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Om Palace, Makwana Group, Malad, Mumbai

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Om Palace, Makwana Group, Malad, Mumbai

Last updated: September 4 2019
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  • Om Palace, Makwana Group, Malad, Mumbai

    Hello People,

    There is this residential project, Om Palace (only 1 BHKs), is coming Off Malad Link Road being developed by Makwana Group Builders & Developers.

    Project details are:
    Type: 1 BHKs only (3 units per floor)
    Total floors: 22
    Rate: 11000 psf + 50 floor rise from first floor onwards
    Size: 650 super built-up (360 carpet)

    Is any of you'll in this forum,
    - knows about this project?
    - builder reputation and etc?
    - any more details about this project?
    - is it worth investing in this project as an end-user?

    Please update on the above.
    Thank you all in advance.
  • #2

    #2

    Re : Om Palace, Makwana Group, Malad, Mumbai

    Is this project on the way to Madh island ? whats the exact location - some of these areas are prone to flooding in rains and have environmental issues also....

    Comment

    • #3

      #3

      Re : Om Palace, Makwana Group, Malad, Mumbai

      44% loading in a 1 BHK - that is way too much. For 360 carpet, honestly one would not get any room that is decent size enougth.
      The rate of 11k psf also seems to be high if it is not prior to mid-chowki.

      Comment

      • #4

        #4

        Re : Om Palace, Makwana Group, Malad, Mumbai

        Om Palace - Off Malad Link Road by Makwana Group

        Originally posted by simsagar View Post
        Is this project on the way to Madh island ? whats the exact location - some of these areas are prone to flooding in rains and have environmental issues also....
        This project is little inside in the lane (on the east side) opposite to Goregaon Sports Club/Toyota Showroom on the Malad Link Road. I'm not aware of the flooding in this area or about environmental issues, if any.
        http://www.themakwanagroup.com/ompalace/

        Originally posted by rsrsin
        44% loading in a 1 BHK - that is way too much. For 360 carpet, honestly one would not get any room that is decent size enougth.
        The rate of 11k psf also seems to be high if it is not prior to mid-chowki.
        Yes, 44% loading is very much on the higher side as well as the price this project is asking for.

        Considering the loading and price which are on the higher side, is it even worth considering?
        Any idea what should the correct price to ask for this project in this area?

        Thanks in advance
        Last edited July 31 2013, 06:02 PM.

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        • #5

          #5

          Re : Om Palace, Makwana Group, Malad, Mumbai

          Location is decent and has good social infra - check the flooding part during the current rains....ask auto-walla orpan-walla they will share the exact details.

          if u r on rent and have no place of ur won then this place can be ur shelter till u get enough monies for another decent place.
          (bargain and see what discount u can get)

          if u r thinking of investment - check the local realtor for the expected rent - do ur math and see if it's benefitial

          Comment

          • #6

            #6

            Re : Om Palace, Makwana Group, Malad, Mumbai

            Originally posted by zameen View Post
            This project is little inside in the lane (on the east side) opposite to Goregaon Sports Club/Toyota Showroom on the Malad Link Road. I'm not aware of the flooding in this area or about environmental issues, if any.
            Om Palace » The Makwana Group | Builders & Developers



            Yes, 44% loading is very much on the higher side as well as the price this project is asking for.

            Considering the loading and price which are on the higher side, is it even worth considering?
            Any idea what should the correct price to ask for this project in this area?

            Thanks in advance
            If the location is in the opp lane of Goregoan Sports Club i.e off the Malad Link road - then I agree that the location is decent & there is no specific flooding concern that I have seen in that area. However, the loading is very high and so is the rate - the rate is high because these are all small sized flats and its unlikely the complex will have any other amenities - unless the builder has advised otherwise.

            The total cost of bare flat comes to around INR 72 lacs on the 1st floor, excludes service tax, SD, Regn, Vat, car park etc. In the same locality you can look for a ready to move resale for around 80-85 lacs and you may get a better carpet area for same amount.

            Comment

            • #7

              #7

              Re : Om Palace, Makwana Group, Malad, Mumbai

              Hello Sir / Madam,



              1) I got the fit-out possession from builder and he is asking to pay Other charges.

              just wanted to confirm whether other chagres are payable before OC (Occupation certificate ) is received or after OC?

              2) there is a huge difference between other charges mentioned in the Agreement and Other charges demanded by him now. please suggest


              Comment


              • MANOJa
                MANOJa commented
                Editing a comment
                Can u name the Builder & the Project? An thread may already exist on the Project and there could be other members facing similar issues. If an thread on the Project exists already, this thread would then be required to get merged with the original existing thread .
            Have any questions or thoughts about this?
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