Here Are Mumbai's Top 5 Apartment Societies
India's financial capital Mumbai is considered a good place to live in, where autowallas always switch on the meter without arguing. While finding a good apartment society in Mumbai is a tedious task, people always look for areas close to Colaba Causeway, Fashion Street, Hill Road, Chor Bazaar and Linking Road. Since Mumbai is also a great city for career opportunities, people from different cities come here to find livelihood.
PropGuide lists the top five apartment societies in Mumbai, ranked according to the number of units sold in the April-June quarter of 2016.
The number one apartment society in the list is Radius Developers Chembur Phase-1, with 366 units sold in the quarter from April to June. The project will be launched soon, and will be made available for possession in December 2020. There are 924 apartment units in this project. Apartment sizes range from 365 sq ft to 1,337 sq ft. The project is spread over an area of 40 acres. Apartment units can be purchased from the developer. The amenities offered include a gymnasium, a children's pool, a clubhouse and a swimming pool. The project is in great demand because it is situated in a good locality. Chembur is situated on the harbour line, and is witnessing great development. The price of apartments in Radius Developers Chembur Phase-1 ranges from Rs 42.3 lakh to Rs 1.55 crore.
Kalpataru Immensa, Thane West is second in the list, with 340 sold units in the April-June quarter. The project will be launched soon, and will be ready for possession by March 2020. The total area of the project is 108 acres. There are 1200 apartments in Kalpataru Immensa that vary within the range of 680 sq ft to 2,032 sq ft. The project has a clubhouse, a car parking lot, a swimming pool and rainwater harvesting systems. The apartment units are priced between Rs 53.7 lakh and Rs 1.61 crore. Thane West is one of the most promising localities in India. It is well connected to the Eastern Express Highway, and this makes commuting easier. The Thane police does a good job in maintaining safety in the locality. So, the project is a great place to live in. Apartment units can be purchased from the developer.
Also Read: What To Do When You Don't Have An RWA?
The third in the list is Haware Paradise, Bhiwandi. This project has sold around 212 units in the April-June quarter April. The project is newly launched, and will be ready for possession by March 2019. There are 312 apartment units in this project. Apartment sizes range from 377 sq. ft. to 876 sq. ft., and can be purchased from the developer. The amenities offered include a swimming pool, a gymnasium, a clubhouse and landscaped gardens. Apartments in Haware Paradise are priced between Rs 1.41 lakh and Rs 32.9 lakh. This project is great place to live in, because it is situated in Bhiwandi. The cost of living here is quite reasonable. Apartments are affordable too.
Dheeraj Reality LivSmart, Kurla, Mumbai is at the fourth position, with 160 sold units in the April-June quarter April. The project was launched in January 2016. It will be ready for possession in January 2019, and has 1,680 apartment units. The project is currently under construction, and is spread over an area of 4.5 acres. The apartments in Dheeraj Reality LivSmart are sized between 615 sq ft and 925 sq ft, and can be purchased directly from the developer. Some of the amenities the project offers are a gymnasium, a children's play area and landscaped gardens. The price of apartment units range from Rs 83 lakh to Rs 1.12 crore. The locality is great to live in. Real estate prices are high in Kurla. Commuting is easy and there are good schools and offices in this area.
Puranik Tokyo Bay Phase-II, Thane West is at the fifth positon. 127 units were sold in the April-June quarter. The project will be launched soon, and will be ready for possession by December 2019. There are 462 apartments in the project. Apartment sizes range from 679 sq. ft. to 1, 049 sq. ft., and can be directly purchased from the developer. The amenities includes children's play area, rainwater harvesting system and power back up system. Apartment prices range from Rs 51.6 lakh to 79.7 lakh.
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To know about 8 low-cost residential projects in Mumbai, read on...
Mumbai is witnessing a high demand for properties, and low-cost residential projects are also coming up in the suburbs. If you are looking to buy low-budget homes in Mumbai, PropTiger.com has shortlisted 8 projects that are available at a very low cost without compromising on basic amenities and specifications.
