Matheran Realty To Sell Residential Units At Karjat

Property developer Matheran Realty said that it will sell 15000 residential units in its Karjat project at Rs 999 a square feet.

The company is setting up Rs 900-crore mixed-use project at Karjat on 100 acres of land.

Pravin Banavalikar, Chief Executive Officer, Tanaji Malusare City said, “The project will have 10%-15% reserved for commercial purposes which will help us to recover the margin we may loose from selling residential units”.

Tanaji Malusare City is the Special Purpose Vehicle of the Karjat project floated by Matheran Realty and a financial institution.

Banavalikar said that with 3,000 flats, the selling of the first phase of the project would start from tomorrow. Subsequent phases will come up in after every six months.

Expecting huge rush, the company has decided to sell the units through a lottery system and assured that people who would not get flats have the chance of securing one in subsequent phases.

Banavalikar said, “We are scouting around thousand acres of land to develop similar kind of projects in other places within 50-100 kilo-meters of Mumbai”.

4 Comments

  1. SHAIKH ASHRAF
    Posted August 12, 2008 at 11:38 am | Permalink

    ANY OTHER TOWN PLANING PLEASE CONTACT ME.
    ALL TYPES OF TOWN PLANING LAND AVAILABLE IN SHAPURE-DOLKHAM ROAD(125,ACER & 325 ACER),AND ALI BAUG ROHA VILLAGE(500 ACERS)….

  2. SHAIKH ASHRAF
    Posted August 12, 2008 at 11:40 am | Permalink

    ANY OTHER TOWN PLANING PLEASE CONTACT ME.
    ALL TYPES OF TOWN PLANING LAND AVAILABLE IN SHAPURE-DOLKHAM ROAD(125,ACER & 325 ACER),AND ALI BAUG ROHA VILLAGE(500 ACERS)….PLEAES CALL ME SHAIKH ASHRAF, MOB NO 9323310929.

  3. Posted August 14, 2008 at 3:41 am | Permalink

    Is it the right price for the property? Perhaps this is the question that keeps on creeping in people’s mind ever since they make up their mind to buy or sell a property. It is quite necessary to spot the right price for making a successful real estate transaction but it is some how difficult . Neither any rule of thumb nor a scientific technique is there to help! So, how to get a good deal? People are advised to believe their own instinct but cautiously. Some things which one should keep in mind to reach the decent levels of property-valuation and deal are:

    1. Good quality roads around and within the society add value to the property.
    2. Value depends on the profile of the location where the property is situated.
    3. Connectivity with bus depot, railway station and airport is equally important from buyer’s point of view. In fact, property in vicinity to these facilities makes sound investment proposition.
    4. People avoid locations that are closer or are known as riot prone area or communally polarized.
    5. Not to mention, green surroundings, civic amenities like safe drinking water, uninterrupted power supply and systematic drainage system are the first preferences of the buyer.
    As valuation of property is a process, all the above discussed factors go hand in hand with perception of quality.For more view- realtydigest.blogspot.com

  4. Arvind kumar sharma
    Posted September 14, 2008 at 7:19 am | Permalink

    WE WISH TO BOOK 2-BHK IN TMC CITY KARJAT IF NOT AVAILABLE IN IST PHASE. KINDLY ASK DATE C0ST/ LOCATION/AREA/ FOR IIND PHASE.

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