Project Overview: Indiabulls Greens, Mumbai
Indiabulls Greens is one of the most awaited projects in Panvel, launched by a premier real estate developer - Indiabulls. Indiabulls is synonymous with luxury housing, and has executed many successful projects in Mumbai.
The Product: Indiabulls Greens
Sprawling over 75 acres, the master plan of Indiabulls Greens has been meticulously divided into several neighbourhoods each with a set of towers. The project offers 6571 units of spacious 1/2/3 and 4 BHK apartments. The Super-built-up area of these units range from 490 sq ft - 2,621 sq ft.
The project also features:
The Builder: Indiabulls
Headed by Sameer Gehlaut, Indiabulls is a leading real estate development company. The company has a strong presence across Delhi, NCR, Chennai and Mumbai. Since its inception, the group has completed construction on land spaces over 3.3 million sq. ft., and more than 72.68 million sq. ft. is currently under different stages of construction.
Directions to Reach:
Indiabulls Greens occupies a prime location in Panvel. Conveniently located on the busiest business corridor running between Mumbai and Pune, Panvel is at the brink of rapid change. One can easily reach Panvel via an extensive road networks, public transport and railways.
Locational Advantages:
Infrastructure and Future Growth Prospects:
Panvel is a rapidly developing location. Both social and civic infrastructure around the project site is in good shape. The area enjoys good connectivity to other neighboring area like Kamothe, Kharghar and Taloja.
The proposed Navi Mumbai Highway and SEZ Logistics Park are some of the key contributors to the growth of real estate in Panvel. In addition, there is a plan to develop a 22.5 kms six-lane Trans Harbour that will link south Mumbai to Nhava Sheva. It will further boost the connectivity of this suburb.
Price/Location Comparison:
According to reports from PropTiger Data Labs, projects in Panvel are priced at 5,235 per sq.ft. on average whereas Indiabulls Greens offers apartments at a price of. 6,306 per sq.ft. The price of the project is high in comparison to average locality price.
Other similar projects are available at a price range of 5,687 per sq.ft. for Marathon Nexzone and 5,493 per sq.ft. for Arihant Akanksha.
Is it advisable to buy Indiabulls Greens at such a high price? We will say 'yes'.
Real estate prices in Panvel are likely to appreciate due to its well-developed infrastructure and good connectivity. Close proximity to the upcoming airport will also bring rapid development to the area.
So analyze your trade-offs, and take the pros and cons into account. If this looks like a beneficial opportunity to you, then hurry up and invest in Indiabulls Greens.
PropTiger's ratings after judging the project on different parameters:
Parameters | Rating |
Builder | Good |
Price | Average |
Project | Good |
Location | Good |
Overall Recommendations:
If the builder's reputation and luxurious amenities matter a lot to you, then Indiabulls Greens could be the best buy. The project is definitely a good investment for any investor looking to benefit from developing infrastructure.
For more info about this project, visit PropTiger.com