Project Watch: Godrej Prime, Mumbai

Godrej Prime is an upcoming property in Mumbai, developed by the Godrej Group, a leading property developer in Mumbai. The residential project is located in Chembur, Mumbai, on the Santa Cruz–Chembur Link Road (SCLR) and is located near the eastern express highway. The living space is aesthettically designed and has full utility. Godrej Prime offers affordable flats in Mumbai, along with many facilities.

Will it make a good investment? Let's find out.

The product

Spread over 3.54 acres, Godrej Prime offers 574 units of 2BHK and 3BHK apartments. The sizes of these apartments ranges from 663 sq.ft. to 1,076 sq.ft.

The project also has amenities like:

• Swimming pool
• Gymnasium
• Clubhouse
• Children's play area
• Landscaped gardens
• Mini theatre
• Library

The builder

Established in 1990, Godrej Properties Limited is a leading real estate developer in Mumbai. The company is headed by Adi Godrej, Chairman of the Godrej Group, who is also the Director of Godrej Properties. Godrej is the first real estate company to have an ISO certification and expertise in developing commercial and residential projects in Mumbai and other parts of India.

Directions to reach

Godrej Prime is located in Chembur and is 22 kilometers from the city center. It lies in the eastern quadrant of the city and has good rail and road connectivity with South and Central Mumbai, Central Suburbs, Thane and Navi Mumbai.
The project site is well connected with all major locations in and around Mumbai.

• The domestic international airport is located at a distance of 13 kilometers and the international airport is 14 kilometers away.
• The Bandra Kurla Complex (BKC), a planned commercial complex, is only five kilometer away from the site.

Infrastructure and future prospects

Chembur has developed into a lively neighborhood of Mumbai with good civic and social infrastructure comprising public gardens, hospitals, schools and clubs. Also, the area is well-connected to other major areas in Mumbai via key arterial roads such as the Eastern Express Highway and the Sion Panvel Highway.

Monorail has been proposed in two phases -- Chembur to Wadala and Wadala to Sant Gadge Maharaj Chowk. Once completed, the 19.54-kilometre Chembur-Wadala-Jacob Circle Monorail Corridor will be the second longest monorail corridor in the world.

Price comparison

The average price in the locality is Rs. 15,542 per sq.ft., whereas Godrej Prime has priced its 2BHK at Rs. 13,250 per sq.ft. and 3BHK at Rs. 13,000 per sq.ft., which is low compared to the average price in the area.

Current, the project is at pre-launch stage and we suggest you to take a quick decision to invest in this new apartment complex in Mumbai, as prices are expected to appreciate soon.

PropTiger.com's ratings

Overall recommendations:

Godrej Prime, Mumbai, it seems, is a lucrative investment option for both investors and end users due to its ready-made infrastructure. So, book your apartment as soon as possible, as the BSP is only for a limited period offer and the price might increase anytime soon.

For more information about the project or the builder, visit PropTiger.com