Project Of The Day: Sai Residency, Mumbai

Mumbai, India's dream destination, has a large population of people who have made the city their home away from home, as well as those who were born and brought up there. The residential property in Mumbai has been growing at a very fast pace and Sai Residency by Jet Infraventure adds itself to the list of properties that are easily accessible from Mumbai.

The Product

Sai Residency is the latest development of the Jet Infraventure located in Alibaugh, Raigarh district in Maharashtra. It is spread over an area of 0.3 acres with 18 units of apartments. The flats here are of 1 and 2BHK orientation and are available in different sizes ranging between 760 and 1060 sq. ft. The ambience inside the home is crafted to suit the happiness and well-being of the residents along with airy and spacious alignment. The entire tower has been constructed on RCC structure. The amenities that Sai Residency offers are:

• Children's play area
• Rainwater harvesting
• Power backup
• Landscaped gardens
• Parking spaces
• Lift
• Power backup
• Private terrace garden
• 24X7 security

The Builder

Jet Infraventure limited was established in the year 2001 and was led by an enthusiastic team of young and talented players. The company engages itself in creating good quality residential and commercial projects.  In its experience of 14 years, the group has delivered exceptional projects. Currently, it is working on 3 projects out of which 1 is under construction.

The locality

Sai Residency is located in Alibaugh in the Raigarh District of Maharashtra. It has become a popular residential area for people seeking property in Mumbai.  It is close to important places such as Panvel, Kharghar, Roha, Taloja, Mahad, Khalapur and others. Some of the locational advantages of the area are:

• It is 100 kilometers towards the south of the main city of Mumbai
• Nearest railway station is at Pen  at a distance of 30 kilometers
• The famous Varsoli beach is 1 kilometer from here
• Renowned educational institutions of the area include Saint Mary school, RCF school and college and Dr Babasaheb Ambedkar Technological University
• Reputed hospitals include Damanker Hospital, Anandi Maternity and Child Hospital

Infrastructure and Future Prospects

Alibaugh is a tranquil place, away from the hustle-bustle of city life, and yet, it has all the infrastructure that a city has. The area overlooks the sea and important coastal spots such as the Mumbai Harbor and the Jawaharlal Nehru port are in the vicinity. Home buyers have many options if they are considering to invest in property in Alibaugh, as several renowned builders are working on their respective projects here. Some of the top builders in the area are Kiron Group, Mahindra Lifespaces, Saturn Superstructures and Mark ventures apart from Jet Infraventure. There are a total of 22 projects in the locality out of which 10 are ready to move in, 10 under construction and 1 to be launched soon.

Price comparison

The apartments at Sai Residency are available at the rate of Rs. 3,900 per sq. ft. The price of a 760 sq.ft. 1BHK here is Rs. 29.6 lakh, a 780 sq. ft. 1BHK comes for Rs. 30.4 lakh and a 1,060 sq. ft. 2BHK flat costs Rs. 41.3 lakh. The average price of flats in the area is also Rs. 3,900. La Gardenia is located in the neighborhood and is available at Rs. 5,500 per sq. ft.  The price of the property in Alibaugh has increased by 7% in the past 12 months. According to the calculations by real estate experts, the area is 0.27% more expensive than other areas in Raigarh and around Mumbai.

According to PropTiger.com, Alibaugh gets a livability score of 9.7, which is an outstanding ranking. The livability score determines the level of happiness that a resident will have while living in a particular area.

PropTiger.com's rating

Overall recommendations

Sai Residency is a very good choice for the investors because the apartments are offered at a lower price as compared to other projects nearby. Even if you are an end user and are considering to buy a home here, it is a good choice.

For more information, contact PropTiger.com.