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IREF® - Indian Real Estate Forum > Real Estate in India > Real Estate Mumbai > Conwood Astoria
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  • 1 Post By sanjeev1008

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Old December 11 2011, 12:15 AM   #1
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Lightbulb Conwood Astoria

Does any one have any reviews on this project. There seem to be a few resales avilable . Posters please put in your 2 cents.
Old February 28 2013, 03:24 PM   #2
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The location of the project is excellent. dont have idea on stage of construction. Can anyone advise as I am planning to invest in this property.
Old February 28 2013, 06:26 PM   #3
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In Conwood Astoria on east side there is a very big nallah which will never be closed as per municipal authorities

On the West side there is Lakshachandi School and also adjacent to the project they are also building a municipal hospital

So do proper research before commiting to investors flat as the builder had sold out

Investors are are asking huge cash component, also check the progress of the report

Conwood is owned and run by DB Realty's Vinod Goenka. They may claim it is run by his son Yash and Father, but practically all decisions are taken by Vinod Goenka

It was a very good and now struggling because they ventured with the Balwas who are known to be connected with Dubai

Also Conwood is suffering from severe cash crunch
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Old March 5 2013, 12:51 PM   #4
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thanks Sanjeev for the view. I knw investors are asking for a huge cash which is deinitely a concern. But i feel location is excellent and one of the best in Goregaon East. Can you guide me on the price of the property and specific technical issues thet project may have.
I am thinking if we get a right price will it be wporth taking a risk on timelines provided there is no major legal / technical issue wrt property.
Old March 5 2013, 05:28 PM   #5
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I am not sure whats the status of the project as of now. They have 2 towers one just 3 BHK and another one 1 BHK

Carpet is the "BEST". They have offered 880 carpet on 1200 super built up and additional 160 balcony.No other builder offers such huge carpet. That was the biggest USP when I was considering

Since Conwood is a old builder they will complete this project but can take a long time, Orchid woods structure was ready almost 2 years ago, till date no possession

So if you are fine on possession timeline and cash component you can consider it. I was getting offers between 10250-10750 for higher floors last summer
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