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Vasant Oasis by Sheth Creators in Andheri East, Mumbai

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Vasant Oasis by Sheth Creators in Andheri East, Mumbai

Last updated: 1 week ago
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  • Re : Vasant Oasis by Sheth Creators in Andheri East, Mumbai

    Originally posted by soarer View Post
    Its quite surprising that your friend has paid 20% to the builder and has no direct communication channel with the CRM department of builder to get such details (regarding approvals, timelines etc)?

    Anyways the Phase 2 and 3 buildings have CC for basement and podium. In Phase 1 there are 4 buildings with approvals till terrace and 2 buildings with approvals till 20th floor. The next set of approvals will come latest by Jan 2016 so we will know till what floor are the approvals available in the revised CC.

    Also, can you let us know when did your friend make this booking and when would his 2 year lock-in period expire? If it is expiring in the next few months then there is no point in selling the flat right now. As per my knowledge and understanding there are three critical factors which will have to be considered to get decent returns in this project
    1) Pace of construction of Phase III buildings (Daffodil is currently in excavation stage)
    2) Pace of completion of Metro III (currently only bids are received)
    3) Pace of completion of other projects (Sevens, Rainforest, Proxima etc) in Marol so as to reduce the oversupply of similarly priced flats (~ 2cr to 3cr) within this micromarket

    Once the above three developments are truly underway only then will we see some significant appreciation in this project or Marol micro-market in general. Also, it wouldn't hurt if the overall macroeconomic condition also improves in which case it will be less time consuming to execute the sale transaction. Currently one has to wait for at least 6 months to get a transaction completed in the secondary market at these price points (2cr and above).
    @Soarer, Can you please help with the latest approvals status for Phase 3 for which the builder is offering bookings. I believe Phase 1 & 2 are completely sold. Is it correct?

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    • Re : Vasant Oasis by Sheth Creators in Andheri East, Mumbai

      Originally posted by sturra View Post
      @Soarer, Can you please help with the latest approvals status for Phase 3 for which the builder is offering bookings. I believe Phase 1 & 2 are completely sold. Is it correct?
      As far as I know there are flats available in all the 3 phases. There is only 1 building in Phase 2 for which bookings are currently being accepted (ticket size is over 3 cr as Phase 2 has extra large size 3 and 4 bhk apartments). In Phase 1 you should find flats available 15th floor and above. In phase 3 more than 50% inventory is already sold.

      Basic approvals (IOD and plinth CC) is available for all the 9 buildings in Phase 3. For individual building you will have to enquire for a copy of latest CC at the site office.

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      • Re : Vasant Oasis by Sheth Creators in Andheri East, Mumbai

        Originally posted by rahulaga83 View Post
        Its not some delay, its huge delay and may lead to overall loss of capital as well
        If delay is an issue you can go for Phase 1 in which 3 buildings are complete and application for OC submitted or remaining 3 buildings in Phase 1 in which only one floor (22nd) is remaining and the possession should be possible in the next 12 months.

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        • Re : Vasant Oasis by Sheth Creators in Andheri East, Mumbai

          The builder is struggling with the sales and hence the pace of construction. The situation of bad for most of the projects except few. If you are looking from an investment point of view Phase 3 will be the correct choice as you will be able to negotiate the price ~13000psf-14000psf and payment will be staggered over next 4 years easily. If you looking for something to live wait in phase 3 buildings may be very painful so go for Phase 1 buildings. Construction quality and amneties wise the project looks good

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          • Re : Vasant Oasis by Sheth Creators in Andheri East, Mumbai

            Called the sales team for vasant oasis was told price for 3bhk in phase I sealable 1810 at 17000inr. Will go and vsit the site this afternoon. Any comments on this project ? Will be for own use.

            Waiting comments of experts.
            Thank you.
            Last edited June 4 2016, 01:27 PM. Reason: Text formatting.

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            • Re : Vasant Oasis by Sheth Creators in Andheri East, Mumbai

              Good appreciation from 11000 3 yrs ago to 17000 as is being quoted for Phase 1.. By the time other phases are complete .. Looks like it will cross 20K psf..

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              • Re : Vasant Oasis by Sheth Creators in Andheri East, Mumbai

                Anybody here purchased in phase 1 in vasant oasis. Would like to discuss for this project since im thinking to purchase for own use.

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                • Re : Vasant Oasis by Sheth Creators in Andheri East, Mumbai

                  They tried to sell flats here through indiabulls distribution arm few months back. One of my friends was in discussion with them and was given an indication that their 2.5 bhk (with two half rooms apart from 2 bedrooms) could be concluded around 2.5-2.6 types. He ultimately did not like the project much and so ignored the deal.

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                  • Re : Vasant Oasis by Sheth Creators in Andheri East, Mumbai

                    This was for a tower in phase 1 which was almost ready.

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                    • Re : Vasant Oasis by Sheth Creators in Andheri East, Mumbai

                      Visited the site today for 3bks fr phase 1 delivery dec 16 total cost aprox 4cr.
                      In other online sites having 3bhks in resale at 2.6/2.8cr how come?

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