Finding a place to live in is one of the biggest challenges faced by people who move to the ‘city of dreams’ – Mumbai; especially when one is looking out for a home with both location advantages and benefits of a well planned township and complexes. Be it for rent or purchase, today’s Mumbaikar is not just ‘settling’, but carefully seeking good property options. Therefore, both rental and resale values of well known properties such as Raj Legacy and Raj Splendor by Rajesh Lifespaces have been rising. For these apartment complexes that are both ready to move in stack up on several criterion one seeks in their address.
The stretch from Kanjurmarg to Vikhroli(W) of the Lal Bahadur Shastri Marg (popularly called as LBS) is probably one of the very few areas in an otherwise traffic- laden road, which comes across as green and peaceful.Owing to its connectivity and access provided to various local train stations, LBS Marg is one of the busiest roads in Mumbai; right from Mulund to Kurla, numerous residential and commercial projects by renowned developers have long since mushroomed on either side of this road and there is an ever increasing demand for the same.Located next to the Vikhroli(W) station, the Raj Legacy and Raj Splendour residential complexes by Rajesh Lifespaces are the popular twin residencies in this area; surrounded by many Industrial estates and IT establishments, these homes have a great location advantage coupled with ample green cover. While these co-exist and we have been liberal in using the term “twins”, these have individual character in their own regards.
Known for their extensive real estate projects and experience in the western suburbs such as Andheri, Bandra, Borivali, Kandivali, Dahisar and Vile Parle, Rajesh Lifespaces forayed into the Central – suburban real estate market with Raj Legacy in Vikhroli(W). The project came out in three legs – Rajesh Legacy I, II and III; consisting of 1BHK, 2BHK and 3BHK apartments. Raj Legacy apartment complex is equipped with modern amenities such as health club, landscaped gardens, clubhouse etc and basic infrastructure.With direct access from the LBS Marg and situated right next to the Vikhroli station, these residences ensure effortless commute to the rest of the city. At launch, the Raj Legacy homes were being sold at Rs. 0.8 Cr and Rs. 2 Cr; the units were and ready for possession by August 2013; their resale value ranges from Rs.1.4 Cr – Rs.2.7 Cr as of today. The rent for a 1BHK home here can be from Rs.30,000 onwards and for a 2BHK from Rs.38,000 onwards; again, this depends on the landlord.
Coming to Raj Splendour, the project shares boundaries with Raj Legacy complex and has entrance from a lane that turns inside from the main LBS road. Raj Splendor apartments while being on the LBS (the address) are actually 100 meter away from it that too in a lane which has several trees all along the route. It consists of 3 towers of 21 storeys each, having 2BHK and 3BHK homes; the amenities include clubhouse with party hall, jogging track, swimming pool etc.The project enjoys the location advantages of Raj Legacy and yet has a secluded feel to it. Raj Splendour was completed and available for possession by May 2014. The resale value for apartments here are in the range of Rs.1.7 Cr-Rs.1.9 Cr and rent starts from Rs.45,000.
Reasons to consider Raj Legacy and Raj Splendour as a residence
Advantageous location: Raj Legacy and Raj Splendour are blessed with a well developed neighborhood; the presence of numerous industrial estates and IT hubs make commute to workplaces effortless. Given that these two properties are located on the LBS Marg, the residents have access to a plethora of schools, colleges, hospitals, malls etc. Various landmarks around the Raj Legacy and Raj Splendour include the 24*7 park, R City mall, Home Town etc. Schools like Don Bosco High School, National High School are in the neighborhood. Ruby Hospital and Modi General Hospitals are the well known medical centres in the vicinity. Added to these, the LBS road as well as the Vikhroli station provide unmatched connectivity to the rest of the city.
- Proximity to employment centers: Powai has grown up to become a hub for entrepreneurship and KPO/ BPO business in Mumbai. The several employers at Powai offer lucrative salaries to employees and those who can’t own a place at Powai find neighbouring Vikhroli as an option. Vikhroli (W) as such doesn’t have too many options for residences. But both Raj Legacy and Splendour are situated here as ready properties. Also one can easily access finance hubs of BKC, Lower Parel and South Bombay easily from these project either by road or train. Western suburbs such as Andheri or Goregaon can not only be reached by road but also metro service which starts at Ghatkopar, again not very from from here.
- Amenities galore: These complexes are fully equipped with modern amenities such as clubhouse, children’s play area, swimming pool, jogging track etc which makes for a complete living. In addition to these amenities, there are landscaped gardens inside the society and ample green cover surrounding the two townships which ensures fresh air and beautiful landscape.
- Comfortable plans: The apartments in these properties include fire fighting systems, 24*7 water supply, 24*7 power backup, video door phone and intercom facilities, and many such utilities. All buildings are equipped with automatic lifts and round the clock security ensures safety of the residents. The floor plans are well made keeping in mind the needs of the customer.
- Well established developer: Rajesh Lifespaces has around 5 decades of experience in the real estate business and the group has delivered various projects around the city; they have garnered the trust of customers over the years and continue to do the same. Their emphasis on quality of construction and delivery, makes them one of the popular developers in the city.
Most importantly, the demand for a ready apartment at Mumbai which includes – Raj Legacy or Raj Splendour is highly unlikely to waver or go downhill and therefore these might qualify as a good investment option for buyers (firm website)