VBHC is good investment in palghar

Q: Is VBHC is in good locality ? Please suggest on investment in Palghar

suresh, Apartment Resident

14th August 2015

Buying property in VBHC Evergreen Phase II, Palghar, Mumbai

Follow Discussion

Also see discussions for

Mumbai Palghar VBHC Evergreen Phase II Buying property Buying property in Mumbai Buying property in Palghar Buying property in VBHC Evergreen Phase II

Replies (3)

i have a 2bhk in VBHC Paghar project. If anyone is interested in buying contact me at 9819056322

mudassir husain,

16th July 2017

Comment

About VBHC (Value and Budget Housing Corporation Pvt. Ltd.), they have established their business in with the vision of planned affordable and utility driven homes. They are building an excellent network of integrated housing projects across the country. At present, VBHC has projects in Mumbai, Bangalore, Chennai and NCR. The company has awarded several time with "Outstanding Contribution To Low Cost Housing", "ICI (KBC) - Birla Super Award for Outstanding Concrete Structure Of Karnataka 2013", Lokmat Award for Affordable Housing of the Year 2014" and NDTV Property Award Winners of the Year and many more in the list.

Currently, they are developing 2 projects in Mumbai i.e. VBHC Hillview, Vasind and VBHC Evergreen, Palghar.. Both the projects are under construction and offering 1/2BHK from Rs.14-16 lacs onward. A 1BHK in 554 sq-ft. (build-up area) will cost to you Rs. 1969955 all inclusive.

Shrikant Kejriwal, Mumbai

17th August 2015

Comment

As far as work status is concerned, construction at VBHC Evergreen "B" project started in April 2014 and has been going at a smooth pace. VBHC Evergreen B has 8 G+4 blocks – Ax1, Ax2, Ax3, Ax4, Ax5, Ax6, C1 and D1. Construction of each block can be divided broadly in four stages: Excavation, Sub-structure (grade slab), Super-structure (ground floor to terrace), and Finishing (water proofing, tiles, kitchen works, lifts, etc.). C1, AX2, AX1 & AX3 Block finishing work in progress. AX4, AX6 Block Superstructure work completed & finishing work started. D1 & AX5 Block Superstructure work in progress. Landscape development on both the sides of the road is in progress for the project. Main Road heading towards B-parcel Asphalting work is completed & Vehicle Moment has been started. Internal Road work is completed, except paver block laying activity for that work will start in the month of Sep'15.

Abhishke Karule, Mumbai

17th August 2015

Hi Suresh,
The only way to avoid problems is to take time out to conduct due diligence before finalizing any property deal. The first thing you should do in the case of projects that are still under construction is to make sure that the builder has all the necessary approvals in place, without which it would be considered illegal. We have often come across cases where projects have been stopped halfway due to lack of proper approvals. Even finished projects have been demolished for the same reason. Hence, I would never advise to go for a booking unless you have taken a close look at the key documents.

Shrikant Kejriwal, Mumbai

17th August 2015

Comment

It's true Shrikant,
If the builder has gone ahead without getting all the legal approval, the entire project is illegal. In addition, there are environmental and municipal approvals to factor in.

You can easily judge any of the builder by their nos. of completed project, on time delivery of the projects,

Ramesk Polekar, Mumbai

17th August 2015

As far as locality is concerned, Palghar is a town in Thane district and is located 129 Kms towards North from the district headquarters Ratnagiri. It is a border town located near Gujarat and situated at a distance of 87 Kms from capital city Mumbai.

Connectivity to the town is good and smooth as it is a part of the Suburban Rail network. The town lies on the Mumbai-Ahmadabad rail route and is the next major junction after the town of Virar. By road, it is connected by the Highway 8 which connects Mumbai and Ahmedabad.

Palghar houses many good schools including Aryan High School. Sharda Hospital, Kotis Prashanu Hospital are some of the reputed health zone in the locality.

Since it is an affordable locality in Thane district, there is a high demand for residential properties here. The current residential property rate in Palghar East is Rs. 2750/sq-ft while in Palghar West is Rs. 2600-3800/sq-ft.

Shrikant Kejriwal, Mumbai

17th August 2015