Project Watch: Gangar La Paradise Borivali, Mumbai

Borivali in Mumbai is often termed as the 'lungs of Mumbai', because there are gardens in almost every block and the famous Sanjay Gandhi National Park is in the vicinity. The area has become one of the most sought after localities for home buyers, and this has led to the development of a large number of residential projects in Mumbai. Ready to move in flats in Borivali and upcoming properties in Borivali are available at comparatively lesser prices than in other areas of Mumbai. Gangar La Paradise is an upcoming residential project in Borivali West that offers 3BHK and 4BHK homes.

Will the luxury project meet the expectations of home buyers? PropTiger.com reviews this project.

The product
La Paradise is designed to offer a life of luxury to home buyers. Gangar La Paradise spreads over an area of 4.4 acres. The project offers 58 upcoming flats for sale in Borivali. The super built up area of 3BHK and 4BHK apartments is 2,875 sq.ft. and 3,730 sq.ft. respectively.

Let us compare Gangar La Paradise with Veena Sky Heights and Ajmera Pristine -- these three is located in the same area. Veena Sky Heights spreads over an area of 3.25 acres and offers 66 units for sale, and this means that the project has an apartment density of 20.3 flats per acre. Ajmera Pristine spreads over an area of 9.72 acres and offers 252 units for sale, which relates to an apartment density of 26 flats per acre.  La Paradise has an apartment density of 13.18 flats per acre, and therefore, this project offers better public space than the other two projects.

Location
Gangar La Paradise is an upcoming property in Mumbai, located on Gorai Road, Borivali West, and the nearest landmark is Sailee School.
Some of the locational advantages are:
* The residential complex is 18 kilometers from the domestic airport and 14 kilometers from the international airport.
* Borivali is full of gardens and the area is known for its greenery.
* Many tourist attractions such as Kanheri caves, Mandapeshwar caves, Sanjay Gandhi National Park, etc. are located here.

The builder
The Gangar Group was formed in 1997. The developer is known for building well-designed structures with structural durability. The builder has carved its name for developing commercial, as well as residential, projects. The projects of the Gangar Group are primarily in Mumbai and Bangalore.

Infrastructure and future prospects
Borivali has a sound social infrastructure and has a good public transport facilities, served by BEST buses, taxis and local trains. A monorail and a metro line are also proposed in the area.

Some of the well-known educational institutions located in the area are St. Don Bosco School, St. Francis High School, St. Francis Institute of Management and Research, etc. Health care providers here include Apex Hospital, SRL Ranbaxy, Vansh Hospital, etc. 

Real estate in Borivali has witnessed faster growth than properties in other parts of Mumbai. This is because the state government has relaxed Development Control Rules for the western suburb by providing extra Floor Space Index (FSI). This has facilitated the growth of highrises in the area.

Price Comparison
La Paradise is priced at Rs. 17,500 per sq.ft., which is higher than the Rs. 14,508 per sq.ft. average price of apartments in the locality. Also, Veena Sky Heights is priced at at Rs. 18,000 per sq.ft. and Ajmera  Prisitine is priced at  Rs. 14,400 per sq.ft.  In past 24 months, La paradise has witnessed price increase of nearly 29%, whereas Ajmera Pristine witnessed 23% and Veena Sky Heights recorded 24% increase in price rise.

PropTiger.com's rating

Overall recommendation
Gangar La Paradise is a good option for both investors and end users. The average apartment price is higher, but it is a good investment deal as property in Borivali has appreciated rapidly after the building norms have been relaxed.

For more details about Gangar La Paradise, call PropTiger.com.