Project Of The Week: Chandak Paloma
Goregaon East is one of the prominent suburbs of Mumbai known for its swift infrastructural and residential development. The growth is driven by the commercialisation that began in early 1980s here. The area has in past few years has emerged as one of the top choice of the home buyers looking for property in the suburbs. The area is, also, easily accessible from various parts of Mumbai.
To capture this growing demand for real estate, Chandak group, a renowned developer, has come up with one of its latest residential project here named Paloma.
PropGuide explores the project in detail:
The project
Chandak Paloma is a contemporary residential project, which offers 114 residential apartments in 1BHK, 2BHK and 3BHK configurations. While the 1BHK and 2BHK apartments are available in super built-up areas of 1,040 sq ft and 1,280 sq ft, respectively, the 3BHK apartments are available in super built-up area of 1,330 sq ft. The developer has equipped the project with wide range of amenities that would be accessible to the residents. Some of them include:
The location
Goregaon East is a developed residential locality, which is well-equipped with civic and social infrastructure ensuring that the residents lead a comfortable life. It is served by the road links including NH8, Film City Road, Aarey Road, Western Express Highway, Goregaon Mulund Link and Jogeshwari Vikhroli Road. Some of the other advantages of the area include:
Future & infrastructure prospects
Goregaon East has emerged to be one of the favorite residential destination and is bordered with famous localities including Kandivali, Versova, Mulund, Andheri, Malad and Borivali. Owing to its connectivity and developed infrastructure, the area is attracting a lot of investors as well. The Bhiranmumbai Municipal Corporation (BMC) recently passed the tunnel project across the Goregaon- Mulund Link Road, which will begin by the end of 2016.
The price
The apartments at Chandak Paloma are available at a price of Rs 14,000 per sq ft. The average residential property price of Goregaon East is Rs 15,040, which makes this project affordable for home buyers looking for property here. Some of the other projects such as Kanakia Spaces Levels and Romell Group Diva are available for Rs 13,500 and Rs 14,000 per sq ft, respectively.
The developer
Chandak Group was established in 1986 and has pioneered many good projects since the time of its inception. At present, the organisation has a total of 10 projects under its kitty, of which four are under construction. Some of the significant projects by the developer are Shivalaya in Kolkata, 7th South Avenue in Girgaon and Edens Garden in Kandivali West.
PropGuide's verdict
| Parameter | Remarks |
| Project | Good |
| Price | Good |
| Locality | Very good |
| Developer | Good |
Overall recommendations
The project is well-suited for home seekers who are looking for a well-developer locality but away from the city.