Better to stay away from this builder, I came to know they won't complete their projects on time. Utopia project is delayed for 2.5 years and still not completed.
The project is made keeping in mind schools and colleges around the area, some of them include Crescent Public School and Model Residential School. Some of the nearest hospitals from the area where the apartments are built include International Medical Center and Lakshmi Nursing Home.
DO NOT BLOCK YOUR MONEY BY INVESTING FLATS If you planning to buy a flat you must check credibility of the builder and their project history before your investment. If possible talking to few previous customers who bought their flat will give you a good opinion of their experience with that builder. Once you book a flat without much reviews you may be trapped to get your money back and may lose your hard-earned money. There are many builders around us they make their flats in low quality building, project money they gets they roll to another property and delay your project. There are many investors, especially NRI’s who trapped and going enormous stressful time because of wrong choice they made as part of investment. So I request all investors to wait until you fully convinced that your investment will not go in vain. Moreover, your money will be blocked until the project finish and get your registration done. Most often you won’t be able to sell it until the registration fully done.
If you are looking for a bigger place in the partments, 3 bhks in the building are also put on sale. A 1200sqft 3 bhk in the building will cost you at a psf price of Rs. 3000 and the total cost will come up to around Rs. 36 lakhs.
The project has been aprroved by the goverment and the construction work is on, it is to come up in 6 acres of land in Aluva. For bank loans you can contact leading banks such as State Bank Of India.
Considering the fact that these apartments are built near the periyar lake and have all the basic amenities, I don't think a price of Rs. 25 lakhs to Rs. 32 lakhs for a 2 bhk in the building is over-priced. It's quite good a deal considering the flat is in Aluva.
The apartments are divided into two blocks and are well-equipped with 2 and 3 bhks. I think the price rates will differ from one apartment to another because the 2 bhks come in different sizes of 886 and 1093sqft. The 3 bhk is somewhat around 1200sqft, I guess.
The apartments are situated 1.5 km from Aluva Railway Station and the bus stand and is well-connected to other parts of the city through intea-city buses and Periyar river, which is just 500m away from the project can be a good place to unwind and relax after a tiring day.
These apartments are a project of the Coral group and they not only specialise in making residential apartments, but are also involved developing malls, hotels and resorts etc. They have so many completed projects in bangalore and kochi. I think they have two ongoing projects in Aluva including this one.
The apartments are distributes in two blocks and have around 100 to 500 units up for sale but they are still under construction but you can book your apartment if you want to right now. The dates of possession have come and are in august this year.
The apartments have so many amenities you get the standard swimming pool, garden area, 24 hr backup and security. Some of the lesser seen amenities are also available in the area like tennis court, cafeteria, a bank/Atm right in the campus, a club house and other health and recreational facilities.