As the city of Mumbai continues to expand, Goregaon West has become a hotspot for property transactions. Its prime location and amenities have made it an attractive option for investors looking to cash in on the booming real estate market. However, as with any investment opportunity, some common risks are also involved.
In this blog post, we’ll explore why property transactions in Goregaon West can be a risky business for investors through the region’s property transactions in February 2023. From hidden legal issues to fraudulent practices by developers, there are potential pitfalls that await unsuspecting investors in this popular suburb of Mumbai. So grab your coffee, and let’s plunge into the details!
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Project Wise Analysis of Property Transactions:
1. Wadhwa Anmol Pride
Location: Anmol Pride, Goregaon West
Address: 5RCR+6X7, Govindji Shroff Marg, Opp Patel Auto Petrol Pump, Mahesh Nagar, Goregaon West, Mumbai, Maharashtra 400104
Anmol Pride Goregaon West was built by The Wadhwa Group and is situated in Mumbai’s Goregaon West neighborhood. There are 96 residential apartments in this development. Several reputable institutions, including ICICI, IDBI, Indiabulls, LIC Housing Finance, Punjab National Bank, Axis Bank, Citibank, DHFL, HDFC, and SBI Bank, have authorized this project.
The flat on floor 1, unit number 102, spanning an area of 1,108 sq. ft, got sold and registered at Rs. 3,65,00,000. The flat price per sq. ft is Rs. 32,942.24, according to the real estate transaction on February 7, 2023.
Wadhwa Anmol Pride offers 2BHK – 4 BHK apartments in the range of INR 4 – 11 Cr.
Contact us for more information about Wadhwa Anmol Pride immediately!
Also Read:
PROPERTY TRANSACTIONS IN DOMBIVLI EAST: A TALE OF UNFULFILLED PROMISES
2. Lenyadri CHSL
Location: Lenyadri 2, Goregaon West
Address: 19A ,Plot No 47, Lenyadri 2 CHS, Sector, 1, Nerul East, Sector 19A, Nerul, Navi Mumbai, Maharashtra 400706
In Nerul, Navi Mumbai, there is a housing development called Lenyadri CHSL. One-bedroom layouts are offered. At Lenyadri Goregaon West, you can live an unparalleled lifestyle. Bank funding is permitted by well-known financial organizations like HDFC and Punjab National Bank.
The flat on floor 21 on Wing A, unit number 2,102, spanning an area of 649 sq. ft, got sold and registered for Rs. 1,69,25,010. The flat price per sq. ft is Rs. 26,078.60, according to the property transactions on February 17, 2023.
Lenyadri CHSL offers 1 BHK apartment.
Contact us for more information about Lenyadri CHSL immediately!
3. Sheth Vasant Galaxy
Location: Vasant Galaxy, Goregaon West
Address: Jai Taramani CHS, Laxmi Nagar, Goregaon West, Mumbai, Maharashtra 400104
Sheth Vasant Galaxy in Mumbai’s Goregaon West is a ready-to-move-in Andheri-Dahisar housing society. It offers units at various pricing brackets. These apartments were made with your needs and convenient lifestyle in mind, making them the perfect combination of elegance and style.
The flat on floor 5 on Wing B, unit number 503, spanning an area of 580 sq. ft, got sold and registered at a price of Rs. 1,52,55,000. The flat price per sq. ft is Rs. 26,301.72, according to the property transactions on February 20, 2023.
Sheth Vasant Galaxy offers 2BHK-3 BHK apartments.
Contact us for more information about Sheth Vasant Galaxy immediately!
Read More:
UNDERSTANDING THE DOWNSIDES OF PROPERTY TRANSACTIONS IN BALKUM, THANE-JANUARY 2023
4. Newtech Shastri Nagar
Location: NEWTECH, Goregaon West
Address: Ramnagar Building, Shop No. 4, Shree, Swami Vivekananda Rd, Shastri Nagar, Gokul Dham Society, Borivali West, Mumbai, Maharashtra 400092
Newtech Shastri Nagar is a residential project launched and developed by the reputed Newtech Land Developers Pvt Ltd at Goregaon West in Mumbai. The project aims to offer comfortable living conditions by encompassing modernity and adding luxury to its facilities.
The flat on floor 21 on Wing A, unit number 2,103, spanning an area of 475 sq. ft, got sold and registered at Rs. 77,50,000. The flat price per sq. ft is Rs. 16,315.79, according to the real estate transaction on February 20, 2023.
Newtech Shastri Nagar offers 1BHK-2 BHK apartments in the range of INR 84.87 – 90.62 lakh.
The RERA id for the project is P51800010602.
Contact us for more information about Newtech Shastri Nagar immediately!
Location: NAVRANG NAVKAR, Goregaon West
Address: 5R6W+G8H, Siddharth Nagar 4, Shri Nagar, Goregaon West, Mumbai, Maharashtra 400104
In Mumbai’s Goregaon neighborhood is a housing complex called Oxford Navrang Navkar. Oxford Navrang Realty LLP is the company building the project. They provide fully equipped 1BHK and 3BHK flats.
The flat on floor 7, unit number 703, spanning an area of 462 sq. ft, got sold and registered for Rs. 83,16,000. The flat price per sq. ft is Rs. 18,000, according to the property transactions on February 21, 2023.
