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Hi Anuskha, Has anyone booked flat in Groupco Malaga? How is the project? Is it good for invest? I want to buy 2BHK and later i want to rent it out. What would be the monthly rent for 2BHK?
Groupco Malaga by Groupco Developer is a CIDCO approved project and almost all the leading banks and financial institutions like HDFC Bank | LIC Housing Finance Ltd | State Bank of India | ICICI Bank are offering loan for this project.
This project is still under construction and expected to be completed by December'2017.
HI Abhishek, The biggest benefit for Panvel is that the International Airport is proposed in Kopra-Panvel belt. The Airport is expected to become operational by 2017. Due to this, a lot of construction is under progress as the Airport will have a 10-lane road. Experts say that mountain cutting and road development for the Airport projects has already begun.
As far as project connectivity is concerned, Panvel enjoys good connectivity through The Mumbai Pune Expressway, Sion-Panvel Expressway and NH 17. The Panvel railway junction is an important railway junction. The locality also has two main bus stands providing connectivity to Thane, Kalyan, Dadar, Uran etc.
Right Manilal, Located in the lap of natural landscapes and rich green environments,Malaga is a most desirable location to live in peace. Being excellently linked with Panvel,Karjat and Khopoli via NH-4 Expressway,the urban advantages of the project makes it an ideal place to live. Situated next to to NH-4 Mumbai-Pune Expressway. It has excellent connectivity through rail and road transport and at the same time wellconnceted to Alibaug and Pune city.
If you compare the price of Malaga with the locality price there is a huge difference in the price as well. The current price of Malaga Is Rs. 4250/sq-ft whereas the price in the locality is Rs. 5210/sq-ft. The values may vary depending on the location infrastructure, amenities, facilities and other related issues.
Hi, Groupco Malaga by Groupco Developers Pvt. Ltd. located at Panvel, Navi Mumbai offers 1 RK, 1/2/3 BHK residential apartments. 1RK 300 sq-ft., 1BHK in 550 sq-ft., 2BHK from 675-750 sq-ft. and 950-1200 sq-ft. It's current price is Rs. 4250/sq-ft. It will cost to you Rs. 12.75 lacs for 1RK, Rs. 23.37 lacs for 1BHK, Rs. 28.68 lacs to Rs. 31.87 lacs for 2BHK and Rs. 40.37 lacs to Rs. 51 lacs for 3BHK. Price mentioned here are are exclusively.
Hello Abhishek, There are several super specialty hospitals and medical centers which are located in a distance of about 3 kms from the project site. The list of hospitals include: 1. Paramount Hospital 2. Joshi Clinic 3. Purohit Hospital 4. Sahashravudhe Hospial & ICU 5. Shreeyash Hospital 6. Life Line Hospital 7. Dr. Patils Hospital
Hey, Nicely connected by local trains which has a stop at Panvel junction. There are buses run by state Govt and private operators from the site where the flats are coming up. Taxis and share autos are also easily available from this place to reach Panvel station.
Hello Vineet, Want to know if the project has been approved by concerned bodies and how well is the transport and connectivity to this project?? I have intention of purchasing a flat in this project.
Hey Praveen, Called up the marketing executive and learnt that the project has been duly approved by CIDCO. The project is coming up in the close proximity to Mumbai-Pune Expressway. It is also easily approachable via Uran Road. Panvel Junction is hardly few kms and one can also take the Panvel-Matheran Road to reach the project site.
Hi Deepankar, In fact I came through with one of the executive that they have 1,2, and 3 BHK units available in this project. 1 BHK has an area ranging from 675 sqft and are priced at Rs. 27 lakh onwards. 2 BHK comes with 750 sqft area and comes to about Rs. 30 lakhs. The area for 3 BHK measures 950 sqft and are priced at Rs. 38 lakh onwards. The price quoted are excluding registration, tax and VAT charges. They are quoting Rs. 4000 as the present rate per sqft.
Hello, Heard across the project has already been launched in Jan this year and work is going on in progress. The possession is going to take place by Dec 2016.
Oh K. Will somebody let me know what are the flats available in this project and their area?. What is the cost of the flats? How much is the builder quoting as the current rate per sqft?.
Hello - I am an investor in a near by project. This is still in very early stages. I would stay away from it for the time being. Let me know if I can help you with more information - 9699722088.
Hello Mikunj, The expand of Panvel-New Panvel is seeing huge growth of residential colonies that includes lots of multi-storey apartments. Proposed Navi Mumbai Highway, connectivity to NH-17-Goa Highway, proposed SEZ Logistics Park and closeness to neighborhoods like Kamothe, Kharghar and Taloja are some of the key members to the growth of real estate in Panvel. Some of well-known developers giving residential properties in Panvel are Hiranandani Palace, Tulsi Constructions, Indiabulls, Platinum Constructions, and Kalpataru Group.
@Mikunj, Average price of apartments here is Rs. 4500/sq-ft. Unit size of apartments range from 407 sq-ft. to 2530 sq-ft. with continuous development taking place, buying property in Panvel will definitely offer good returns in future.
The current residential property rate in the locality is Rs.4600-6050/sq-ft. Property rates in Panvel have risen by upto 25.6% in last 6 months.