10 BKC by Radius Developers

Radius Developers is a venture by Mr. Sanjay Chhabria – former MD, Wadhwa Group, who is also the Managing Director of the firm. 10BKC in Bandra Kurla Complex (BKC) is a collaborative project between Radius and DB Realty. DB Realty has been developing projects all over Mumbai; their upcoming DB Crown project in Lower Parel is one of their better known projects in real estate. Development of 10BKC began in March 2016 and possession is expected around December 2019.

10BKC is a luxury residential project by Radius Developers where in they offer glass façade 2,3 & 4 bed residences at a location that enjoys accessibility to all the prime locations in Mumbai. The project is designed by Hafeez Contractor, Tierra Design – POD (Singapore) is working on the landscape designing & Interior Designing has been handed over to Suying Metropolitan Studio (Singapore). These are a few of the reasons why 10BKC has the potential to be the next landmark of Kalanagar-Bandra Junction.

Location and Connectivity

Bandra East is located in the Western suburb of Mumbai and is home to the next best known commercial hub of the city. It is in fact the gateway to Bandra Kurla Complex. Bandra East is a well-developed area and is surrounded by Dadar West, Bandra West, Bandra Kurla Complex, Santacruz East, Dharavi, Kurla, Mahim and Matunga.

Site map of 10BKC

Radius 10BKC is located in a quiet residential area in Kalanagar near MIG Cricket Club, Bandra-Kalanagar Complex, Bandra-East. 10BKC is coming up behind the MHADA office and near the Shiv Sena chief Uddhav Thackeray’s residence. 10BKC is less than 1km away from Bandra railway station.

Phota credits: Google photos (MIG Cricket Club)

Located right next to the premium business hub of Mumbai, 10BKC offers very good connectivity through connecting link roads like Santacruz-Chembur Link Road & the Sion-Bandra Link Road which provide access to the eastern suburbs. The project is 9 km from the Chhatrapati Shivaji International Airport. One can reach South Mumbai and its business hubs of Lower Parel, Worli and Nariman Point via the iconic Bandra Worli Sea Link.

10BKC is close to luxury dining options and hotels like the Otto Infinito, Trident, Grand Hyatt, Taj Lands etc. as well as educational institutions like Dhirubhai Ambani International School, American School of Bombay & Arya Vidya Mandir. Health care centres like Asian Heart Institute and Lilavati Hospital & Research Center are located in the vicinity.

Configuration and Prices

Radius 10BKC is developing 3 towers on 5 acres of land with 3 acres dedicated to open, green, landscaped spaces. This project offers 2, 3 and 4 bed residences available in 23 floors and 7 levels of car parking.

Type Carpet Area (in sq. ft.) Saleable Area (in sq. ft.) Facing/View Agreement Value (Rs.)
2BHK 757 1257 BKC 4.20 cr.
3BHK 998 1657 Western Line 5.12 cr.
3BHK Duplex 1123 1865 Western Line 5.90 cr.
3BHK Large 1389 2306 BKC 6.51 cr.
4BHK 1602 2660 Western Line 7.82 cr.
4BHK Large 2031 3372 Western Line 9.56 cr.
Layout credits: Radius developers
Layout Credits: Radius Developers

Amenities and Facilities

Radius 10BKC is a luxurious project and provides all the amenities and facilities one would expect at these prices. These include kids’ zone that includes children’s play area, Crèche, Games Room, Pool Tables, Carrom, Chess, Air Hockey, Foosball, Video Arcade Games, Kids pool, and Mini Climbing wall.

Photo Credits: Radius developers

The well designed sports zone has squash and table tennis courts, golf simulator, snooker/ billiards, two lane bowling alley and multipurpose court. The luxurious fitness centre includes spa, salon, yoga terrace, sky gym, jogging track, social space for the elderly, adult fitness, game tables & reflexology. The social space includes restaurant & café, multipurpose hall, mini theatre, party lawn, library, adult pool, ATMs, florist and hobby room.

