is it reliable investment

Kalpana Thakur,

9th September 2015

Investment Advice in Jaycee Savannah, Kanjurmarg, Mumbai

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Replies (5)

Hi, I have been following with the project for over a year now. its exactly in the same state as it was then. i was skeptical about the land not being available for construction as i was aware that a part of the land is reserved as a BMC Market if I am not mistaken and rest looks like its a part of the Mangroves. I was ready to invest in the same only after they receive IOD & CC for the Same. At the time they said IOD will be issued after 18 months. And even after a year they still say that will receive the same in 2017. I am Sure Glad that I did not Invest my Hard earned Money in This Project

Nilesh Pandya, Mumbai

15th July 2016

Comment

Sankalp, Lalit Verma, Have you invested. If yes, please share your mail id.

Savitri Unnikrishnan, Apartment Resident

2nd April 2016

Comment

It is you, who decide where the builder is reliable or not. If you have planned then check all the legal approvals before registration of the property from the local body or Gram Panchayat, make sure that the lay out plan and floor plan has required approval, water and sanitation, basic amenities from the project site, infrastructure development in the locality, nearby market, bus stop, hospitals and the easily available transport facilities and then go for it. Check the credential of the developers, visit the project site and see the construction status of the project.

Lalit Verma, Mumbai

9th September 2015

Comment

Lalit Verma,
Did you verify the legal documents when you booked? I am asking because I did not do so when I booked because of ignorance , lack of knowledge.Please reply.

Savitri Unnikrishnan, Apartment Resident

8th April 2016

Hello Kalpana!!!!
it is very important to check all the legal document and verify it by the advocate. After all it is a matter of your hard earned money which you are going to invest. As you know, lot's of fraud cases are happening now-a-days. So, better check out through the property lawyer.

As far as the builder is concerned, it has well established builder in Mumbai. Almost 9 to 10 project they have successfully completed. No doubt there is some delay, but if you invest with this builder you can surely get genuine document.

Ashish Bhoite, Mumbai

9th September 2015

Comment

Right Ashish,
As far as locality is concerned, Kanjurmarg is a suburb located on the east central side of Mumbai. The area is very close to other suburbs such as Powai, Vikhroli, Bhandup East, Bhandup West, Mulund and Ghatkopar. Many corporates like One World, Corporate Park and Lodha iThink, DS Business Galleria and Crompton Greaves have set up their base in Kanjurmarg. The locality houses many good educational institutions such as St. Francis Xavier's High School, IES Secondary School, Gomes Chawl School etc. Lifestyle Mall, Haiko Mall, D-Mart and R City Mall are some of the famous shopping malls located around Kanjurmarg. Sanjeevani Hospital, Aarogyam Cancer Hospital, Atul Hospital and Thakare Hospital & Alcohol habilitation search Centre are some of the famous hospitals in this area that provide quality healthcare facilities to residents.

Sankalp, Mumbai

9th September 2015

Ashish have you invested in the Savannah project?

Savitri Unnikrishnan, Apartment Resident

8th April 2016

Hi Kalpana!!!
Savannah is located in the new extension of Powai (Kanjurmarg East) which is well connected to the other parts of Mumbai through the Eastern Express Highway and the Jogeshwari-Vikroli Link road that connects the Western Suburb of Mumbai. Savannah by Jaycee Homes is offering homes of 1 and 2 BHK configurations. 1BHK in 380/395/428 sq-ft and 600/650 sq-ft. and its current price is Rs.13685/sq-ft. A 1BHK will cost you Rs. 52-58.56 lacs. and for 2BHK it will be Rs. 82-88.94 lacs onward.

Lalit Verma, Mumbai

9th September 2015

Comment

The project spreads over an area of 9 acres and offers a gymnasium, playing zone for kids, swimming pool, landscaped gardens, club house, car parking facilities, golf course, sports facilities, 24 hour security services, jogging track, multipurpose room, indoor game facilities, power backup facilities and a lift. Added amenities include a tennis court, spa, basketball court, health club and Jacuzzi.

There will be 1368 apartments. Project is approved by ICICI Bank for the home loan facilities. As per the builder possession date will be December,2019.

Sankalp, Mumbai

9th September 2015