Project Of The Week : Lodha Luxuria Priva, Thane West
The Maximum City, Mumbai, has been embracing a large migrating population from across the country, given the occupational opportunities that it has to offer. With the growing population, the city has witnessed a boom in demand for residential properties despite fronting the restrictions of accommodating space.
According to a report by PropTiger.com's Datalabs division, which talks about the performance of real estate sector in second quarter of financial year 2015-16, the overall property prices in Mumbai have gone up by four per cent. Though the report also suggests that the demand for affordable homes has gone up in the city, the Mumbai's real estate offers plenty of luxurious options as well. One of them is Lodha Luxuria Priva located in Thane West, a Mumbai suburb.
Let's see what the project has in store for you:
The project Lodha Luxuria Priva is a luxurious residential community which spans over a land area of four acres. The project will have 292 home units, which includes apartments in 2BHK and 3BHK configurations. While 2BHK apartments are available in carpet size area of 787 sq ft, 3BHK apartments are available in two options -- 1095 sq ft and 1300 sq ft, respectively. The design of apartments reflects latest trends across the sector.
The project offers a range of facilities to preserve the needs of the residents to lead a comfortable lifestyle. Some of them include:
The locality
Lodha Luxuria Priva, Thane West is strategically located in one of the most popular areas of the city. Landmarks that near to the project location include Gateway of India, Marine Drive, Upwan Lake, among others. Thane West is also well-connected to the city centre and other key areas. Moreover, Thane West has its own mini habitat that has everything to serve for the daily requirements of a resident.
Infrastructure & future prospects
Thane West has always been considered to be one of the most 'updated' suburbs of Mumbai, attributed to the well-developed infrastructure. The area has 405 residential projects, of which 242 are ready to move in. Thane West is considered to be a market worth investing in as the area has witnessed an upward trend in the property prices. In last one year, there has been price rise of 7.3 per cent. The municipal corporation of the area has also come up with a plan of Mass Transit System, which along with the metro corridor of Thane- Kasarvadavli, will facilitate as well as redefine the connectivity of the locality with the other parts.
The price
The apartments at Lodha Luxuria Priva, Thane West are available at a price of Rs 10,700 per sq ft, which is higher than the average price of the locality — Rs 9,464 per sq. ft. Thane West has a mixture of affordable and luxury projects. Some of the projects of the area such as Rustamjee Urbania and Sidhhi Highland Park are available at the rates of Rs 9,850 per sq ft and Rs 9,500 per sq ft, respectively.
The developer
The Lodha Group is recognised as a developer, which has its expertise in developing luxurious projects. It has been spreading the charm of its phenomenal work since 1952. The developer has been credited for the development of some of the benchmark projects, the most popular ones include World One, the highest residential tower of the world (once completed) and Bellissimo, an expansive township project having more than 1000 landscapes within its boundary, among others.
PropGuide's verdict
| Parameters | Remarks |
| Project | Good |
| Price | Good |
| Locality | Very Good |
| Developer | Very Good |
Overall recommendations
Lodha Luxuria Priva is a great residential project, which will meet the expectations of the home seekers who appreciates a luxurious lifestyle. The project is a good choice for the investors as well because of the prime locality. The project scores 8.4 on a scale of 10 in Livability Score calculated by PropTiger.com, which is based on the quality of amenities and the locality of a particular project.