Photo by propstory
On-going construction at 10BKC

The residences are complemented by a vertical elevatoring system. 10BKC offers 42,000 sq. ft. of extensive and unique amenities. Sky gym on the 23rd floor is one of its main attractions. The entrance lobby is 37,000 sq. ft. of Grand Double volume entrance. Lobbies are designed to exude a luxury hotel arrival experience.

Conclusion

10BKC is a 5-acre development with 3 acres dedicated to elevated landscaping by the internationally acclaimed POD TIERRA, Singapore. Pampering your senses with amenities spread across 42,000 sq.ft. with a 25,000 sq.ft. club house while living the Bandra life is one of the perks Radius Developers offers to its 10 BKC residents. If one is looking for a location near BKC and easy access to the corporate hubs while enjoying suburban life then 10BKC should be on your shortlist.

Panvel – Real Estate Growth Prospects Riding On Future Development Plans

Panvel Railway Station

The city of Panvel in Maharashtra was for years seen as a distant suburb of the bustling metropolis of Mumbai. It bore the look of a highway town, catering to travellers coming towards Mumbai from Pune or Goa, whose highways pass through Panvel. Housing complexes were, by and large, small in size and there were few, if any, high rises. This picture has changed drastically in recent years and how!

The city now, is a major population center and has most, if not all, the trappings one would expect of a modern, developed city. In particular, the rise of New Panvel as a major residential and commercial magnet, has led to rapid infrastructural development in both the newer and older parts of the city. We examine how this transformation has occurred and what does the future hold for this city.

Panvel: Location

Intersection of the Mumbai-Pune and Mumbai-Goa highways at Palaspe Phata near Panvel
Intersection of the Mumbai-Pune and Mumbai-Goa highways at Palaspe Phata near Panvel

Panvel is located in Raigad district, in close proximity to both Greater Mumbai and Thane districts. Major nodes such as the Mumbai’s central suburbs, Navi Mumbai, Thane and Kalyan are easily reachable from here, by road and rail. The junction of the Mumbai-Pune highway and Mumbai-Goa highway is also located near this city. It also serves as a gateway to the Konkan region as well as the prosperous belt of Western Maharashtra.

Another positive with this city is its proximity to major industrial parks. Large plants such as that of Larsen & Toubro (L&T), Reliance, ONGC etc. are present in and around here. Apart from New Panvel, other zones such as MIDC Taloja and Patalganga lie within an 18 km radius of Panvel. It also serves as a convenient residential destination for people working in Nagothane or Roha in the Konkan region and even Kopar Khairane, Kharghar and CBD Belapur in Navi Mumbai.

Unlike these Navi Mumbai areas, which are nearing saturation, Panvel has more land availability and is more affordable as a residential destination. The city is also near Jawaharlal Nehru Port Trust (JNPT) at Nhava-Sheva, which is one of India’s largest and most important ports. Hence, the abundance of employment opportunities in and around this city has seen plenty of demand for housing here.

Panvel: Connectivity

Possibly, the biggest positive of Panvel is its excellent connectivity to all its surrounding areas. Apart from being the starting point of the aforementioned highways to Goa (which links it to Konkan) and Pune (which links it to Bangalore and Hyderabad), Panvel is also the starting point of the Mumbai-Pune Expressway, which ensures that one can reach Pune within a couple of hours from here. The Sion-Panvel highway connects the city to Navi Mumbai and the central suburbs of Mumbai. It is also directly connected by road to Uran, where JNPT is located.

Panvel is a major railway station, handling both suburban and long distance trains. It serves as a terminus for the suburban Harbour line, which connects it directly to Chhatrapati Shivaji Terminus (CST) in south Mumbai. It is also an important station on the Konkan railway line and is directly connected to Thane and Khopoli. Many container and passenger trains, which bypass Mumbai, halt here.

While the city is quite far from the current Mumbai airport, the ultra-modern Navi Mumbai international airport is to come up right next door in the next few years. This should provide a massive boost to the infrastructure in and leading up to the city and demand for housing is expected to see a major rise as a result. In fact, Panvel is likely to emerge as a major central hub in its own right, once the airport project and other proposed infrastructural projects are cleared.

