World is Beautiful!

The time when you buy an ideal luxury project in Mumbai, it should be centrally located which has excellent connectivity to both road and rail transportation.

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This residential property is located away from the hustle of the city which is spread across 100 acres of greenery, giving you luxury resort type of experience.

Once upon a time, I was hunting for a luxurious apartment in Mumbai.

I found the best luxury apartments in South Mumbai, Worli, and areas around it because this area has good connectivity to the other parts of Mumbai.

A residential luxury home built up in the lap of nature with greenery everywhere can make us experience the beauty of nature while living our regular life.

It is important to maintain a quality lifestyle with better living facilities. Why we work so hard in our lives? Simple, it’s to live peacefully and enjoy our life to the fullest. It’s always advisable to invest your hard-earned money with a group that helps you get the best place within your capacity. Lodha Group is a well-known name in India. It is well appreciated for its before-time delivery of projects and unique concepts.

The group believes in bringing world-class facilities to India among the common man. They are bringing in unique and quality projects to the country enhancing our lifestyle. They flaunt residential complexes, urban oasis and lot more.

Recently, the group has launched Palava City, a project of its own kind. It brings in the world-class waterfront locations inspired by waterfronts in Chicago, Dubai, and Singapore

The Location:

Lodha Palava is spread over 4,500 acres and it located close to the upcoming Navi Mumbai International Airport. It lies at the heart of the economic activity in the Mumbai Metropolitan Region (MMR). It is one of the best locations that enjoys proximity to the main city.

It is just 20-minute drive from Thane, Navi Mumbai, Airoli and Kalyan and almost less than an hour’s drive from South Mumbai. You can easily drive through the Eastern Freeway and also well-connected by rail. The nearby railway stations include Dombivli (Central Line), Vashi (Harbour Line), and Diva (Vasai-Panvel Line). The quality of living is not far away from the main city.

Now, there’s an opportunity to build your dream home at a walking distance from Palava’s waterfront. Just imagine this exotic location with your own place nearby it. Exciting isn’t it? This is not all, the group has built a two and a half kilometers children play area, outdoor exercise arena, water play zone and laid out green areas for relaxation and sports. There is a special track for cycling and jogging and a forest area covered with hundreds of trees. Living here is like spending your whole life at a holiday resort.

The builders have taken care of everything from schools to hospitals are approachable in a few minutes. The neighborhood hosts two world-class schools, a grand clubhouse, the high-street retail, and Jain temple.

While it comes to the real estate industry of India, Mumbai is considered to be an important part of the same. Being well known as the financial hub of India, Mumbai includes some of the most expensive and tallest structures of India. Every year, numerous people relocate to Mumbai with the dream of purchasing their own properties in this “city of dreams”.

If you are one of them, who wants to purchase a luxury house in Mumbai, then you must be aware of the residential projects developed by the top realtors in Mumbai.

Although there are a number of realtor companies in Mumbai that specialize in offering luxury homes and apartments, I personally suggest the name of Bombay Realty. This realtor company has constructed several residential projects.

Buying the house of your dreams may seem like a lengthy and tiresome task, and paying for it is even more painstaking, but once you get the right payment method locked half of your payment worries are solved.

Let's have a look the 3 major payment plans that are offered in the real estate industry:

1. Down Payment Plan

This is the oldest and most used payment plan, where you have to pay 10-15% of the total cost of your house (luxury 3 bhk flats or duplexes et cetera). The rest of the 80-85% is paid in the first 30-45 days and then the remaining 5% is paid post possession.  

Pros

When you pay a lump sum amount to the builder/developer you get an 8-10% discount on the total cost.

Cons

In case of any unforeseen trouble, like the project getting stuck in a dispute or the builder running away with your money, you will have put all your money at stake probably your life's savings.

2. Construction Linked Plan (CLP)

It's an almost risk-free payment plan prevalent in luxury residential projects where you have to pay 10-15% of the total cost of your house then 10-15% in the first 30 to 45 days. The remaining amount is paid in slabs/instalments as per the stages of construction of your house.

Pros

The possibility of delay in delivery of the house is very less as the builder will keep the construction going in order to receiving timely payments.

Cons

You end up paying more interest as this is a long term payment plan, so you don't start paying the principal amount till you get the possession.

3. Flexi Payment Plan

In this payment plan, you pay 10-15% of the total cost of your house at the time of booking, then 35-40% within the first 45 days, and the rest of the 50% payment as CLP (Construction Linked Plan) according to the stages of construction. So a flexi payment plan is a combination of down payment and CLP.

Pros

As you are paying 50% amount in the first 45 days, you get a 5-6% discount from the builder. Also compared to the down payment plan, you pay lesser initially and then the rest as per the pace of construction.

Cons

If at all there is a delay in completion of project, you will have already started paying interest on the 50% amount, compared to CLP where you will be paying interest only on 30-40% of the total amount.