Project Watch: GHP Trinity, Powai Mumbai

GHP group, a financial conglomerate in collaboration with Rajesh Life Spaces, has come up with GHP Trinty, a new residential project in Powai, Mumbai. GHP Trinty focusses on the latest architectural trends and is all set to offer an unparalleled lifestyle to the home buyers.

Let's explore the project in detail.

The Product

GHP Trinty spreads over an area of nearly 2 acres and offers 42 units of 3 BHK apartments for sale. The super built up area of these 3 BHK apartment ranges from 1,531 sq. ft. to 1,580 sq. ft.  The residential project offers premium residences. The flats are equipped with high end internal and external features and a vibrant public realm with world class amenities.

Let us compare GHP Trinty with GHP Sheldon, one of the ready to move in residential projects in Powai - both are situated in Powai. Trinty spreads over an area of 2 acres with 42 units for sale. This means it has an apartment density of 21 flats per acre, whereas Sheldon spreads over an area of nearly 0.5 acres and offers 24 units of 2BHK apartments. So it has 48 flats per acre. Thus, Trinty has a lower apartment density and is relatively well-planned.

Amenities
Gymnasium
Children's play area
Club house
Indoor games
Maintenance staff

Location
GHP Trinty is located in Powai, in close proximity to Jogeshawari Vikhroli Link Road(JVLR) and the nearest landmark is Hiranandani hospital. Residential projects in Powai have become extremely appealing for real estate investments in property in Mumbai. Some of the locational advantages of the area are :

1) Jogeshwari Vikhroli Link Road passes through Powai and connects western and eastern suburbs of Mumbai.
2) The Mumbai International Airport is also located at a driving distance of 5kms. So, if you frequent fly to other parts of the world, it is very convenient.
3) Kanjurmarg and Vikhroli railway station are also 3.5 kms from Powai . So commuting to other parts of Mumbai is easier.

Infrastructure and Future Prospects
Powai is one of the oldest suburbs in Mumbai and has a well-developed social infrastructure. Powai is connected to all major localities such as Chembur, Mulund, Ghatkopar, Kurla, etc via eastern expressway. The nearest railway station from Powai on the central main line of Mumbai Suburban Railway is the Kanjurmarg railway station. The place inhabits some prestigious educational institutions such as IIT Bombay, Indian Institute of Industrial Engineering, etc. Some of the healthcare providers in the area are Ageless Medica, Care & cure maternity centre, Ramani Hospital, etc.  

Powai is the hub for start-ups and young entrepreneurs. Residential projects in Powai are one of the affluent segments to invest in real estate in Mumbai as the area has grown exponentially in recent years. Powai is one of the suburbs in Mumbai which has one of the most cosmopolitan and modernized culture because of the various communities living here. Real estate in Powai is witnessing an upsurge and attracting renowned developers.

Price Comparison
GHP Trinity is priced at Rs. 18,000 sq. ft. which is slightly higher than the average price of the locality, Rs.17,757. GHP Sheldon's average apartment price is Rs 15,307. The presence of several corporate giants such as Deliotte, Bayer, CRISIL have triggered the demand for residential projects in Powai.

The Builder
GHP (Generations, Honour, Prosperity) is a financial conglomerate primarily focusing on wealth management, real estate investment and direct investments. It has a strong presence in UK, Russia, Switzerland, Japan , Hong Kong, Germany , etc. The group is a pioneer in the Russian real estate market. It has an experience of 41 years in the real estate market. Some of its benchmark projects include Residence Royal, Jaipur , Azure in Taloja , Mumbai ,Sonnet in Khargarh, Mumbai.

PropTiger's  Rating

Overall Recommendation
GHP Trinty is a good project if you are looking for a home to stay close to your office and enjoy the afterhours, as Powai has a vibrant night life. The project is priced slightly higher and it's possible that it might not appeal to home buyers as an attractive investment deal. But if you are looking for long term gains on your investment , GHP Trinty may offer you higher returns on investment.

For more information regarding GHP Trinty, visit PropTiger.com.