Panvel: Social Amenities

The city’s continued and seemingly unstoppable rise has attracted prestigious service providers in the educational, retail and healthcare sectors, among others. it does not lag behind Mumbai, Navi Mumbai, Thane or Pune when it comes to social amenities.

Orion Mall in Panvel
Orion Mall in Panvel

Panvel boasts of many top class schools such as DAV Public School, Barns High School, New Horizon Public School, the Buddhist International School and Dr. Pillai’s International School. Similarly, many higher educational institutions such as Amity University Mumbai Campus, MGM College of Engineering & Technology and Pillai College of Engineering are located in or near the city.

Lifeline Hospital in Panvel
Lifeline Hospital in Panvel

A number of multispecialty hospitals have also opened here, catering to medical needs of residents, some of which include Satyam Multispecialty Hospital, Life Care Multispecialty Hospital, Gandhi Hospital and Lifeline Hospital. Malls such as Orion Mall, Mahalaxmi Mall and K-Mall, provide shopping and entertainment facilities for residents of the city.

All the growth the city is seeing is likely to lead to even more growth going forward. More development and more residential population will lead to greater demand for such services and hence, attract numerous renowned service providers in these and other spheres.

Panvel: Affordable Homes and an intriguing investment opportunity

Panvel, in recent years, has seen property rates for a multistory apartment, more than double from an average of ~Rs. 2600/sq. ft. in early 2008 to ~Rs. 5300/sq. ft. today. That being said, home prices in Panvel remain extremely affordable for most sections and actually, represent quite a bargain in the otherwise expensive Mumbai Metropolitan Region. In fact, one can buy a 1 BHK apartment for Rs. 20-25 lakh, which is a figure unheard of in Mumbai or Navi Mumbai for that matter. Rental rates, at an average of Rs. 11/sq. ft. are well within a prospective resident’s budget.

For a real estate investor, investing in upcoming areas of this city at this stage is likely to be a worthwhile investment. With the airport and many other infrastructural projects due to come up, it is likely to pull more industries here and in turn, push up the housing demand. If the rapid development of similar areas in and around Mumbai is anything to go by, investors stand to make massive returns on their investment in the not too distant future.

Panvel: Future Development Plans

If Panvel’s present seems bright, the future offers even more promise. While all eyes are on the Navi Mumbai international airport and the benefits that will accrue as a result, it is not the only major development. The City and Industrial Development Corporation of Maharashtra (CIDCO) has played a key role in the emergence and development of New Panvel and its association with the city is going to strengthen further, with it being given charge of the Navi Mumbai Airport Influence Notified Area (NAINA). This new development is expected to bring rapid urbanization and industrial growth in and around Panvel.

In addition, the city is likely to become one of India’s biggest logistics hubs, once the Delhi-Mumbai Industrial Corridor (DMIC) is completed and becomes operational, owing to its proximity to JNPT. The proposed Trans-Harbour link from Uran to Sewri also holds out much promise, connecting Panvel to Mumbai harbor and sharply reducing the travel time between these places. Central Railways too is planning a Terminus for long distance trains here, in order to decongest CST.

As mentioned earlier, the Navi Mumbai international airport promises to be a game-changer in Panvel and its surrounding areas. This airport, which is projected to serve a whopping 90 million passengers per year by 2030, will make this city a major destination for travelers from Mumbai, Pune and other areas further away. With a large number of hotels, industries, quality roads and other support services coming up as a result, plenty of employment opportunities will be created and demand for quality housing is likely to shoot up. One can say that Panvel seems poised as a major growth engine both now and in coming years.

Panvel real estate: The best localities to invest in for a dream home

Panvel real estate project of Balaji Symphony on Matheran Road

Panvel was for long considered primarily as a halt for travelers on the way to or from Mumbai from Pune, Kolhapur, Goa or further away in the south, due to its location at the junction of the Mumbai-Pune-Bangalore and Mumbai-Goa highways. Panvel old town was primarily composed of low rise apartment buildings. However, today the picture has changed drastically, with Panvel real estate viewed as a major investment opportunity near Mumbai.

This interest has not come overnight, but has risen from a combination of factors. Whether it be the city’s connectivity to major industrial and logistics hubs, the vast tracts of land available or important infrastructure projects being planned in and around it, all have had a positive influence to this market. In this article, we analyze why does Panvel real estate intrigue investors and where do they put their money to achieve maximum value.

