Have two properties at Raheja Vihar as an investor. Has the Saki Vihar area exhausted potential. Would it make sense to sell one or both and buy somewhere else. If yes any suggestions on the area which has potential for increase.
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  • Raheja vihar may be good as an investor as the nearby 'boomerang' office complex would be operational soon and the rentals would be in demand from corporates working there.

    In case you have a 1BHK and planning to sell off, one of my friends was looking for something in that area.
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  • Have a 2 bhk - 1150 sqft.
    I love the area, just feel since it's inside it's long term potential would be lesser than something on say JVLR.
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  • Metro could provide a fillip?

    just wondering if the Mumbai metro will lead to rate rise here?
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  • Don't think the bottle neck at saki naka junction will get better with the metro. Might get worse actually.
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  • Originally Posted by agbob
    Have a 2 bhk - 1150 sqft.
    I love the area, just feel since it's inside it's long term potential would be lesser than something on say JVLR.


    The Raheja Vihar complex is good for people who work in Hiranandani area or nearby commercial/office complexes.

    JVLR has better connectivity options in my personal opinion.
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  • Originally Posted by maverick_guy
    just wondering if the Mumbai metro will lead to rate rise here?


    It also depends on the metro route. If the metro was going straight to south mumbai, it would have been a different story altogether...

    Also, it is still some years for metro to be operational.. The work is nowhere near completion on the phase 1.
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  • Around 2,500 flats in K Raheja Corp's Mumbai society served notice




    MUMBAI: Residents of 22 housing societies in Raheja Vihar complex, in Chandivali, are losing their sleep over a notice a private trust sent them in June, restraining them from buying, selling or even renting their flats.

    Sir Mohammed Yusuf Trust claims in the notice that it owns the land on which 22 of the 27 Raheja Vihar buildings stand.


    Sir Mohammed Yusuf Trust claims in the notice that it owns the land on which 22 of the 27 Raheja Vihar buildings stand.

    The residents staged a protest on June 30, accusing the developer of selling them expensive properties without allegedly holding a valid land title.

    On July 3, Powai Developers, a division of K Raheja Corp, the developer of Raheja Vihar, circulated a denial of the claims made by Sir Mohammed Yusuf Trust.

    The statement said two suits concerning the title ownership dispute are pending in Bombay High Court and reassured the residents that they will take all necessary legal measures to protect the interest of flat buyers.

    However, anticipating that the civil court proceedings could go on for years, the residents approached ex-corporator Sharad Pawar and local Congress MLA and former minister Naseem Khan seeking help. Last week Khan, who will be contesting a fifth successive term from the Chandivali constituency, held a meeting to discuss the issue with the residents.

    “The residents purchased flats from a prominent builder like the Rahejas years ago, and now we are being told that we are encroachers on this land. We don’t want to be told to pay up crores of rupees for the land. We want the land title restored to us. Around 2,500 flat purchasers in 22 societies are affected,” said Gautam Saigal, a resident of Hillside building.

    Residents have also questioned the BMC’s role in the mess they find themselves in, pointing out that despite the land ownership dispute, the Powai developer has been allowed to start the construction of another building in the same complex.

    The residents have also written to Chief Minister Devendra Fadnavis, demanding that a Special Investigation Team be appointed to investigate the land ownership tangle.

    The history of this land dispute dates back to February 1964 when Sir Mohammed Yusuf Trust sold 47 acres of land to Tara Sarup, a director of Indian Cork Mills through two conveyance deeds. Sarup transferred the land to the Mills through a deed of transfer in 1970. In 1981, the Indian Cork Mills signed a development agreement with K Raheja Corp with a mandate to develop 1.69 lakh sq m on the basis of the two deeds and powers of attorneys.


    Sir Mohammed Yusuf Trust claims that Indian Cork Mills and K Raheja Corp took into their control more land than what was sold to them. It claims development rights for over 12.24 acres still with the Trust.

    Denying this, K Raheja Corp said in a statement: “Mohammad Yusuf Trust and Others do not have ownership rights or any rights whatsoever in any land in Raheja Vihar complex. Indian Cork Mills acquired full ownership rights for city survey number 119 of Powai Estate from Mohammed Yusuf Trust in 1964 under registered documents; and K Raheja Corp acquired development rights to these properties around 1981.”

    The statement says the Trust began making claims on a portion of slum area on the land in 2008/9 with the revenue authorities.

    “The Bombay High Court ordered K Raheja Corp to continue development without any hindrance in the entire area forming part of CTS No 119 and directing to maintain status quo in respect of the disputed slum area, admeasuring 4 acres 11 gunthas.”

    The statement said the High Court had issued orders in favour of K Raheja Corp, restraining the Trust or the revenue authorities from taking any further steps on revenue entries under challenge.

    https://realty.economictimes.indiati...dents/71057868
    Attachments:
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  • Spectre of ‘Campa Cola Society’ haunts Mumbai’s Powai residents..!

    Tags: campa cola society, fraud housing powai, GROUND REPORT, mumbai 2 months ago

    News Desk, Ground Report Mumbai


    K Raheja developers allegedly constructed the buildings upon encroached lands on which they had no title.
    Despite drizzle, hundreds of people from 22 housing societies residing in Raheja Vihar & Vista, Powai in metropolis Mumbai gathered outside K Raheja office on July 7th to demand justice against what they call ‘illegal enctoachment’. It has come to light that the developer allegedly built the buildings upon encroached lands on which they had no title.

