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IREF® - Indian Real Estate Forum > Real Estate in India > Real Estate Mumbai > Bhagtani Sapphire, Dahisar East, Pre launch
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Old September 18 2012, 08:15 PM   #1
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Default Bhagtani Sapphire, Dahisar East, Pre launch

There is a Pre Launch Offer from Jaycee Homes in Dahisar East. The Proposed name of the building is Sapphire or Bhagtani Sapphire. the building planned is of 35 floors and it is basically a SRA project. i am planning to buy a flat in this project for living. Sales manager informed that it will take about 5 years for the project to complete and they are waiting for Something Called IOD which they say will come in one year. to get a good rate the builder have asked for a high percentage of flat cost now in advance. since this is a pre launch offer and constructions will start only after an hour, i am little nervous wheter to invest my money in this project. i dont know anything about this builder also. can any one please guide me what all things to check first before inevsting.
 
Old September 19 2012, 01:52 AM   #2
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me too...please guide
 
Old October 25 2012, 11:58 AM   #3
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Smile Bhagtani Sapphire

Just an update on the project. they have got more F.S.I. From proposed 35 storeys it has now been increased to 65+ storeys. this would be one-of-a-kind project in western suburbs. ongoing rates are 6500+ per sq ft
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Old October 26 2012, 10:23 PM   #4
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Yes.. I too confirm that the Jaycee group has got permission for Parking (5 floors) + 65 floors.. this is as per a broker.

They are asking for 6,500 psf 30% DP... and 6,000 psf 50%.
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Old December 3 2012, 12:55 PM   #5
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Has anyone done a booking in the new Pre-launch of bhagtani Sapphire already.
 
Old December 10 2012, 11:12 AM   #6
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I have visited the site area and planning to go to their office at Santacruz on coming Saturday.
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Old December 11 2012, 12:12 PM   #7
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Thanks Kindly update on the progress if any, would be keen to know when they plan to start the construction and if permissions are got already
 
Old December 19 2012, 12:22 PM   #8
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Anybody purchased a flat in Bhagtani Sapphire Dahisar (Pre launch offer) please let me know as I need more details
 
Old December 21 2012, 11:22 AM   #9
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Any updates on this project. What are the current rates and payment plan???
 
Old December 27 2012, 12:10 PM   #10
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I had been to the site as well as to Jaycee office.......Everything seems to be in air. I was told by Jaycee that no proposals has been submitted for approval yet. They are in phase of Annexure I, to be followed by few more Annexures and then LY and finally IOD (land clearance). The rates being quoted now is Rs 6750 (I was being offered 30th -40th floor), though Jaycee keeps insisting that most of the apts are booked and only few are available.

On my site visit, I saw a huge slum on the land and as I had seen earlier SRA projects one can't be sure on how and when the land can be cleared. As per guidelines, once builder is able to clear the land - SRA block should be constructed first for the existing slum. Based on space availability - plans may/would change as required. So one doesn't know when and what kind of building would come up. On enquiring around I also got to know that builders from these kind of projects tend to approach you later asking for more money or refund your booking amount - so in a way once you have deposited 30% or more you are stuck.
The only plus side was that the allotment letter states (from what I saw in sample) that if the project doesn't kick of in an years time - you can seek refund of your deposits with 15% interest - however I don't know how easy would it be to get your money back from Builders...... All the BEST!!!
 
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