Mantri Park, Goregaon-E need advice - Indian Real Estate Forum

pande1 · 16-07-12

I have been negotiating with a particular seller in Mantri Park-Goregaon, for a 1BHK apartment (~740sqft), while initially the owner was quoting 70lacs (6months back), he is now ready to sell it at 58lacs (post some negotiation).

Is it a good deal? Noticed a lot of flats in Mantri Park are still available for sale.

Traveller · 16-07-12

My thought is that this seems to be a fair deal. I have been living here for 2 years and they finally seem to have BMC water supply, which was one of the issues. Construction quality is average at best. However, the new clubhouse is a plus. Also, not sure if there are lots of flats for sale and the builders strategy with regards to this. Anytime I have referred someone, they were only shown 1 or 2 resale flats, possibly because ready to move Mantri Park flat is used as a lure customers for Mantri Serene, which has a lot more flats available and targets the higher end customers and thereby providing more margins to the builder.

dahanukar · 16-07-12

What is the price of a 2 BHK at Mantri Park - ready possession as well as under constuction?

anandv · 17-07-12

Please check about the Mantri Park land ...They had forest land issues 2-3 years ago

ashish908 · 18-07-12

good deal, considering that the area has good rental yield too

mhshpk · 18-07-12

not worth. way too much inside on the hills. difficult without a car

sreekys · 21-07-12

Dont go for this project. Have seen it almost 3 years back. Till now it is not sold out primarily because of the location which is interior and is surrounded by the mhada houses which is quite an eyesore. Not at all worth the price unless you really want four walls in a good location.

Traveller · 22-07-12

Neighbour visited Serene...the builder is quoting Rs 9900 per sq ft. Some flats being converted to duplex etc are more expensive. Apparently he has opened up a few new flats on mantri park and is quoting the same price... These were obviously not shown to us as vacant earlier.. Must have been waiting for the price to rise so he can sell at a higher rate for the same flat :-). This was one of the few sub- 1c flats in all of mumbai and mumbai suburbs in spite of all its flaws and now it just crossed the 1 C threshold for a new flat (2bhk)

alishakhanna · 23-07-12

Quote:

Originally Posted by pande1

I have been negotiating with a particular seller in Mantri Park-Goregaon, for a 1BHK apartment (~740sqft), while initially the owner was quoting 70lacs (6months back), he is now ready to sell it at 58lacs (post some negotiation).

Is it a good deal? Noticed a lot of flats in Mantri Park are still available for sale.

hey even I was looking for a good investment deal here at Mantri Park and I found Sunil Mantri Park | Mumbai | Sunil Mantri | Best rates on Real Estate Mumbai this link where I got all the information.
hope this helps you in finding answers to all your questions.

16-07-12	#1
pande1 Member Join Date: Jun 2012 Posts: 181 Likes Received: 45 Likes Given: 15 My Mood:	Mantri Park, Goregaon-E need advice I have been negotiating with a particular seller in Mantri Park-Goregaon, for a 1BHK apartment (~740sqft), while initially the owner was quoting 70lacs (6months back), he is now ready to sell it at 58lacs (post some negotiation). Is it a good deal? Noticed a lot of flats in Mantri Park are still available for sale.

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16-07-12	#2
Traveller New Member Join Date: Jan 2011 Posts: 10 Likes Received: 0 Likes Given: 5 My Mood:	My thought is that this seems to be a fair deal. I have been living here for 2 years and they finally seem to have BMC water supply, which was one of the issues. Construction quality is average at best. However, the new clubhouse is a plus. Also, not sure if there are lots of flats for sale and the builders strategy with regards to this. Anytime I have referred someone, they were only shown 1 or 2 resale flats, possibly because ready to move Mantri Park flat is used as a lure customers for Mantri Serene, which has a lot more flats available and targets the higher end customers and thereby providing more margins to the builder.

16-07-12	#3
dahanukar New Member Join Date: Mar 2010 Posts: 43 Likes Received: 4 Likes Given: 0	What is the price of a 2 BHK at Mantri Park - ready possession as well as under constuction?

17-07-12	#4
anandv New Member Join Date: Jul 2009 Posts: 43 Likes Received: 5 Likes Given: 4	Please check about the Mantri Park land ...They had forest land issues 2-3 years ago

18-07-12	#5
ashish908 Member Join Date: Jul 2010 Posts: 141 Likes Received: 11 Likes Given: 0	good deal, considering that the area has good rental yield too

18-07-12	#6
mhshpk New Member Join Date: Jun 2012 Posts: 6 Likes Received: 0 Likes Given: 0	not worth. way too much inside on the hills. difficult without a car

21-07-12	#7
sreekys Member Join Date: Oct 2009 Posts: 211 Likes Received: 6 Likes Given: 4 My Mood:	Dont go for this project. Have seen it almost 3 years back. Till now it is not sold out primarily because of the location which is interior and is surrounded by the mhada houses which is quite an eyesore. Not at all worth the price unless you really want four walls in a good location.

22-07-12	#8
Traveller New Member Join Date: Jan 2011 Posts: 10 Likes Received: 0 Likes Given: 5 My Mood:	Neighbour visited Serene...the builder is quoting Rs 9900 per sq ft. Some flats being converted to duplex etc are more expensive. Apparently he has opened up a few new flats on mantri park and is quoting the same price... These were obviously not shown to us as vacant earlier.. Must have been waiting for the price to rise so he can sell at a higher rate for the same flat :-). This was one of the few sub- 1c flats in all of mumbai and mumbai suburbs in spite of all its flaws and now it just crossed the 1 C threshold for a new flat (2bhk)