daksh_pandya

hello guys

i want to buy 2 bhk flat in powai can any one guide if any new property coming up
Posession 2012 will Do
i have heard of one new project in powai called Sai Solitaire 40 storied building and Sai Sapphire 22 Storied buidling does any one know more about this Property http://www.saisapphire.in


Regards
Daksh

boldm28

dont know much about project . but u are easily looking at minimum 1 cr if not more

razer

1CR easy. I'm equally clueless about this builder, seems like it's being built on SRA scheme.

Either ways, there are plenty of other ongoing projects in the vicinity, but a 2BHK of about 1100-1200 saleable area will set you back by about 1CR in a good project.

shamrao73

I too am looking for a 3BHK in powai. The only worthwhile property seems Lake Homes and they have jacked up their prices by a ridiculous margin. The prices here never went down during the so called recesssion and now it has gone up by more than 25%. Hiranandani is charging around 17000/sFT and the rest are charging around 10000/ Sq FT. Nahar is around 8000/ Sq ft but the area is too bad. Surrounded by slums etc. I have not heard of this project.

razer

Prices did fall during the recession in this area. In fact in the middle of 2009, Hiranandani and Lake Homes were available at very healthy discounts. I know for a fact that they were going for 20-25% lower than their peaks.

Now it seems they're heading back to their peaks, and that too in less than a year from that low. Ridiculous, I know.

There are some newer projects that have been launched in their vicinity, check them out, too. And there are some in Vikhroli and Ghatkopar (on the LBS marg), that are worth checking out, but their rates too are quite high.

Best of luck, and happy hunting!

shivkumar2

they are quoting 9100psf+ floor rise of 50. 2 1/2 BHK measuring 1475 sq ft comes to approx 1.5 cr. They claim tht this will be one of the finest projects on LBS road with construction only on 20% land and rest is all for amenities. The only apprehension is the cemetry which is adjouring to this project. Constructions is being handled by L&T. Pls advise as they claim that the upside cld be Rs 15 k psf by the time the project is ready..

sagi7

I do not doubt Wadhwa's pedigree and am sure it would be amongst the best in the locality, their flats provide space, height and as u say the flora too. For a place to reside I would not look beyond Wadhwa. As a locality I know not much of the area

razer

Bhoot!

Bah! I think it's great that there's a cemetery next to the project, instead of another project or something else. The place will be be peaceful.

, 9100psf + floor rise?! That's high, really high. I'd pay Rs 500 premium for L&T's name and construction. But I would've assumed the asking price to be somewhere close to 6000-7000 as an under construction rate.

It going up to 15k once ready for possession, is saying it will practically double, I won't bet on it. But I've seen crazier things happen.

shamrao73

I already have a flat in Powai and frankly speaking, they are seriously overcharging for jsut the a very close view of the Lake. I have visited the site and for all the price there isnt much place for a garden which is critical for such a high price. And one more thing , the floor rise seems to be on the lower side. Just about everybody is demanding a 100 / floor .

shamrao73

Hi Razer- Lake homes even during the previous peak was nowhere near 10000/ sq ft . They were around 8000. Nahar was around 6000 and Hiranandani was around 12000. The prices were never really off those highs during recession and now they have all jumped by over 25%. During the so called recession, the prices had merely stagnated.

This is the case across Mumbai. Across rest of the cities , the prices actually dropped and in some places they are still down. But Mumbai defies all logic. Ai think it is time that all prospective buyers come together and decide to take it easy for now and decide not to buy for at least the next nine months. Things are bound to get better. I was looking for a 3 BHK desperately in Powai near to my parents and brothers but now have decided to postpone the decision by about one year. I will then consider my decision then , looking at the available price. There is a 10% chance, i believe( i may be wrong) that the prices will still go up but i believe they are bound to come down or worst stagnate. No need therefore to be panicky and make a wrong decison when it involves such a big chunk of borrowed money