Project In Focus: Hillview Palmrose B, Mumbai

Andheri East is one of the prominent micro-markets of Mumbai. Being centrally located, the area is easily accessible from all parts of the city. There has been growing demand for residential properties as well as office spaces owing to new infrastructural developments like metro expansion projects.

PropGuide reviews Palmrose B, Hillview, a beautiful gated community that offers a dream lifestyle for buyers.

About the property

Project RERA ID: P51900000044

Palmrose B is spread over an area of 0.13 acres. It comprises of 87 apartments of 2BHK+2T layout with a carpet area of 330 sq ft which are designed to provide comfort and splendid views of tree-lined streets. The property is situated in the most desired Mumbai suburb, Andheri East and flanked by 6-metre and 14-metre-wide roads. It is bordered by Palmrose A, another project by the same developer. The project was launched in June 2017 and possession is expected by December 2024.

A host of contemporary amenities is provided to meet the needs of a modern resident. This

• Open car parking area
• Recreational open space
• Electrical meter room, sub-station, receiving station
• Sewage treatment facilities
• Street lighting
• Storm water drains
• Firefighting system
• 18 covered parking spaces

The developer

The property has been developed by Hillview Ventures which is a joint venture between renowned real estate developers Hubtown Limited, spearheaded by Hemant Shah and Vyomesh Shah and Atul Projects India Ltd. (APIL), led by its CMD, Atul Patel. The company has delivered several quality residential projects across Maharashtra.

The neighbourhood

The property is nestled in a locality named Jogeshwari in Andheri East, a popular suburban business district in western Mumbai. Tucked between highways viz. Jogeshwari Link Road JVLR and NH8, the neighbourhood experiences the hustle and bustle of a commercial hub. There are several corporate parks and manufacturing units in the vicinity as well as important industrial areas like Saki Naka, Mumbai Industrial Development Corporation and Santacruz Electronic and Export Promotion Zones. Bandra-Kurla Complex and Lower Parel, which are important commercial destinations are also within easy reach from the locality.

Connectivity: The international airport is just 4.1 kilometres from the area. With upcoming Andheri-Dahisar Metro line, connectivity is expected to improve in the area in the coming days. Transport connectivity is also provided by double decker flyover of SCLR which minimises the commute time to Navi Mumbai to less than 20 minutes.

Social Infrastructure: Schools, colleges, restaurants, plush hotels, multiplexes and retail outlets are also available in plenty. The Powai Lake is right near the property which is an exciting spot to spend the evenings. In addition, there are shopping malls viz. the Phoenix Market City and R City Mall. World class medical facilities are provided through the presence of various multi-speciality hospitals like Seven Hills Health city. The area is garnering the attention of several reputed developers in the industry with many projects presently in under-construction stages.

Average price in the area

The average BSP of a property in the locality is Rs 17,716 per sq ft. 1BHK apartments are available in the location at an average price of Rs 77.3 Lakh for an average unit size of 409 sq ft. 2BHK apartments of average unit size of 505 sq ft are priced at Rs 1.1 Crore whereas 3BHK homes with an average area of 1542 sq ft are available at a price of Rs 2.3 Crore.

PropGuide's verdict

With ample availability of affordable as well as spacious luxury apartments, the locality is sought-after among home buyers. The locality proves to be a perfect destination for both, families as well as working professionals.

For more details look for Palmrose B, Hillview on https://maharera.mahaonline.gov.in/