Panvel real estate: Why should one invest here?

Generally, an area’s attractiveness as an investment destination is a function of the current state of affairs and future prospects. Panvel scores big on both these aspects.

Good Connectivity

Panvel is well-connected to the cities of Mumbai, Pune, Bangalore, Kolhapur, Hyderabad and the state of Goa by excellent highways emanating from here. It also serves as the terminus of the Harbour line of Mumbai’s Suburban railway system. Its proximity to industrial hubs and to the massive JNPT port makes it a convenient residential destination. Availability of vast tracts of land around Panvel for industrial and residential developments is a further positive.

Future Developments

Site of the Navi Mumbai International Airport, around which the NAINA megacity is planned to come up
Site of the Navi Mumbai International Airport, around which the NAINA megacity is planned to come up (Image credit: Mid-day.com)

Looking ahead, the future prospects of Panvel real estate appear quite good. With the Navi Mumbai International Airport due to come up next door, infrastructure is expected to get a boost. Also on the cards is the Navi Mumbai Airport Influence Notified Area (NAINA), a megacity project on Panvel’s outskirts, expected to decongest the Mumbai Metropolitan Area as well as the Trans-Harbour link, directly connecting JNPT to Mumbai harbor. All these mega projects will create a host of employment opportunities in Panvel’s neighbourhood and lead to increased housing demand in the years to come.

Property price appreciation

Property rates in Panvel are quite affordable, in comparison to the rest of Mumbai. At an average of ~Rs. 5700/sq. ft., there is a strong possibility of significant appreciation in the near to medium term, particularly in light of the developments mentioned above. For an investor looking for good returns in Mumbai real estate, Panvel is one of the better bets.

Second/vacation home

Panvel also benefits from its proximity to the picturesque Western Ghats and the hill stations of Matheran, Lonavala and Khandala, along with the Karnala Bird Sanctuary. This makes Panvel a great location for people for across the country looking for a second home or a vacation home.

Panvel real estate: Which hotspots should one invest in?

In view of the major projects coming up around Panvel, one can see two major real estate investment corridors emerging: one between Panvel and JNPT and the other around the Navi Mumbai airport and NAINA. Each of the areas mentioned below offer plenty of promise to potential investors.

Matheran Road

Sales office of Panvel real estate project Monarch Greenspaces on Matheran Road
Sales office of Panvel real estate project Monarch Greenspaces on Matheran Road

This road is the main link to the popular hill station of Matheran from Mumbai and its suburbs. It is one of Panvel’s most sought after destinations for real estate investors and developers alike, due to vast land availability at affordable rates, great views of the majestic Western Ghats and a pollution-free climate.

Especially popular among those looking for a second home or vacation home, a number of professionals too have made a beeline for apartments here away from the hustle and bustle of Panvel city. Many established as well as local developers have come up with extremely affordable projects here, with homes available for a starting price of ~Rs. 20-25 lakhs, which represents a bargain, particularly in the Mumbai metropolitan region. It is also easily reachable from Panvel railway station and from the Mumbai-Pune highway.

Khandeshwar

Khandeshwar is well-connected to Panvel, Mumbai and Navi Mumbai by road as well as by suburban railway. Its proximity to the Taloja, Kalamboli and Kamothe industrial hubs as well as the Navi Mumbai international airport ensures apartments here will be in high demand and makes it a good investment destination. Property rates for a multistory apartment have more than doubled from an average of ~Rs. 3100/sq. ft. in 2010 to ~Rs. 6700/sq. ft. today and the probability of major increase going forward is very high.

Karanjade

Karanjade is located on the road, linking Panvel to JNPT and is among the areas expected to benefit heavily from the Trans-Harbour link and NAINA projects. Property prices here currently stand at an average of ~Rs. 4900/sq. ft., which is appealing to an investor, with a strong likelihood of good returns. Many national-level as well as local builders are planning projects here.

