Mumbai notably offers the most expensive real estate zones in India. Buying a property in Mumbai may cost a significant saving to most aspiring homeowners; thus, a home loan comes into play. Luckily the Real Estate Regulation and Development Act, 2016 (RERA) was brought into force to protect the buyers.
Once you go for a home loan, the last thing you would need is unwanted delays and inefficiencies in the construction project. Here are a few of the RERA-certified under-construction projects in Mumbai. They are picked across different budget ranges, along with some of the basic information that every homebuyer likes to know beforehand.
1. Godrej Prime, Chembur, Mumbai – Built by Godrej Properties, this project’s amenities include a mini theatre, reading lounge, clubhouse, and power backup.
- RERA ID: P51800000519
- BHK Option: 1, 2, and 3 BHK
- Price Range: On request
- Expected possession date: November 2022
2. Kalpataru Magnus, Western Suburbs, Mumbai – Built by the Kalpataru Group, this development features internal roads and footpaths, stormwater drains, and earthquake-resistant construction.
- RERA ID: P51800004029
- BHK Option: 2 and 3 BHK
- Price Range: Rs. 5.75 Cr – Rs. 7.84 Cr
- Expected possession date: December 2023
3. Rustomjee Bella, Central Mumbai – This Rustomjee Construction project has a banquet hall and multipurpose room among its amenities.
- RERA ID: P518000029526
- BHK Option: 1 and 2 BHK
- Price Range: Rs. 90 L – Rs 1.46 Cr
- Expected possession date: September 2021
4. Runwal Sanctuary, Central Mumbai – Featuring an advanced firefighting system and aerobics facility for fitness enthusiasts, Runwal Sanctuary is in Mulund, Mumbai. Real estate developer Runwal built it.
- RERA ID: P51800025926
- BHK Option: 2 and 3 BHK
- Price Range: Rs. 1.49 Cr – Rs. 2.25 Cr
- Expected possession date: December 2025
5. Lodha The World Towers World One Tier III and Trinity, Mumbai South – A premium property by the Lodha Group, residents will enjoy squash courts and an amphitheater, among its many amenities.
- RERA ID: P51900008962
- BHK Option: 3, 4, and 5 BHK
- Price Range: Rs. 7.52 Cr – Rs. 17.2 Cr
- Expected possession date: December 2022
6. Ornate Heights, Vasai – Built by Ornate Universal, sporting facilities include box cricket, a sewage treatment plant, and biometric security.
- RERA ID: P9900002406
- BHK Option: 1 and 2 BHK
- Price Range: Rs. 34.66 lakhs – Rs. 49.54 lakhs
- Expected possession date: April 2026
7. Mahindra Vicino, Andheri East – Developed by Mahindra Lifespaces Developers, this project has efficient energy management with a substation and receiving station. Balcony in all rooms and Vaastu compliance are other notable features.
- RERA ID: P51800022067
- BHK Option: 1 and 2 BHK
- Price Range: Rs 1.57 Cr – Rs 2.92 Cr
- Expected possession date: September 2024
Conclusion
With these and other similar projects, you will be able to select one only after determining your budget. While home loan interest rates are presently low, a look at a home loan EMI calculator will give you an idea of the exact EMI due each month.