VKL is currently developing over 400,000 sq. ft. in Borivali and Dahisar, making it one of the Real Estate Developers in Mumbai in Mumbai. Know more in detail about Flats in Dahisar East Under Construction.

Using these five tips you can make a smart and quick property purchase which will not only be sound investment but also a smart one!

[thebravepedestrian-blog]

Horizon Green, Borivali, in  Trouble due to Illegal Soak Pit

Mumbai, 22nd January, 2017: Horizon Green project in Borivali East is bristling with violations. The builders, K Raheja Constructions, succeeded in procuring the Occupation Certificate (OC) in early 2015 without constructing drainage for the building. The builders tried to secretly dig a soak-pit in December 2015 to cover up the lack of sewage connection by channeling the sludge into a soak pit and pumping it out every month. A few buyers -- thankfully not too many -- were fooled into buying flats in this project, and later discovered this fatal shortcoming.

The scam spilled out into the open when residents of the neighbouring building alerted BMC about the soak-pit, and BMC slapped a stop-work notice. Defying the stop work orders, the Rahejas continued the work and completed the soak-pit. So MCGM lodged a police complaint and got an FIR registered.

Illegal soak pit of Horizon Green building under construction in December 2015

Click here for PHOTOS of Horizon Green’s soak pit.

Click here for PHOTOS of work in progress, defying stop work notice.

Late night digging of Horizon Green’s illegal soak-pit.

MCGM's Stop Work Notice.

Drainage is Horizon Green’s Achilles' heel, because of the building's awkward location on a slope. This project is basically built by over-exploiting the FSI of the existing “Raheja Green” layout plan, and because of this, the building suffers from major shortcomings, including lack of recreation ground, shortage of sufficient parking and mandatory open spaces, and huge hurdles in drainage disposal.

Between 2006 and 2015, many mutually-contradictory drainage plans proposed by Rahejas were approved by BMC officials without verifying whether the hilly terrain and existing drainage lines supported these plans. The sewage directions drastically changed no less than five times. In 2010, 2012 and 2015, the Rahejas planned three different uphill routes for drainage and the BMC officials blindly nodded!

The Rahejas claim that Drainage Completion Certificate issued in Feb 2015 was for joining the sewage into common drainage of the private layout downhill as against a proposal for flowing the drainage directly uphill and out of the layout, submitted in 2012.

The drainage lines finally laid in December 2015 went uphill to the adjoining DP road (shown below), and joined a municipal sewer outside the neighbouring TCS office building. But this sewage connection (which is not shown in any proposed or approved plan) isn't working because of improper gradient.

The site on the DP road where Horizon Green's drainage was connected to municipal sewage. Improper gradient prevents Horizon Green's water and sludge from flowing into the municipal sewer.

So the Rahejas built a soak-pit to disguise Horizon Green’s lack of proper sewage, in order to sell the flats to unwary buyers.

ISSUED IN PUBLIC INTEREST BY Krishnaraj Rao 9821588114 krish.kkphoto@gmail.com

Also read: FIR filed against K Raheja builder: Horizon Green Borivali has invalid OC and Fake Drainage