Palaspe Phata

Panvel real estate project of Marathon Nexzone in Palaspe Phata
Panvel real estate project of Marathon Nexzone in Palaspe Phata

Palaspe Phata lies at the tri-junction of the Mumbai-Pune highway, Mumbai-Goa highway and the JNPT road. It is the location for some major logistics parks and is also within close proximity of the industrial areas of Khopoli, Pen and Rasayani. Its excellent location has attracted many developers and represents a good opportunity for investors. The average property price here is ~Rs. 5700/sq. ft. and plenty of appreciation is expected.

New Panvel

New Panvel benefits from excellent infrastructure whether in terms of roads or electricity supply, having been built by CIDCO, which was also behind Navi Mumbai. Recently moved under the Panvel Municipal Corporation by the state government, New Panvel, particularly the eastern side, offers a good investment opportunity with large multistory residential projects by reputed builders coming up here.

With the Panvel railway station located here and the Mumbai-Pune highway passing through here, connectivity to Mumbai, Pune and other surrounding areas is excellent. With an average property rate of ~Rs. 5300/sq. ft., New Panvel promises great returns going forward.

Conclusion

Panvel is truly at the crossroads of a major transformation and investing in the upcoming areas in and around this city does look to be a very prudent option, particularly in view of the saturated housing market and extremely high prices in other parts of the Mumbai Metropolitan Region. One needs to do due diligence of the emerging areas and the projects coming up in each of them, before deciding on the most suitable option, whether one is an investor or an end-user.

NAINA – An upcoming real estate destination near Mumbai

CIDCO signed an MOU for development of NAINA Megacity near Mumbai

Lately, the biggest news items originating from Mumbai, the commercial capital of India, have concerned the massive infrastructural projects planned in and around the city. Arguably the biggest of these is the new Navi Mumbai International Airport project, which is meant to reduce the pressure on the existing airport. Allied to this project is the even bigger Navi Mumbai Airport Influence Notified Area (NAINA) project, which is to come up next to this airport, but has been relatively under the radar.

Based on sheer scale, size and planning, NAINA is one of the most ambitious projects seen in India. It envisages the construction of a new megacity in the Thane and Raigad districts of Maharashtra, which will spread across parts of Navi Mumbai, Panvel, Pen and surrounding areas. In this article, we examine the need for this project, some details regarding it and its likely impact on the area.

NAINA: The Need

Mumbai, the city of dreams, attracts a large number of people from across the country. However, being an island city, there are limits to the city’s growth and the population it can support. With a population density of 21,000 people per square km (2011 census), space is at a premium and the ever-increasing demand for housing has pushed property prices to unaffordable levels for the vast majority of the population. A need to decongest Mumbai by creating a satellite city has long been felt. Navi Mumbai was conceived for this reason; it too has got filled up rapidly and thus, proved insufficient to handle the ever rising real estate demand.

Site of the Navi Mumbai International Airport, around which the NAINA megacity is planned to come up
Site of the Navi Mumbai International Airport, around which the NAINA megacity is planned to come up (Image credit: Mid-day.com)

In a similar vein, the current Mumbai international airport is already handling more than its designed capacity of 40 million passengers a year and cannot be expanded at its current location in Santa Cruz. Flight delays have become common. Hence, the urgency for a second airport was felt and after a detailed process, a large land parcel of 2,320 hectares between Kharghar and Panvel in Navi Mumbai was chosen for it. With the airport scheduled to come up by 2019, many commercial establishments are planned as well.

This is where NAINA comes in. It is to cater to both the demand for affordable housing in the Mumbai Metropolitan area as well as house several commercial and industrial establishments and support services for the new airport. It is also envisaged to serve as a major multimodal transport and logistics hub, well-connected by land (road and rail), sea (JNPT port) and air (the aforementioned airport).

NAINA: The Plans

The proposed size of NAINA is truly humongous. With an area of 561 square km, NAINA is 1.5 times larger than Mumbai itself. It is expected to support a population of 80 lakhs. The development cost has initially been projected at approx. Rs. 2.1 lakh crore. CIDCO, the agency behind the development of Navi Mumbai, has also been entrusted with infrastructural development of NAINA, while individual developers have to come up with plans for newer establishments.