    In what may be termed a replay of ‘Campa Cola fiasco’, the original trust owner of Sir Mohammed Yusuf trust, who’s name is also present on the 7/12 extract has dragged the developer to court, with a series of orders received recently from the court. The Damocles sword is now hanging over the fate of the hapless residents who may have to pay for the sins of ‘others’ and lose their homes to the said trust.

    ‘As per our knowledge, the original Trust owner had given the rights of development of 1,69,000 sq.mtr of land to Raheja Builders. K Raheja’s company Indian Cork Mill had encroached over 2,32,000 sq.mtr of land & falsly acquired permission & developed the encroached land. The judgement of Revenue Department in favor of the Trust has been a constant irritant for the residents like us. The Revenue Department has named the Trust as the rightful owner of the land. The observation by the fiscal body worried us as this would make us homeless. We do not have property card or conveyance deed’, laments Gautam Sehgal, one of the residents.

    The history of Campa Cola society seems to be repeating in Powai now. the residents of the Campa Cola society were given respite by the Supreme court but Powai residents have lost all hope of justice.

    Nityanand, the manager of K Raheja stated that they have heard the complaint of the residents and are now in talk with the higher authorities. He said that they have asked the residents to give them ten days to reply. The residents, however have warned of a bigger protest if they do not get the reply within the stipulated period.

    Tenants cling on together & protested against the new development in the said land as the developer failed to provide any clarity on the existing title matters & high court proceedings. It has also come to light that they have submitted the said cancelled 7/12 extracts in order to take approvals from respective authorities for this new construction.

    Tenants/Flat owners are concerned regarding the saleability of their flats in the complex as recently filed lis pendency & legal action from original owners has restricted their ability to buy or sell with an effective title.

    On the other hand the developer of the society K Raheja denies all the allegations against them and reiterated they got all the legal rights of the said properties’ development.

    In a letter addressing to the residents of the said societies, K Raheja writes,’ Indian cork Mills acquired full ownership rights in these properties at Village Tungwa of Powai estate from Mohammad yusuf trust in or around 1964 under registered documents. K.Raheja corp acquired development rights to these properties in or around 1981; got possession of the properties obtained after necessary statutory permission and started construction. We have adopted the best practices in construction and have complied to the approvals and permission from various authorities in a time bound manner, though, it is only in 2008 / 2009 that Mohammed Yusuf trust wrongly started making claims on a part of the properties under development by approaching the Revenue authorities. In order to protect the rights K. Raheja corp and Indian cork Mills Ltd initiated proceedings in the Bombay High court in the year 2013 for a declaration that it is the owner of these properties. It is only then that Mohammed Yusuf trust filed a suit in the High court. Both these suits are still pending in the HC.’

    The hon’ble High court issued orders in favour of K Raheja corp restraining Mohammed Yusuf trust and / or the Revenue Athurities from taking any steps in furtherance to the revenue entries
    Under challenge.

    According to the letter, Mohammed Yusuf trust has not obtained any orders whatsoever in Bombay High court proceeding in there favour.

    The Letter further mentioned …
    .Though, the 2013 suit of Mohammed Yusuf trust is pending , they have filed another suit in 2019 for substantially the same reliefs. This suit, too , is misconceived and not valid in law. This time around , they have made various societies as parties to the suit. Once again, no orders have been obtained in Mohammed Yusuf trust in the suit.

    ‘…Be assured that we shall take all the legal measures to protect the flat purchasers interest we request the flat purchasers not to fall prey to vested interest of some people who are spreading false propaganda for extraneous reasons.’ letter concludes.

    It’s another Sundays morning…residents of Raheja Vihar/Vista, Powai are still under the same fear. Once again gathering with the same spirit to fight against the injustice.


    https://groundreport.in/spectre-of-c...wai-residents/

    Raheja Vihar Powai Vs Yusuf Trust Bombay High Court Matter

      March 19, 2019




      Raheja Vihar Powai V/s Yusuf Trust Bombay High Court Matter

      Conveyance Kis Se Kare Yusuf Trust ya K.Raheja se ????

      Over 20 Societies in Raheja Vihar Powai are in Dilemma for Conveyance

      Matter

      1) Part of Land at Raheja Vihar Belong to Yusuf Trust

      2) K.Raheja Developed More Than 20 Towers on Mohd Yusuf Trust Property Claimed Petitioner

      The Same Property Card name was Cancelled By Deputy District land Record Mumbai (DDLR) In the Year 2012

      Plantiff Mohd Trust Claimed K.Raheja has Developed over 20 Towers using Forged Document (Property Card)

      Using This Forged Document Property Card K.Raheja has Also Done Convence Deed with One Society Named Sun Glory

      20 se Jyada Society ka Convenyece Abhi Tak Nahi Hua Hai
      Kis Se Kare Conveyance ???

      Buyers ka kia hoga agar authorities ka hatoda chalega?

      http://gallinews.com/News_details/details/9FD84/Raheja-Vihar-Powai-Vs-Yusuf-Trust--Bombay-High-Court-Matter-
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