Project Watch:  Lodha Splendora, Mumbai

Are you planning to invest on luxurious properties in Mumbai? The Lodha Group is introducing its latest super luxury project, Lodha Splendora in Thane West, Mumbai. This Mumbai property will have plush spaces, along with a host of amenities and facilities, for a comfortable living.

Let us see if this property is worth investing in:

The product

Lodha Splendora is one of the upcoming properties in Thane West, Mumbai, and is spread over 15 acres. Lodha Splendora in Mumbai offers a total of 780 units in 14 towers. The sizes of the 1, 2 and 3BHK flats in Thane West range from 675 to 2,013 sq.ft.

Lodha Splendora provides a long list of the complementary amenities for the residents. Some among them are:

• Clubhouse
• Cafeteria
• Gymnasium
• Children's play area
• Swimming pool
• Jogging track
• Power backup
• Yoga and Aerobics studio
• Senior citizens area

The builder

Lodha Group was established in 1980 and it has delivered some great projects that have been widely adored by its clients. From creating a world record for building the highest residential tower to the 5-star rating for the best interior designing, Lodha Group has received wide acclamations and awards. Some of its other great projects are Codename Blockbuster, Elisium, Aria, Golflinks with many others in the list of its properties in Mumbai.

The locality

Lodha Splendora is located in Thane West in Mumbai. It is surrounded by many tourist spots, and civic infrastructures are also very close to the project. It is one of the best localities to consider if you are planning to buy a property in Mumbai. Some of the locational advantages of Thane West are:

• The Eastern Express Highway is at a distance of 4.3 kilometers.
• Thane Railway station is 5.1 kilometers away.
• Important links also include NH 3 and NH 4.
• Educational institutions of the area include DAV Public School, Merry International School and Euro School.
• Reputed hospitals located nearby are Lok Hospital and Jupiter Hospital.
• It is a home to big corporations such as TCS, ICICI, Bayer, Glenmark and Godrej.

Infrastructure and future prospects

Thane has always been up to the mark when it comes to infrastructure development -- whether it is the first passenger railway link of the country or the industrial set up. Currently, there are a total of 405 residential projects in Thane West, of which 241 are ready to move in, 123 are under construction, 33 are to be launched soon and eight are on hold. The area is witnessing a price rise of 7.3% a year and is 0.17% more expensive than nearby areas. Thane West is a good investment destination for investors and end users; also, for home buyers looking for affordable flats in Thane, as well as the luxury properties. Lodha Splendora gets a score of 7.4 on the livability meter calculated by PropTiger.com, which is a good rating.

Price comparison

The apartments at Lodha Splendora is available at a price of Rs. 9,162 per sq.ft., which is lower than the average price of property in Thane West, at Rs. 9,464. Thane West is a thriving locality when it comes to real estate and is also costlier than other areas of Mumbai. Some of the projects in the nearby location such as Lodha Blockbuster, Prity Park and Harmony Lifestyle Signature suite are available at the rates of Rs. 8172, 7200 and 8150 respectively. According to a report 'Prop insight' prepared by PropTiger.com, the price of Splendora has been fluctuating since its launch. It was in September 2014 that the project's price took a steep rise up to the point of its present price.

PropTiger.com's rating

Overall recommendations

Lodha Splendora in Mumbai is a good project for the investor and the end user.

For more details on this residential project, refer to the report Prop Insight or contact PropTiger.com.