Rates are not that high if you consider against rates of local builders in Panvel. You can get unmatched quality in panvel if you are willing to pay Rs. 300-400 PSF higher. Although kalpataru builder gives quality construction, build up to carpet ratio is not good, you get carpet around 68.50 % of build up area. However this is absolutely fine as other builders in Panvel also gives same ratio. So you may found rooms smaller if you are from Mumbai or Thane.
In Mumbai/ Thane, you get carpet roughly 70.50 % of build up area. If you decides to buy in Panvel you don't have option of this kind of reputed builder. If same flat is available in Thane then effective rate is much higher due to bad carpet ratio and you again have more options like Hiranandani, Lodha, Akruti, Dosti and many more.
Just opinion you may or may not agree but I would have gone for if I was interested in Panvel as other similar big complex of Indiabulls is 5 KM away from station quoting 2450 PSF and that is also outside city limit.
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