Investments in Real Estate in Malwani, Malad (W) - Page 2 - Indian Real Estate Forum

smarty0074 · 11-03-10

Just a quick question - Is Malwani always not branded as slum area ? I see there are lot of slums in that area. Also what is the acess to that area ? Via Marve Road ?

gainvidya · 11-03-10

Quote:

Originally Posted by smarty0074

Just a quick question - Is Malwani always not branded as slum area ? I see there are lot of slums in that area. Also what is the acess to that area ? Via Marve Road ?

Yes until 7th road. 8th road and its back is full of proper society maintained building with decend members... Usually the society maintainence charge per month is from Rs 1500 to Rs 2500... which reflects the quality of people around.

boldm28 · 11-03-10

Quote:

Originally Posted by gainvidya

Yes until 7th road. 8th road and its back is full of proper society maintained building with decend members... Usually the society maintainence charge per month is from Rs 1500 to Rs 2500... which reflects the quality of people around.

thanks gain appreciate your feedback ...

boldm28 · 11-03-10

Quote:

Originally Posted by mumbai2010

i have visited under construction projects in that area. the broker also showed me resale flats, but said in under construction we wud hv to give 60-40 so i decided against that area.. if u cud pls share the name of the project it wud be of gr8 help to me and everyone on the forum

mumbai2010 i have sent you a pm

mumbai2010 · 19-03-10

I have already visited Vinayak Regency more than a month ago and liked it but the 60-40 ratio is quite pinching

rabork82 · 14-04-10

I recently checked out Casa Belleza and Vinayak. They are the only two good buildings in sector 8. The broker called Sainath, who's shop is right across the road has agreed to get a 100% white deal done. But a 2 bhk in Casa belleza with a super built-up of 1100 (that's what they claim, but I found the flats to be much smaller) goes up to 55 lakhs including parking and floor rise. Which is ridiculous for Malwani right now.

He was willing to negotiate but I haven't approached him again. From the look of it, the property scene in Malwani is quite cold right now. Might be a good time to strike a great bargain in an under-construction project.

But make sure that your flat doesn't face another under construction project. You'll have to live with noise and dust for the next two years.

I have also heard of the Raheja rumour. But no idea about its validity. Yes, Malwani would eventually be connected with Evershine, Inorbit and finally Yari road in a span of 5 years. Malad is already choc-a-bloc. After builders finish filling Marve road, they'd eventually turn to Malwani. And the bridges would get made.

Had anyone imagined what would happen to Oshiwara 10 years ago? It was a non-existent yet to be passed railway station full of chawls and slums.

Powai Lake 12 years ago was a picnic spot.

JVLR would soon be extended all the way up to Oshiwara. That should change the geography of this place completely. More than that the Metro would change the way we look at Mumbai.

Malwani isn't a bad idea after all, given its proximity to the Aksa beach. Just wait for a mall-multiplex to come up. It could soon be the next Yari Road in 5 years.

akazi · 07-09-11

Dear all,

Thank you for your input on the subject. From 2007 the rates were rs 2550 per sq. Ft. And in 2010 it came up to rs 4100. So there is an increase in the rates. However, imagine if Malwani is connected by a bridge will significantly increase the rates.

But due to environmental issues the bridge is just a dream?

If there is new information on this kindly share it on this platform.

View Poll Results: What should be the rate of a Sq. ft. in Malwani, Malad (W), Mumbai by 2013?
Rs 10,000 - Rs 15,000	2	6.90%
Rs 7,000 - Rs 10,000	4	13.79%
Rs 5,000 - Rs 7,000	13	44.83%
Rs 2500 - Rs 5,000	10	34.48%
Voters: 29. You may not vote on this poll

07-09-11	#17
akazi New Member Join Date: Aug 2008 Location: Outside India Posts: 21 Thanks: 0 Thanked 0 Times in 0 Posts	Malvani bridge to connect the mainland Dear all, Thank you for your input on the subject. From 2007 the rates were rs 2550 per sq. Ft. And in 2010 it came up to rs 4100. So there is an increase in the rates. However, imagine if Malwani is connected by a bridge will significantly increase the rates. But due to environmental issues the bridge is just a dream? If there is new information on this kindly share it on this platform. __________________ Thanks & Regards akazi

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11-03-10	#11
smarty0074 New Member Join Date: Feb 2010 Posts: 22 Thanks: 0 Thanked 0 Times in 0 Posts	Just a quick question - Is Malwani always not branded as slum area ? I see there are lot of slums in that area. Also what is the acess to that area ? Via Marve Road ?

19-03-10	#15
mumbai2010 New Member Join Date: Jan 2010 Posts: 19 Thanks: 0 Thanked 0 Times in 0 Posts	I have already visited Vinayak Regency more than a month ago and liked it but the 60-40 ratio is quite pinching

14-04-10	#16
rabork82 New Member Join Date: Nov 2009 Posts: 6 Thanks: 0 Thanked 0 Times in 0 Posts	I recently checked out Casa Belleza and Vinayak. They are the only two good buildings in sector 8. The broker called Sainath, who's shop is right across the road has agreed to get a 100% white deal done. But a 2 bhk in Casa belleza with a super built-up of 1100 (that's what they claim, but I found the flats to be much smaller) goes up to 55 lakhs including parking and floor rise. Which is ridiculous for Malwani right now. He was willing to negotiate but I haven't approached him again. From the look of it, the property scene in Malwani is quite cold right now. Might be a good time to strike a great bargain in an under-construction project. But make sure that your flat doesn't face another under construction project. You'll have to live with noise and dust for the next two years. I have also heard of the Raheja rumour. But no idea about its validity. Yes, Malwani would eventually be connected with Evershine, Inorbit and finally Yari road in a span of 5 years. Malad is already choc-a-bloc. After builders finish filling Marve road, they'd eventually turn to Malwani. And the bridges would get made. Had anyone imagined what would happen to Oshiwara 10 years ago? It was a non-existent yet to be passed railway station full of chawls and slums. Powai Lake 12 years ago was a picnic spot. JVLR would soon be extended all the way up to Oshiwara. That should change the geography of this place completely. More than that the Metro would change the way we look at Mumbai. Malwani isn't a bad idea after all, given its proximity to the Aksa beach. Just wait for a mall-multiplex to come up. It could soon be the next Yari Road in 5 years.