Buying in Patel Colosus

Q: Please suggest me if Patel Colosus is good investment? Though the plan looks good, but i heard that work is stopped. I am keen investing in this Project. But some of my friends are advising not to do so. According to them Project started more than 2 years before in 2012 but still 2 slabs are completed and work is halted. Please advise whether this is bad choice ?

Rajiv Saxena,

17th November 2014

Buying property in Patel Colossus, Kalyan West, Mumbai

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Replies (5)

Thanks for all information. It would helped me in taking decision. But may main question is still unanswered which is about construction. Is it on hold? If i see Patels web site possession date is Dec 2015. I came to know it is delayed by 1 year and it is now Dec 2016. But as per above conversation, it is further delayed Dec 2017 :)

Rajiv Saxena,

18th November 2014

Comment

Thanks Lalit,
One last question. When is the project possession date? What will be the floor rise charges? And what are the basic amenities provided by the developer in this project?

Shantanu Kumar, Mumbai

18th November 2014

Comment

Your most welcome,
Here are the few basic amenities provided by the developer in this project are:- private terrace / garden, Service / goods lift, Visitor’s parking, Power back up, Reserved car parking, Podium garden, Club house, Internet / Wi-Fi, Temple within the complex, Modern security systems etc.

Yes, there is a Rs. 25/sq-ft. for floor rise 2nd floor onwards. The expected date of possession will be December'2017.

Lalit Verma, Mumbai

18th November 2014

And what is the current price is going on in the locality? Which all banks have approved this project? I am looking for a front view flats. What will be the price of a front view flat?

Shantanu Kumar, Mumbai

18th November 2014

Comment

Well Shantanu,
The current residential property rate in the locality is Rs. 5450/sq-ft. Almost all the leading banks and financial institutions such as HDFC, ICICI, SBI, Indiabulls etc. have approved this project.

You have to pay Rs. 100/sq-ft. for a front view apartment.

Lalit Verma, Mumbai

18th November 2014

Hey Lalit,
I am also planning to buy a 2BHK flats of this project. What are the various sizes available in 2/3/4 BHK and what is the current price per square feet is going on? Where is the project exactly located?

Shantanu Kumar, Mumbai

18th November 2014

Comment

Hi Shantanu,
Patel Colossus by Patel Group & Co. located Lord Shiva Paradise Road, Kalyan West, Mumbai. This project offers 2BHK from 900-1150 sq-ft, 3BHK from 1230-1611 sq-ft. and 4BHK in 2500 sq-ft. The current price is Rs. 5950/sq-ft. It will cost to you Rs. 53.55 lacs to Rs. 68.42 lacs for 2BHK and Rs. 73.18 lacs to Rs. 95.85 lacs for 3BHK and Rs. 1.48 Cr. for a 4BHK flat all exclusive.

Lalit Verma, Mumbai

18th November 2014

Hi,
Patel Group & Co. is one of the finest Mumbais' leading infrastructure & Developers engaged in Real Estate Development. Patel Colossus is a high rise building in Kalyan approx 60 feet from the ground level. It offers 2/3/4 BHK residential apartments. It is G+27 storey apartments consists more than 700 units in 4 towers.

Lalit Verma, Mumbai

18th November 2014

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