Bhagtani Serenity Powai review

Q: What are the future prospects of investing in this project?

Ashish Bhoite, Mumbai

7th March 2013

Investment Advice in Mumbai

builder review

apartments in mumbai

mumbai real estate

apartment review

bhagtani serenity powai

project reviews

flats for sale in mumbai

flats for sale in powai

jaycee homes limited

possession delayed

powai real estate

Follow Discussion

Also see discussions for

Mumbai Investment Advice Investment Advice in Mumbai

Replies (22)

JAYC serenity project sufferes can send their contact no and name at 7227938876 to join a group.

B.R.Yadav, Apartment Resident

21st August 2017

Comment

Mr Rahim no is above in his post

B.R.Yadav, Apartment Resident

18th August 2017

Comment

Mr Rahim has shared his no. Let us talk to him and if he agrees we can form a whatsapp group by sharing our no

B.R.Yadav, Apartment Resident

18th August 2017

Comment

CAN SERENITY SUFFERERS MAKE A WHATS APP GROUP.?

B.R.Yadav, Apartment Resident

18th August 2017

Comment

Hi folks,
last year in June, there was talk of builder having gotten clearance on land title. Anyone know if that was actually true? Did anybody hear back on their notice? Did anybody among you told the builder that you didn't find any plan submitted so how they expect IOD?

Abhishke Karule, Mumbai

18th February 2016

Comment

Hi Abhishek,
Good point. Investors and buyers should ask to see the agreement copy and papers of the property. The builder has been taking investors for a ride for a very long time. I have checked the building approval status online, BMC has facilitated this online check through ''autodcr''.

Sashidharan,

18th February 2016

THEY HAVE GOT THE IOD LAST WEEK

rlavap, Mumbai

30th April 2016

no update still they are saying they have received the IOD. very difficult to get the details of serenity. even every time SRM team gets changed. no idea when serenity gets start.

Darshana, Apartment Resident

27th September 2016

Very difficult to get the details of Serinity. whenever we called always answer is 3 month which year don't know. why serenity is delaying this project . very difficult to understand. at least now they should start the work. still CC has not received. no idea if they have applied for this or not. Every time CRM person get replaced.

Darshana, Apartment Resident

27th September 2016

Is there a whatsapp group for serenity for home buyers of this project?

Sunil Bhatia, Apartment Resident

1st October 2016

Hello Sunil,

there is no whatsapp group for serenity for home buyers of this project. but we can. so that we will get more clarity as I have booked the house three years back. you too. pls share the no or email id

Darshana, Apartment Resident

23rd November 2016

What Rajat & Ketal have mentioned above is true. And my advice to all the buyers as well as the investors, do not invest in any project which is at pre-launch phase. Pre-launch means the builder have not got all the necessary approvals but still want to sell the project to raise the money for clearing the document approvals from concerned government department.

Ramesk Polekar, Mumbai

4th June 2015

Comment

Right Ramesk,
Now-a-days, it has become a fashion for the builder. Such projects never complete. The builder use these money to complete their other projects. To attract the buyers and investors they offer attractive offers and discounts so that we get attracted towards that projects. Please, check all the necessary approvals before investing in any project.

Rajatrawal, Mumbai

4th June 2015

I think so Rajat............
Improper reply from the Developer side. No investor was aware that it gonna take 5 years to start the project & 10 yrs to complete or may not even start.

Ravindra Singh,

17th July 2015

@Ravindra,
Even i got the same reply. Every time they say IOD or approvals in next 3 months. I don't understand that which 3 months they are talking about. I am not able to understand why people are still investing in this group's pre launches even after so many posts about Jaycee group's different project all over Mumbai, where members have been continuously cautioning others to stay away from this group who does only pre launches, collect money and project does not take of even after 5 years.

pradyumanapte, Mumbai

17th July 2015

Is there a group of investors on whatsapp to know who all have invested . please guide 9619007713

Rahim,

31st January 2016

Hi folks,
Builder is saying that they will get the IOD before march end but i checked with BMC, they have not submitted any plan to municipal corporation. I think we should go to builder's office and ask for the plan submitted to BMC.

