Project Watch: Bhairaav Signature
Bhairaav Housing Signature is among the under construction properties in Navi Mumbai close to CBD Belapur. This residential project in India offers spacious and well-planned 2BHK and 3BHK apartments.
The product
Bhairaav Signature has a total of 52 units within the community. The construction of the complex began in October 2013 and is slated to be completed soon. There are 2BHK+2T and 3BHK+2T apartments available in the complex. The 2BHK apartment has a super built-up area of 1,300 sq.ft. while the 3BHK apartment has 1,636 sq.ft. of super built-up area.
The RCC structure of the residential towers keeps the units protected from damage during natural calamities.
There are numerous facilities inside the complex. Some of them are:
Community hall
Car parking
Rainwater harvesting
Party lawn with gazebos
Club house
CCTV cameras
The builder
Bhairaav Housing is a subsidiary of the Bhairaav Group. After a successful stint in the garments industry, the company forayed into real estate in 1994. It has worked on several real estate projects which are ideal for home seekers in terms of layout, amenities offered and convenience.
How to reach
Belapur can be reached via an intricate network of roads and railways. The area is connected to the rest of Navi Mumbai and Mumbai via the Palm Beach Road and Sion Panvel Highway. It has its own railway station which is linked to the Mumbai Suburban Railway Network. Buses operated by BEST, NMMT and ACKingLong pass through Belapur on their way to other parts of the city.
Locational advantage
Belapur is the central business district of Navi Mumbai and hence has a lot of commercial activity. Numerous IT MNCs and BPOs (Wipro BPO and ChoiceConnex) are present in the area providing employment to thousands of people. The Raigad Bhavan, Navi Mumbai Municipal Corporation and Konkan Bhavan are also located here. Numerous financial institutions, especially banks such as Punjab National Bank and State Bank of India have operational branches in CBD Belapur. After Worli, Nariman Point, Bandra Kurla Complex and Vashi, CBD Belapur is the next big business zone of Mumbai.
Belapur is connected to the Elephanta Caves, a popular tourist attraction in the island city via ferry services that depart from Sector 11. The upcoming Navi Mumbai International Airport is a short drive away.
Infrastructure and future growth prospects
The locality's civic, social and physical infrastructure is developed enough to support the lifestyle of today's investors. Numerous schools (Bharati Vidyapeeth High School), hospitals and shopping arcades are there in the vicinity.
Apart from the Navi Mumbai International Airport, the area is set to benefit from the metro lines, which are under construction and would improve connectivity to Taloja.
Price comparison
The units in Bhairaav Signature, Navi Mumbai are priced at Rs. 7,830 per sq.ft., which is very reasonable considering the current property prices of Rs. 9,419 per sq.ft in CBD Belapur. When plotted against the prevailing per square foot rate in the locality, one would observe that price of each unit in the under construction property in Navi Mumbai complex is moving in tandem.
CBD Navi Mumbai itself has witnessed a price hike of four percent in 23 months, which would continue given the way the area's developing infrastructure. It would be a good decision to invest in the property, given the whopping difference between per square foot prices.
PropTiger.com's ratings
Parameter | Rating |
Builder | Good |
Price | Very good |
Project | Good |
Location | Very Good |
Recommendations
It would be wise to invest in Bhairaav Signature complex, which is in the thick of business and commercial activities in Navi Mumbai.