1) TBP Group's Ashatavinayak Residency
Ashatavinayak Residency is a residential project by TBP Group. Located in Bhiwandi, Mumbai, the project offers 205 units of 1BHK and 2BHK apartments with super-built-up area ranging from 279 sq. ft. to 655 sq. ft.
Ashatavinayak Residency is a blend of creativity, culture and modernity at low prices.
Price range: Rs. 6.7 -15.7 lakh
2) Balaji Properties' Ashtavinayak Residency
Ashtavinayak Residency is a low-budget residential project by Balaji Properties. Located in Bhiwandi, Mumbai, the project offers 440 units of 1BHK and 2BHK apartments with unit sizes ranging from 300 sq.ft. to 900 sq.ft. The area is connected to all major areas in and around Mumbai city via the Mumbai-Agra Highway. Bhiwandi Road Railway Station is at a distance of 2 kilometers and the Chhatrapati Shivaji International Airport is 32 kilometers away.Price range: Rs. 7.2 – 21.6 lakh.
3) Real Buildcon's Liberty Horizons
Real Buildcon Liberty Horizon is a huge township consisting of 1,000 homes. Located in Neral, Raigad district, the project enjoys good connectivity to Mumbai, Navi Mumbai and Pune. The project offers 1,008 units of 1BHK and 2BHK apartments. The super-built-up area of 1BHK ranges from 269 sq.ft. to 363 sq.ft. and super-built-up area of 2BHK is 560 sq.ft. Price range: Rs. 8 -16.7 lakh
4) Shree Mahavir Patwa City
Shree Mahavir Patwa's Mahavir City is another low-budget project in Mumbai. Located in Bhiwandi, the project enjoys good road connectivity to other parts of Mumbai city via the Mumbai-Agra Highway. The project offers 1,027 residential units of 1BHK, 2BHK and 3BHK apartments. The super-built-up area of 2BHK is 300-570 sq.ft., 2BHK ranges from 640-756 sq.ft. and 3BHK ranges from 940-1,010 sq.ft.
5) Milestone's Vrindavan Park
Milestone Projects' Vrindavan Park is a residential project located in Boisar in Palghar, bordering Mumbai. It is a perfect combination of luxury and affordability. The project offers 48 units of 1BHK with unit sizes of 435-500 sq.ft.
Vrindavan Park is an attractive destination for buyers preferring to reside in a home blended with good facilities and at low prices.
Price range: Rs. 9.1 -10.5 lakh
6) GK Developers' Hill View Residency
Hill View Residency is a low-budget residential project developed by GK Developers and located in Badlapur West, Thane. The road and rail networks are good and provide good connectivity to the city.
The Chhatrapati Shivaji International Airport is located at a distance of 57.7 kilometers via the Eastern Express Highway.The project offers 80 units of 1BHK and 2BHK apartments with super-built-up area of 390-750 sq.ft.
Price range: Rs. 9.4-18 lakh
7) La Homes' Arihant Heritage
La Homes has built Arihant Heritage keeping in mind the concept of community living. Located in Badlapur East, Thane, the project enjoys good road connectivity, via the Mumbai-Pune Expressway, with major landmarks in and around Mumbai. The project offers 270 units of 1BHK and 2BHK apartments. The super-built-up area of 1BHK ranges from 400 sq.ft. to 660 sq.ft. and 2BHK ranges from 700 sq.ft. to 865 sq.ft.Price range: Rs. 10-21.6 lakh
8) Mahindra Lifespaces' Happinest
Launched by Mahindra Lifespaces Developers, Happinest is another low-budget residential project in Boisar, Palghar. Spread over 14 acres, Happinest offers 359 units of 1BHK and 2BHK apartments with unit sizes ranging from 351 sq. ft. to 695 sq. ft.Price range: Rs. 10.5-20.8 Lakh
(Low-cost projects in Mumbai compiled by Swati Gaur on May 1, 2015.)