Map indicating Mumbai Trans Harbour Link linking the island city to the planned NAINA megacity and Navi Mumbai International Airport
Map indicating Mumbai Trans Harbour Link linking the island city to the planned NAINA megacity (Image credit: Dnaindia.com)

NAINA will also include the much-awaited Mumbai Trans-Harbour Link project, linking JNPT port to Mumbai port and the Mumbai Multimodal Corridor. As a pilot project, CIDCO will develop a 37 sq. km area near Panvel, for which the development plan is ready. NAINA, similar to Navi Mumbai, will comprise of a number of small cities or nodes catering to education, IT, trade, healthcare among others.

NAINA has followed a policy of land pooling among a large number of project affected farmers, who only need to hand over 40% of their land to CIDCO for infrastructure development. These farmers will benefit from the better infrastructure and increased land rates in the area, as well as get additional floor space index (FSI) in compensation.

NAINA: Issues involving the project

As with any other major project, NAINA too has seen its fair share of teething troubles. There have been delays with regards to the development plan for NAINA on the CIDCO side. In addition, many of the initial proposals from developers for housing schemes in the proposed megapolis have not been approved for a variety of reasons.

Proper planning and implementation is essential if NAINA is to achieve its goals of decongesting Mumbai, while establishing itself as a major alternative trade and transport hub. Considering the importance of this project, one can hope that these problems are ironed out in the near future.

NAINA: A Promising Future

What cannot be in doubt is that NAINA offers a good opportunity to decongest Mumbai and become an address for affordable/budget housing. Catering to a large population within its limits, NAINA is likely to generate plenty of employment opportunities and thus, attract people from nearby areas as well as from further away. NAINA’s proximity to both Pune and Mumbai will also make the Pune-Mumbai industrial corridor a reality and lead to further development of the hinterland.

The benefits of having an affordable home in a well-connected area cannot be overstated, particularly in a city like Mumbai. NAINA has been built on the premise of being an affordable housing destination and this factor has attracted many reputed developers to this area as well as Panvel and other neighbouring areas.

For investors, it represents a potential goldmine with rapid infrastructural upgrades likely to provide opportunities for very good returns on their investment. For those looking for a second or vacation home, NAINA’s proximity to popular destinations such as Lonavala, Khandala and Alibag make it an appealing option.

L&T Crescent Bay, Parel: Where luxury awaits you.

When L&T decided to deal in real estate not many were surprised. L&T has over 75 years of expertise in technology, engineering, construction, manufacturing and financial services, with global operations in India. L&T Realty is the real-estate development arm of Larsen & Toubro. In a very short time, L&T Realty has made its mark across Western India, Southern India and Chandigarh with many residential, commercial and retail projects. With projects like the Seawoods Grand Central in Navi Mumbai, the Metropolitan Building in BKC and of course the L&T Tech Park in Bengaluru under their hat, they turned their attention to residential properties. Crescent Bay in Parel is one such emerging marquee project in collaboration with Omkar.

Location overview:

Full view of L&T Crescent Bay
Full view of L&T Crescent Bay

Located in proximity of some of the major retail and commercial hubs in the city, Crescent Bay is in Parel on the famous Jerbai Wadia Road. Because of its location, it has easy access to both – the central and western suburbs of Mumbai. Crescent Bay is aptly placed in the centre of the most in demand areas in the city. The Eastern freeway and proposed monorail station are both at less than 1km from the site. The planned Nhava Sheva Sea link is only 2kms away. The main commercial areas like Worli, Lower Parel, Prabhadevi are all less than 5kms. South Bombay is easily accessible thanks to the freeway and takes barely 20minutes to get at.

Bandra Kurla Complex, another business district is 10kms. There are 4 hospitals within 5kms viz. Maru Hospital, Navare Hospital, Balaji Hospital and the coveted Prince Aly Khan Hospital. Entertainment wise, there are a lot of mall, restaurants and cinema halls in the vicinity of the property. Crescent Bay is surrounded by few of city’s best schools – Don Bosco, Matunga (10 mins), IES, Hindu Colony (18 mins) and St. Joseph School (7 mins). No wonder it is the most desirable area to live in right now!

