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Project Watch: Rachnaa Solitaire, Mulund West, Mumbai

June 22, 2015   |   Proptiger

Mulund, often termed as the 'Prince of Suburbs', is a suburb situated in the northeast of Mumbai. The earliest planned suburb of Mumbai city, Mulund was designed by architects from Crown & Carter in 1922. Since the 1990s, the place has witnessed an upsurge in real estate due to the development of social infrastructure and availability of affordable residential and commercial properties. Today, the new residential projects in Mulund are attracting a growing number of home buyers. Rachnaa Solitaire is one such premium residential project by Rachnaa Group. Should this be your dream home destination? PropTiger.com reviews the project. The Product Rachnaa Solitaire offers 34 units of 2 BHK and 3 BHK apartments. The super built-up area of 2 BHK apartment ranges from 804 to 894 sq. ft. and for 3 BHK, it is 1,200 sq. ft. respectively. Let us compare Rachnaa Solitaire with Rachnaa Pushpkunj, one of the ready to move in residential projects in Mumbai. Both the residential projects are situated in Mulund West. Pushpkunj offers 21 units of 2 BHK apartments with a super built-up area of 621 to 694 sq. ft. In comparison, Solitaire offers a greater super built-up area and a choice between 2BHK and 3 BHK apartments. Location Rachnaa Solitaire is located on Dr R P road in close proximity to LBS road and the nearest landmark is Dgyan Sarika School and Junior College. Shree Lohana Kanya Vidyalaya is 0.3 km away and Navbharat Nutan Vidyalaya is 0.2 km from the project site. Some of the locational advantages are: 1) The Lal Bahadur Shastri Road is 1 km from the residential project. 2) The project is located strategically and provides easy commute to the residents. The Mulund railway station is 3.4 km, Thane railway station is 4.7 km and Bhandup railway station is 5.3 km from here. 3) There are various bus depots in the range of 4-5 kms. The nearest includes Mulund depot which is 0.1 km away and Johnson and Johnson Co., which is 0.2 km away.

The Builder Rachnaa Group is an ISO 9001:2008 certified real estate firm with an experience of nearly 2 decades. They have made a strong presence in Mumbai's realty market by building residential as well as commercial properties. Key projects include Grand Edifice, Rachnna Solitaire, Laxmi Prabha etc. Rachnaa Group strives to provide a living experience that is as close to nature as possible. They also attempt to build residential townships that cater to people from all segments of the socio-economic strata.

Infrastructure and Future Prospects Mulund West is settled located along the foothills of Sanjay Gandhi National Park in Borivali. It has easy access to Eastern expressway and Navi Mumbai from Mulund-Airoli Bridge. The suburb is well-connected to other localities such as Ghatkopar, Bhandup and Vikhroli from LBS road and nearest railway station, Mulund West. Mulund, initially an industrial hub, has witnessed a rapid transformation in a span of 10 years. Old firms and structures have been replaced by malls, recreation spots, and affordable as well as luxurious residential projects. Since then, social infrastructure has been continuously developing. No development is complete without educational institutions and medical facilities and similar is the case with Mulund West. It has some renowned educational institutions such as Friends' Cooperative Education Society School, J.J. Academy, IMS India, etc. Healthcare providers include Orthomax Orthopaedic Hospital, ESIS Hospital, Fortis Hospital, etc. LBS Marg is the place of shopping arcades such as Shoppers Stop, Nirmal Lifestyles, R Mall, etc. Real estate in Mulund West has witnessed a positive drift with rise in demand, as it remains one of the safest and greenest suburbs in Mumbai. Its smooth connectivity to important localities such as Thane and availability of affordable as well as luxurious homes with a whole new package of shopping malls has lured the home buyers. Property rates in Mulund West have appreciated by more than 20 % in last one year.

Price Comparison Rachnaa Solitaire is priced at Rs. 17,587, which is higher than the average apartment price in Mulund West at Rs. 13,410. This is due to the expensive architectural designs used in this project. The project is also compatible with the natural surroundings. A slightly higher cost, therefore, shouldn't be heavy on your pocket.

PropTiger's Rating

Parameters

Rating

Builder

Good

Project

Very Good

Price

Good

Locality

Good

Overall Recommendation Mulund West is a good locality with sound infrastructure for your dream home. Rachnaa Solitaire is a residential project with a Unique Selling Proposition of safe and green living with Balinese architectural design. Also, property prices here have appreciated by more than 20 % in the last 6 months. Therefore, the project is good for both end users as well as investors.

For more information about Rachnaa Solitaire, please visit PropTiger.com.




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