Sashidharan,

10th February 2016

Hmm, I am planning to send notice to builder and very soon i will send. I know it will impact zero on them but atleast it will help me a lot to take legal action against them. All builders get several notices and litigations nowadays, they very well know how to handle and wriggle out of it.

pradyumanapte, Mumbai

10th February 2016

Hi all,
I heard builder is in no mood to construct the Serenity project now as investors and buyers are already trapped because of " TITLE CLEARANCE OR IOD CLAUSE ". Current situation is that builder has got the title clearance for this project around 5 month ago. But i am not sure when are they going to start the construction work.

Ketalpujara, Mumbai

4th June 2015

Comment

Right Ketal,
And as per this clause builder is not obliged to pay any interest to investor even if they wait up to 10 years, Project is already delayed by 2-3 years. I think builder can wait wait till all the investors get out of project without any interested.

Rajatrawal, Mumbai

4th June 2015

Is there a whatsapp group for serenity for home buyers of this project?

Sunil Bhatia, Apartment Resident

1st October 2016

Hi all,
The project is located near Hiranandani hospital Powai Mumbai. Bhagtani serenity includes monument which has 4 wings, It offers 1/2 BHK luxurious apartments. Bhagtani serenity, wonderful construction of Jaycee homes has 2 level podiums for car parking and it is proposed 39 floors monument. It has world class amenities like swimming pool, gymnasium, clubhouse etc on podium level. Construction will start in January'2015.

Lalit Verma, Mumbai

25th November 2014

Comment

Smriti, please update on receipt of your allotment letter.

Shweta Tomar,

19th October 2014

Comment

Hi Shweta,
This project was launched 2.5 years back and still some approvals are pending. Government rules are the same for every builder. When others builders can get IOD in months and Bhagtani does not even apply for an IOD in 2.5 years back for certain projects, its very clear about what is their intention.

Shantanu Kumar, Mumbai

25th November 2014

I am not telling you that builder is bad because they have successfully completed so many project in and around Mumbai. Sometimes, a developer has to face a lot of difficulties during the approvals. 1 and 2 months can be waited but 2.5 years is quite unbearable.
So, before investing in any project check the legal documents again and again. Better, take the help of a legal expert. Verify the documents to its nearby municipal corporation.

Shantanu Kumar, Mumbai

25th November 2014

How is the real estate market in Powai? Will it be a good idea to invest in this locality?

Ashish Bhoite, Mumbai

11th August 2014

Comment

Powai is an eastern suburb of Mumbai and is a posh locality situated on the banks of Powai lake. It has Sanjay Gandhi National Park to the north, L.B.S Marg to the north-east, hills of Vikhroli park site to the south-east and Chandivali to the south-west. Powai is a cosmopolitan and westernized culture owing to the mixture of various communities living in this area.

Last year has seen a steady rise in property rates for residential properties with minor fluctuations. Multistorey apartments saw a rise of property rates from Rs. 14,800 to 18,270 per sq-ft while residential houses saw a rise from Rs. 14,400 to 14,620 per sq-ft.

Sanjana Jain, Mumbai

11th August 2014

Hi...what is the future prospects of this projects? can anybody please help. should we invest in this project at 30% advance at 11K/sqft...
RD Mumbai

Rajesh, Mumbai

3rd July 2014

Comment

Hi Rajesh, Not sure about this project but if you are investing for projects by reputed builders... You can check for the project Hiranandani Zen at Powai.

Neeraj Rao,

11th August 2014

hi.. Is the IOD approval for Bhagtani serenity received..

Subramaniam Konar,

15th June 2014

Comment

@Subramaniam, What is this IOD approval? Have you booked a property is this project how was the experience?