Site overview:


Crescent Bay gets its name from the shape of the 6 towers that are aligned to form a moon-like crescent shape when viewed from afar. It is spread over 7 acres and has 70% open land which is a key consideration for many home buyer. Each tower has 1500 Units and 55 Floors and 3 buildings in the shape of a triangle, all the buildings share a common terrace. The towers are: T1, T2, T3, T4, T4 and T6. Each tower has 2bkh, 3bkh and 4bhk apartments. The unit plans of each building vary according to each tower.
T1, T2, T3 and T4: Premier 1, Premier 2, Elegante
T5: Imperio 1, Imperio 2 and Grandio
T6: Signature 1, Signature 2 and Supereme
The 2bhks are available in both west-facing and east-facing directions and come in 3 sizes: 1320 sq.ft, 1345 sq.ft and 1365 sq.ft.

 

The 3bks are available in 4 sizes: 1720 sq.ft, 1790 sq.ft, 2100 sq.ft and 2275 sq.ft. The 4bhks are available only in one size of 3910 sq.ft. The wide variety of apartments on offer means that it is essential for a home buyer to carefully examine the floor plans to choose what appeals to them the most. The design of each tower is such that it provides you with a continuous view from the apartments along with an unparalleled sense of privacy. The spacious and  well designed apartments possess all the contemporary fittings required. Each apartment offers natural ventilation and lighting, and a panoramic view of the Arabian Sea & City skyline.  The base rate for a unit in this project is Rs. 30,000/sq. ft. The developer aims to hand over possession by July 2017.

Amenities : Crescent Bay 

Crescent Bay offers the perfect living environment for a family. It’s an all inclusive home space where you don’t need to go too far from home to exercise, socialize or even meditate. The project comes with a clubhouse which includes two swimming pools – kids and lap pool, state of the art gymnasium, spa, sauna and Jacuzzi. Health is a major concern and thus the project comes with a squash court, badminton court, basketball court and a sky garden with a jogging track 300 feet above the ground. There are also lounge areas, meditation and yoga zones and acupressure areas. For children there is a crèche, library, play area with sandpit. There is also a senior citizens area.

Apart from these amenities, the other amenities include: High-speed elevators in each building and high-tech fire-fighting systems. There is as separate shuttle elevator for parking and a three tier security with BMS & CCTV surveillance rooms. The solar-powered street lights and energy efficient water pumps & fixtures are an eco-friendly addition. Rainwater harvesting for sustainable water supply and STP-treated water for landscaping are a few of the other amenities.

Conclusion and Review:

Luxury and happiness is what this particular project will give you. The capacious and comfortable Crescent Bay is strategically positioned with all the facilities immediately prepared for the resident. It takes care of the needs of all your family members right from kids to senior citizens. Living here is an experience: the beautiful landscaping and architecture and the cherry on top is that it is in the heart of the city and gives you a beautiful vision to wake up to everyday.

You can read more about the project on the developer’s site

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Goregaon: And Ideal Destination- Past, Present, and Future Developments

A location which has a blend of both commercial and residential will eventually be an ideal destination. Goregaon – is that part of Mumbai Suburbs, which over the years has developed immensely in both the ways. With large space constraint & sky-rocketing property prices, commercial hub of Mumbai has developed significantly over the last 2-3 decades. In the past, South Mumbai was considered as the commercial hub on the Western line of Mumbai; however recently areas like Lower Parel, Kandivali, Bandra Kurla Complex, Goregaon & Malad have evolved radically to be among the leading commercial destination. The ‘Mindspace area’ which has a dual boundary touching Goregaon & Malad is one of the fastest commercial developments in Mumbai. Further NESCO which falls right on the Western Express Highway (WES) in Goregaon is an ideal destination of various exhibitions/fairs in Mumbai. Major commercial development is followed by residential projects, thereby improving the quality of living. The current work in progress of two major social infrastructure projects will make a comfort stay in Goregaon.

