South Mumbai Flats

MHADA gets more than 120 Entries for its costliest 5 Crore South Mumbai Flats

Mumbai News

In Mumbai, location plays a pivotal role in deciding cost price of residential units and thus MHADA i.e. [Maharashtra Housing Area and Development Authority] is expecting this factor to work for selling its most expensive apartments till date.

The three 2BHK flats in Dhavalgiri building close to August Kranti Maidan and Grant Road station, are priced at Rs 5.8 crore, Rs 5.1 crore and Rs 4.9 crores respectively. The Maharashtra Housing Area and Development Authority will carry out drawn on December 16 for the same.

For these dwelling units, the applications are invited on or before December 10 and the authority has received 44 entries only for the most expensive flat that cost Rs 5.8 crore. This housing unit is located on the fifth floor, flat number 501 and cover 91.63 square metres or 986 square feet.

MHADA also received 42 and 44 applications respectively for other two residential units on the third floor.

These are flat number 301 and 302covering 80-82 sq. m. or 860-882 sq ft. These flats are in close proximity with south Mumbai’s business district and are aesthetically designed to have cross-ventilated while offering a breathtaking view of the surroundings.

These homes are different from the regular residential units offered by MHADA. The flat owners might have to wait for moving in here as some work related to amenities and fishing touches are yet to be completed.

Uday Samant, the MHADA president said that the authority will finalize these housing units before occupants move-in here. According to the sources, Dhavalgiri is not a new construction and was built by a renowned building in the year 2003 whose another project is exactly adjacent to these units.

Other housing units of the similar size to this cost Rs 7 crore the sources said.