Bhagtani Serenity Powai review

Q: Hi, where is this project exactly lovated and what is the recent price per sq ft for this project?

Sunil Joshi, Mumbai

15th March 2013

Residential Project Review in Mumbai

pre launch

builders review

mumbai investment

bhagtani serenity powai

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Replies (8)

HI,
What is current rate in powai for pre launch? I am also investor for 1 BHK in Bhagtani Serenity in Powai. But This investment is questionable. If builder will not get IOD, then what will happen? IS he will be in position to refund all the money.

Abhishke Karule, Mumbai

9th September 2014

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Hi Abhishke,
In my view 9500/sq-ft is a very good rate for the pre-launch project. I think BMC is following Tortoise's speed and also our government who is not supportive and serious towards any infrastructure and development of mumbai ... They have not even applied for IOD yet forget about obtaining it. Firstly, they need to have clear land for which they are obtaining more money from new investors. Once land is clear, only then they can apply for IOD.

Vinay Dixit, Mumbai

9th September 2014

HI,
Any other developer who has started with pre launch near powai,please let me know somewhere around but 9500 its a good rate , investment point of view.

Abhijit Thanki, Mumbai

27th August 2014

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@Abhijit,
In my view Rs. 10000/sq-ft is a very good rate for the project. It's very lucrative for me because nowhere in Powai will i get a 1BHK Appts. at this rate and that too from a somewhat reputed developer. Hell nowadays rates in Borivali are touching 12000/sq-ft for under construction properties. One thing we have to remember that if the builder is offering these rates that means there still might be time for IOD CC to come.

Arup rajan, Mumbai

27th August 2014

Hello All,

Please share if anyone of you have latest updates on this project.
What I have heard from bhagtani office is that it is going to take another 4 months for IOD.

Please let me know your feedbacks if any.

Thanks

Naren Gupta,

6th August 2014

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HI Naren,
I think we should stop blaming govt. for each & every thing. If builder doesn't apply for IOD even after 2.5 years of prelaunch, then what govt can do in this matter. What is the point in getting property at cheap rates when the underlying asset itself doesn't exist and is still in planning stages.

Vinay Dixit, Mumbai

9th September 2014

I was told that this property is more towards vikhroli side. Its ont he edge of powai vikhroli. Chandivali, lake homes is closer from Hirandandi D-mart (central point), than this location.

Bikram, Mumbai

24th March 2013

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IOD (Intimation Of Disapproval) and CC (Commencement Certificate) makes it clear that the property you are purchasing is built on undisputed land and is BMC approved. Generally pre-launch is for typical investors or risk takers hence builders expect good percentage of down payment to give better price.

Sandeep Mhatre, Mumbai

24th March 2013

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I heard there is 30% down payment.. Isn't it too much for a prelaunch project ?? also what is IOD? and does anyone know about the builder reputation, are they trustworthy? more over Rs 12500 for a building with no approvals in place and for a building which lacks amenities is too much...... I think there is very little room for appreciation from these levels.

Arup rajan, Mumbai

23rd March 2013

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I had visited the site few months back.. Based on information with what I got from the sales people are:
11500 psf - 50% down payment
12000 psf - 40% down payment
12500 psf - 30% down payment

These are for flats upto 7th/8th floor - higher floors must be higher.. However, confirm with builder once..

Ashish Bhoite, Mumbai

23rd March 2013

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Yes I have heard about the project.. It looks good. IOD expected in 6 months. Possession can be expected by 2015 or early 2016..Bhagtani Serenity is an upcoming project of Jaycee Homes.. It offers 24 storey apartments having 1 and 2 BHK apartment whose size is ranging from 705-1145 sq. ft. at very attractive price. The location is also good with Hiranandani Hospital, IIT Powai, Mumbai in the vicinity..

Shrikant Kejriwal, Mumbai

21st March 2013

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