Padma G, Mumbai

11th August 2014

Hi Ashish,
I am looking fwd to invest i n Bhagtani Serenity. Have you got your documents? Do these documents hold any legal sanctity? As per my lawyer, the allotment letter would only be provisional, giving discretion to the builder to change the flat layout, floor or area. Would you advice any watchouts when I visit the builder's office? Pls reply.

akanksha, Apartment Resident

5th November 2013

Comment

Recently, I had booked a property in Bhagtani Serenity by paying 30% down payment of the property value. Now, it is becoming tough to get the allotment letter for almost 3-4 weeks now. A 3.09% service tax was asked in advance on the amount of 30% I paid and on top of that no invoice or receipts were given to me.. I feel like losing my hard earned money and not getting any assurance as of now. Hope to get the right documents asap.

Ashish Sharma, Mumbai

21st March 2013

Comment

Did you finally get the allotment letter? I am planning to book this property too. Did you go through a broker or directly. Thanks for any info on this

lavinia, Mumbai

11th July 2013

hello. they are offering 9750 per sqft with 30% down payment

smriti, Mumbai

27th July 2013

i heard they are finding it hard to sell. i visited the office and negotiated 10k with 30% down payment and 11th floor. it seems they are desperate to sell.

smriti, Mumbai

27th July 2013

they also said if i get more buyers they will further reduce the price. i am too confused. they said they will take a year for all approvals and 2 years to start construction. it seems too long a wait.

smriti, Mumbai

27th July 2013

Hi, I was looking at investing in this property as well...Ashish, did you get your documents finally? at what rates?

Serena P,

22nd October 2013

I had a call with the sales guy. it Seems that the rates are 11k for 30% upfront, 10.5k for 40% upfront and 10k for 50% upfront payment.I think it is a decent option for investors. Not great for end users as I think delivery will take 3.5 years.Investors could look at 50% appreciation in 2-3 years.

Anuj Gupta, Mumbai

21st March 2013

Comment

hello. they are offering 9750 per sqft with 30% down payment

smriti, Mumbai

27th July 2013

I have visited the site recently. It is within 500 meters distance from Hiranandani Hospital and also that road carries on further to meet JVLR. The site is very narrow and that is the reason the builder is developing more of 1 BHK apartments and few 2 BHK apartments. It is not a redevelopment project and the site is empty. Layout is approved and IOD has been applied for. IOD + CC expected in 6-7 months after which the project will be formally launched.

Suresh Khanna, Mumbai

21st March 2013

Comment

I believe it is the same with all the builders.. All the main builders like Lodha, etc are the same. The real thing is whether this kind if investment would give good returns within 2-3 years. Also, would it be advisable to go ahead with the plan?? I am also bit confused for this project. Some of the points which I have researched and are the pros are:- Good Location and Price is negotiable- 30% at least for 6-7 months, Exit option in a year or so.. Some of the cons are builder reputation, Pre-Launch without all the approvals obtained.. Please advise.

Sanjana Jain, Mumbai

21st March 2013

Comment

This builder already has a project by the name Bhagtani Krishaang going on in Powai. This project is under construction since the last 6 yrs and is not even half complete since then. Doesn't seem to be a good builder.

Priyadarshini, Pune

20th March 2013

Comment

Isn't 30% downpayment for a prelaunch project too much. also what is IOD? and does anyone know about the builder reputation, are they trustworthy?

Abhijit Thanki, Mumbai

20th March 2013

Comment

It is not possible to compare with Hiranandani Gardens as the rates are sky high around Rs 25-30 k. Also, the old buildings in the vicinity have Rs 14-15k as the rates today. Rentals are around 20k/ month for 1BHK. Location is good enough and has a direct road to JVLR/ IIT Gate around 500 mtrs.

Vineet Tendulkar, Mumbai

20th March 2013

Comment