Goregaon Railway Station

About Goregaon

The development of Goregaon over the last 2-3 decades has been mainly attributable to plenty of open spaces. The development has been across segments namely infrastructure, schools, colleges, restaurants and markets. The population of the locality is also a mix of all the religions. Resembling to most part of Mumbai – Goregaon area is also broadly divided into East & West zone by the local railway station. Some of the prominent commercial localities in Goregaon include – NESCO (an ideal exhibition/fair centre in Mumbai), Film City (integrated film studio), the Aarey Milk Colony (AMC), The Mindspace area and the renowned Inorbit Mall (which shares the border to Goregaon). On the residential side, prominent areas like Jawahar Nagar, Unnat Nagar, Motilal Nagar, Bangur Nagar, Dindoshi, Gokuldham, Yashodham, Oberoi Garden City, Saibaba Complex are among others. The Goregaon area has some of the prominent names of School/Colleges/restaurants/malls which are shown below:

Category Name Area
School Gokuldham High School Dindoshi
School Lakshdham High School Gokuldham
School Obeori International School Near Oberoi Mall
School St John’s Universal School S.V. Road
School / College St. Thomas High School & College Near Railway Station
College Vivek College Siddharth Nagar
College Indira Gandhi Institute of Development Research Film City
College Whistling Woods International Institute Film City
Malls Obeori Mall Western Express Highway
Malls Central Mall New Link Road
Restaurants Cooper Chimney Oberoi Mall
Restaurants Sai Kripa Veg Near Railway Station
Restaurants Westin Mumbai Garden City Western Express Highway
Restaurants Maharaja Bhog Oberoi Mall
Restaurants Udta Punjab Link Road

 

Goregaon – NESCO – Entrance
Goregaon – Oberoi Mall

The Aarey Milk Colony (AMC) is spread over 16 kms (4,000 acres) and have around 16,000 cattle’s which are reared on 1287 hectares of land and 32 cattle farms. The AMC also has a tourist attraction/picnic spot named Chhota Kashmir. It also has a lake with visitors often enjoy boating in AMC.

Up-coming projects might change the locality’s landscape

Goregaon has been more of a commercial place than a residential in the past. However the next phase of development is likely to be in terms of redevelopment of older areas (societies) which will gradually take place in due course. Apart from the re-development activity, the new social infrastructure development and high commercial activity has prompted with number of upcoming projects which are coming up in the Goregaon area, of which some are discussed below:

Project Name Developer Flat type Possession* Area – Goregaon
Sunteck City Avenue II Sunteck Realty 2 / 3 BHK 2019 West
Ekta Tripolis Ekta World 2 / 3 BHK 2019 West
Kalpataru Allura Kalpataru Developers 2 /3 / 4 BHK 2018 West
Kalpataru Radiance Kalpataru Group 2 /3 / 4 BHK 2019 West
Anmol Fortune The Wadhwa Group 2 /3 / 4 BHK 2017 West
RNA Exotica RNA Group 2 / 3 BHK 2017 West
Romell Aether Romell Group 2 /3 / 4 BHK 2017 East
JP Decks Blue JP Infra 2 / 3 /4 /5 BHK 2017 East
Omkar Ananta Omkar Realtors & Developers 2 BHK 2017 East
Chandak Paloma Chandak Group 1 / 2 / 3 BHK 2017 East
Lodha Fiorenza Lodha Group 2 /3 / 4 BHK 2017 East

*Possession year is tentative and might differ

Two vital social infrastructure developments will make connectivity easier

The Goregaon area is easily connected to the Western Express Highway (WEH) on the Eastern side and is connected to Swami Vivekanand Road (SV Road) and Link Road (LR) and on the West side. There are two vital social infrastructure developments 1) the extension of Harbour line platform from Andheri to Goregaon will make the commuters easily travel upto Chhatrapati Shivaji Terminus (CST) erstwhile known as Victoria terminus and 2) the proposed two metro line one of would be passing parallel to the WEH on the East and other parallel to the LR on the West of Goregaon. The railway station is almost at the centre of the locality giving an easy access, if one wishes to travel by train. Thus Goregaon area is gradually becoming a quality living which is having a blend of both commercial and residential supported by required social infrastructure.

Goregaon – Harbour line extension (current work in progress)
Goregaon – Harbour line extension (current work in progress)