Wanting to Buy an Apartment in Powai - Mumbai - Page 2 - Indian Real Estate Forum

Sharpj · 03-06-10

If you are from US.. its like having an apartment in Manhattan or living in NJ..
Also one more thing.. if u say a budget of 1.5 crores.. is that the maximum u can spend.. then u should look for an apartment within a budget of 1.2 crores max.. then add 9% on all the taxes and 5 lakhs for parking and another 5 lakkhs for all the misc.. u will touch 1.5 crores..

geeee · 04-06-10

I personally think Andheri (West) or Versova is a much better place compared to Powai. The only good thing about Powai is Hiranandani. If you are staying in Hiranandani its great, anywhere else in powai is nothing special expect for the few building that have a lake view or are really close to Hiranandani. And the rates in Hiranandani are pretty close to Bandra so you would get a similar sized tiny apartment in Hiranandani as well.

Sharpj · 04-06-10

Hmm No .. Actually Hiranandani is certainly cheaper than Bandra (w).. The apartments are decent sized... unlike bandra which is a mix of TDR's and redeveloped properties..

Quote:

Originally Posted by geeee

I personally think Andheri (West) or Versova is a much better place compared to Powai. The only good thing about Powai is Hiranandani. If you are staying in Hiranandani its great, anywhere else in powai is nothing special expect for the few building that have a lake view or are really close to Hiranandani. And the rates in Hiranandani are pretty close to Bandra so you would get a similar sized tiny apartment in Hiranandani as well.

Manoos · 04-06-10

Westernside is completely choked up. very crowded. just one main SV road which is full of traffic jams all the time. so is link road.

east side is better as highway is there. West was affluent till now due to proximity to sea, but now its a travel nightmare

Quote:

Originally Posted by geeee

I personally think Andheri (West) or Versova is a much better place compared to Powai. The only good thing about Powai is Hiranandani. If you are staying in Hiranandani its great, anywhere else in powai is nothing special expect for the few building that have a lake view or are really close to Hiranandani. And the rates in Hiranandani are pretty close to Bandra so you would get a similar sized tiny apartment in Hiranandani as well.

Jyoti_kamat · 05-06-10

Quote:

Originally Posted by Sharpj

Well Hiranandani will be very expensive.. Lake Homes is decent.. but the builder claims he is sold out and only got a couple of 2 BHK's..
Nahar should be avoided.. if possible..
Rahejas vistas is a good option..

Bandra (w) is just for the pin code.. small houses.. very expensive..
See every area in Mumbai has some +ve's and -ve's
why don't u rent a house in Powai.. and then look.. u will get a feel of the area while you look..

Why should Nahar be avoided? do you have any previous experience with them?

Sharpj · 06-06-10

Jyoti,

I do not have any direct experience with Nahar and do not want to alarm people who have already invested. But in the Pune forum there is a article on builders to be avioded and there is a link which includes Nahar from Mumbai..
Reasons slated were unresonable delays.. and not delivery of promises like club house etc..
Hence did not want anyone to invest without proper investigations.. and hence should have used the word "Maybe" avoided instead of "should be" sorry for that..

Quote:

Originally Posted by Jyoti_kamat

Why should Nahar be avoided? do you have any previous experience with them?

spdutt72 · 10-06-10

agree with you.
Nahar has ready flats which are not sold and a whole lot of investors flats who perhaps quote lesser than the builder, but if we include the transfer charges etc. will result in a higher price.

wadia · 10-06-10

I thought the transfer charge is paid by the seller and not the buyer.

From my understanding 50% of flats in Nahar were booked by middle east NRIs so there is a big resale market.

Sharpj · 11-06-10

I think NRI's were sold Nahar claiming it to be Powai instead of Chandivili and with a host of luxuries, like theatres, malls, club houses, super markets.. and NRI's invested without even seeing the property or its location and that is what has generated so much negative publicity for these Nahar guys...

Quote:

Originally Posted by wadia

From my understanding 50% of flats in Nahar were booked by middle east NRIs so there is a big resale market.

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03-06-10	#11
Sharpj Senior Member Join Date: Mar 2010 Posts: 732 My Mood: Thanks: 3 Thanked 4 Times in 3 Posts Rep Power: 1	If you are from US.. its like having an apartment in Manhattan or living in NJ.. Also one more thing.. if u say a budget of 1.5 crores.. is that the maximum u can spend.. then u should look for an apartment within a budget of 1.2 crores max.. then add 9% on all the taxes and 5 lakhs for parking and another 5 lakkhs for all the misc.. u will touch 1.5 crores..

04-06-10	#12
geeee Member Join Date: Jan 2010 Posts: 171 My Mood: Thanks: 0 Thanked 1 Time in 1 Post Rep Power: 1	I personally think Andheri (West) or Versova is a much better place compared to Powai. The only good thing about Powai is Hiranandani. If you are staying in Hiranandani its great, anywhere else in powai is nothing special expect for the few building that have a lake view or are really close to Hiranandani. And the rates in Hiranandani are pretty close to Bandra so you would get a similar sized tiny apartment in Hiranandani as well.

10-06-10	#17
spdutt72 New Member Join Date: Apr 2010 Posts: 21 Thanks: 0 Thanked 0 Times in 0 Posts Rep Power: 1	agree with you. Nahar has ready flats which are not sold and a whole lot of investors flats who perhaps quote lesser than the builder, but if we include the transfer charges etc. will result in a higher price.

10-06-10	#18
wadia Senior Member Join Date: Apr 2010 Posts: 637 My Mood: Thanks: 0 Thanked 4 Times in 4 Posts Rep Power: 1	I thought the transfer charge is paid by the seller and not the buyer. From my understanding 50% of flats in Nahar were booked by middle east NRIs so there is a big resale market.