Review of Balaji Residency in Panvel

Q: Hello.... Do you think that it is wise to invest in Panvel and this project especially

Amreesh Murugan,

22nd July 2014

Residential Project Review in Navi Mumbai

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Replies (6)

I am resident of Balaji residency please do not invest money this project is worst every midnight and during day there is power cut for 2-3 hrs and they do not have any back up for electricity they will put all blame on MSEB.I am suffering with this issue or else waste your money in buying invert er and electricity bill

pooh jajo,

1st August 2018

Comment

Hi all,
I have booked a flat in Balaji residency on February 2014 in phase-I by paying 4.5 lakh down payment. But till now there is no progress at all. Plz tell what to do?

Sankalp, Mumbai

2nd May 2015

Comment

pooh jajo,

1st August 2018

@Shreya,
Don't you think, if i had invested that booking amount in some back, atleast i would have got some interst over it, But here in this case i dont see my investment is giving me any results. it is totally dissapointed with the pace of work by these builders. Two years almost and the project not yet started. People laugh whn i tell this to anyone.

ujwal nikam, Pune

29th April 2015

Comment

pooh jajo,

1st August 2018

Hey,
I also booked a flat in Balaji Residency in March 2014 by investing 4 lacks as initial amount. Till date work has not been started. Every month they are saying that work will start in next month but that month never comes. Not getting what is actually going on and when work will start? Now i am fearing from loosing money though all the transactions are done by cheque only.

Balwinder Singh,

29th April 2015

Comment

Hi Balwinder,
You can analyze yourselves If the project is in a good location and the developer has a good reputation and is facing issues that will be resolved in the coming days, it is advisable to stay invested as long as one has the financial holding power. As i can see, developer has a good track record in Mumbai.

Shreya Agarwal, Mumbai

29th April 2015

Hello Shreya,
That means your opinion is to wait for some time. As builder has good track record in mumbai he will resolved the problem in few days?

Balwinder Singh,

29th April 2015

Right Balwinder,
Wait for the possession date given by the builder. You will be in a strong position If the builder is unable to hand over the project within the said period. Then you can take the advise of a legal expert .

Shreya Agarwal, Mumbai

29th April 2015

pooh jajo,

1st August 2018

Hey, what all amenities are there??

Amreesh Murugan,

22nd July 2014

Comment

well.. i was advised that there will be power back up, swimming pool, lifts, water storage, club house and park as well as competent maintenance staff.

Ravindra Singh,

22nd July 2014

Well Mr Murugan.. panvel is the area to invest as it is near by areas have already reached a saturation point and the natural expansion of the city. The project has 1 and 2 BHks apartments in a 15 blocks apartment complex.

Ravindra Singh,

22nd July 2014

Comment

Thanks Ravindra, what is the current price in this project?

Amreesh Murugan,

22nd July 2014

Well when i last enquired , the basic price was around Rs 3700 per sqft. so a 1 bhks of 523sqft size is available in a price range of approx 19Lakh onwards..

Ravindra Singh,

22nd July 2014

Please advise more about the locality.. how far is the railway station??

Amreesh Murugan,

22nd July 2014

well the panvel station is around 2.5km away from this project.. There are schools, hospitals and shops in a 3 km radius and the airport is within 5 km radius.. there is also a proposed airport in the area and the connectivity is excellant.

Ravindra Singh,

22nd July 2014