Oxford Navrang Navkar offers 1BHK-3 BHK apartments in the range of INR 1.15 – 1.76 Cr.
The RERA id for the project is P51800047342.
Contact us for more information about Oxford Navrang Navkar immediately!
Learn More:
THE BRILLIANT PROPERTY TRANSACTIONS THAT BRIGHTENED BORIVALI WEST
6. Ariha Signature
Location: Ariha Signature, Goregaon West
Address: 154-A,B, Rd Number 11, Jawahar Nagar, Goregaon West, Mumbai, Maharashtra 400104
Shree Fuleshwari Estates constructed the residential development known as Ariha Signature. The project is close to all essentials due to its location in Mumbai’s Goregaon West and Andheri-Dahisar neighborhoods. They provide studio and one-bedroom apartments with all contemporary conveniences.
The flat on floor 14 on Wing B, unit number 1,404, spanning an area of 352 sq. ft, got sold and registered at Rs. 55,00,000. The flat price per sq. ft is Rs. 15,625, according to the property transactions on February 21, 2023.
Ariha Signature offers 2 BHK apartment.
The RERA id for the project is P51800027852.
Contact us for more information about Ariha Signature immediately!
7. Sethia Green View
Location: Sethia Green View, Goregaon West
Address: SETHIA GREEN VIEW, C104, Mahatma Gandhi Rd, near Hotel Manthan, Motilal Nagar III, Goregaon West, Mumbai, Maharashtra 400104
Goregaon’s shrewdly placed Sethia Green View, which is stunning. It is one of the best properties in the area and a residential project of the highest caliber. This project’s units are all in the ready-to-move-in state. The project provides property alternatives such as outstanding flats and value for money.
The flat on floor 4 on Wing F, unit number 402, spanning an area of 523 sq. ft, got sold and registered at Rs. 1,25,00,000. The flat price per sq. ft is Rs. 23,900.57, according to the property transactions on February 21, 2023.
Sethia Green View offers 1 BHK apartment in the range of INR 90 lakh – 1.15 Cr.
Contact us for more information about Sethia Green View immediately!
Explore More:
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8. Chandak 34 Park Estate
Location: Chandak – 34 Park Estate, Goregaon West
Address: Reddy Builders Plot, Rd Number 1, Yashwant Nagar, Goregaon West, Mumbai, Maharashtra 400104
The spectacular 34 Park Estate Goregaon West in Mumbai is a well-executed development. It is a gorgeously built, serene residential building that will surely impress you. All the apartments in this project are currently being constructed. Flats are the only kind of residence available in this development.
The flat on floor 34 on Wing C, unit number 3,401, spanning an area of 391 sq. ft, got sold and registered at Rs. 1,05,03,320. The flat price per sq. ft is Rs. 26,862.71, according to the real estate transaction on February 22, 2023.
Chandak 34 Park Estate offers 1 BHK apartment in the range of INR 94 lakh – 2.29 Cr.
The RERA id for the project is P51800006729.
Contact us for more information about Chandak 34 Park Estate immediately!
9. Piramal Nagar CHS
Location: Prestige Piramal CHSL, Building No 9, Goregaon West
Address: 5RCX+6C3, Piramal Nagar, Goregaon West, Mumbai, Maharashtra 400104
Goregaon West’s Piramal Nagar Goregaon West in Mumbai is a ready-to-move housing society in Andheri-Dahisar. It offers units at various prices. These apartments were made with your lifestyle requirements in mind, making them the perfect option for comfortable living.
The flat on floor 1, unit number 19, spanning an area of 325 sq. ft, got sold and registered at Rs. 71,00,000. The flat price per sq. ft is Rs. 21,846.15, according to the property transactions on February 22, 2023.
Piramal Nagar CHS offers 2 BHK apartments in the range of INR 1.78 Cr.
Contact us for more information about Piramal Nagar CHS immediately!
Also Read:
HOW JANUARY 2023’S PROPERTY TRANSACTIONS IN MAJIWADA THANE ARE A WARNING SIGN FOR INVESTORS
10. Radius Imperial Heights Wing C
Location: Imperial Heights, Goregaon West
Address: Best Colony Rd, Best Nagar, Kamble Villa, Mumbai, Maharashtra 400104
Radius Imperial Heights Wing C and D is a housing complex that Radius Developers introduced in Mumbai’s Goregaon West neighborhood. A wide range of amenities, such as a spa, sauna, steam room, library, cycling, jogging paths, etc., are offered by Imperial Heights.
The flat on floor 17 on Wing C, unit number 1,704, spanning an area of 1,224 sq. ft, got sold and registered at Rs. 2,80,00,000. The flat price per sq. ft is Rs. 22,875.82, according to the property transactions on February 22, 2023.
Radius Imperial Heights Wing C offers 1BHK-4 BHK apartments in the range of INR 79 lakh – 2.14 Cr.
The RERA id for the project is P51800003270.
Contact us for more information about Radius Imperial Heights Wing C immediately!
Conclusion:
Given the sheer volume of transactions happening in Goregaon West, Mumbai daily, and the potential risk involved in each one of them, it is evident that investors should be prudent with their investment decisions when buying or selling a property there. It would be wise to seek additional professional advice to identify any hidden loopholes and risks associated with the transaction before agreeing.
By adhering to this precautionary measure, interested parties can mitigate much of the risk traditionally associated with property transactions in Goregaon West, Mumbai.
