We feel special when something is reserved for us; be it a table in a restaurant, a window seat in a flight/train, a reserved quota for admission in any educational field and so on. With somewhat similar kind of concept is what, Rajesh LifeSpaces is offering at “White City”, Kandivali East – Mumbai. The developer has come up with the new marketing campaign – “Reserved for You” for its project “White City”, where the buyer/ owners will have its king size apartments/flats reserved with a blend of luxurious amenities making a desired home for the latter. Adding cherry on the cake, it has also come up with new financing option/scheme – 10:70:20, thereby making the financing for the buyers’convenient and hassle free.
White City: About The Project
“Rajesh LifeSpaces” is one of the renowned real estate developer who has built a legacy that extends over 50 years, over 75 landmarks which stand tall across 7 million sq. ft. in the Megalopolis of Mumbai.
The upcoming “White City” project at Akurli Road, Kandivali (East) is being developed on a land parcel that was earlier owned by the OTIS Company. The “White City”project consists of 4 towers (viz: Wing A, B, C & D) spread across land parcel of around 11.5 acres (freehold). The towers are 40 storeys’ each and the necessary government approvals (Clearance Certificate) for the first two towers (A & B) have been obtained. The construction activity for Tower A & B started in early 2015 and is likely to be completed by December 2017 whereas the construction for Towers C & D (booking yet to commence) will be commenced soon and is expected to be completed over the next three years’. Thus, the whole project would tentatively be completed by 2019-20.
The “White City” offers a wide option of 1, 2, 3 & 4 BHK flats as per the consumer requirements and budget. Unlike other premium projects across Mumbai, White City offers 1 BHK apartments with a luxurious lifestyle and a wide range of amenities.The key differential and USP of the White City is its spacious flats / apartments which are much larger than those generally offered by others across Mumbai. Further, it has an abundant 5 acres of open land parcel which is rarely observed in a city like Mumbai that is highly congested. Tower A and B comprises of 8 flats and 5 flats at each floor respectively. A typical 1 BHK would account for 459 sq. ft. (carpet area) while a 4 BHK would account for 1679 sq. ft. (carpet area).
The base rate is Rs.12,690/- per sq. ft. with additional floor rise of Rs.54/- from 2nd floor onwards. The details of the various configurations offered are as under:
For Wing A:
|Flat Series||1 & 2||3 & 4||5 & 6||7 & 8|
|Flat Type||1 BHK||1 BHK||2 BHK||1 BHK|
For Wing B:
|Flat Type||2 BHK||3 BHK||3 BHK||4 BHK|
White City: Understanding the financing option / scheme offered
An easy and convenient financing option is a need of the hour to buy a big ticket like an apartment/flat at Mumbai. To address the same, the developer has launched 10:70:20 scheme for the White City apartments. The same is explained as under:
- Payment for the 10% of the value of flat / apartment (plus stamp duty, registration and other charges) is to be made upfront thereby booking the flat.
- The next 70% can be paid through loan (exclusively offered by ICICI Bank / IndiaBulls)
- For the 70% payment made through loan, buyer gets an advantage in terms of pre EMI as the interest component upto December 2017 (tentative possession date) would be borne by the developer.
- Actual calculation of the pre-EMI scheme would depend on the quantum of loan opted for and hence, would vary amongst the buyers’.
- The remaining 20% is to be paid at the time of possession (which may be done through a mix of loan / personal savings).
Thus, the scheme will make it convenient for the buyers’ to live the luxurious life by booking the apartments / flats at the “White City” with relatively small token amount. The said scheme/option is available only for a limited period and is valid upto June 21, 2016.
White City: Amenities and Location
“White City”Club house shouts out modernity – it consists of badminton, squash, table tennis court, cricket enclosure,gymnasium, spa, library, games room, swimming pools, cabana, party terrace and much more. The project has Wi-Fi enabled lobbies, contemporary deck with lounge seating, jogging track, skate rink, half basketball court, kid’s play area etc.
Apart from above, Rajesh White City has all other necessities / conveniences in its vicinity. There are various social spots like Schools, Hotels and Restaurants, Movies and Entertainment, Hospitals, Malls and Shopping Centre’s, Banks/ATMs etc. within a span of around 1 kilometer. To add on, one will get a spectacular view of the lush green Sanjay Gandhi National Park on one side and the city on the other. Further, the Kandivali Railway Station and Western Express Highway aren’t too far away and are well connected by public and private transport. To reach the site through the Western Express Highway, a turn from Samata Nagar Police Station is required. The Sai Baba Temple is also located nearby.
Overall, the White City by Rajesh LifeSpaces brings a spacious leisure and luxurious life desired by many in Mumbai. And with a wide range of offerings and an easy finance scheme to go with, White City homes might appeal to several (developer website).