HINDUSTAN TIMES, MUMBAI, SATURDAY APRIL 07, 2012 htestates03 LUXURY PUSHES NORTH The skylines of towns like Kalyan and Dombivli are becoming snazzier as premium builders, such as the Tatas and Lodha Group, set up luxury housing projects there. But before you invest in a flat, check out the infrastructure Sparsh Sharma urbs, and ■
[email protected] Ambernath and Badlapur in the central ar-flung suburbs suburbs are witnessing like Dombivli, construction activity. Kalyan, Kharghar, Panvel and others The money factor are now being The main reason why home Fdeveloped by some of the seekers consider living in country’s top-notch builders. far-flung suburbs is the While some of the upcom- money factor. “As Mumbai ing projects are low-cost becomes more expensive, housing, there are ‘premium’ people have to move to housing projects coming up peripheral areas. The rate in as well. Although these the city ranges from R15,000 properties cost less to R25,000 per square foot. and other amenities compared to flats of the Even Thane is considered a need to be devel- same size and by the same mega suburb now with rates oped,” he adds. builders in the main city, ranging from R10,000 to The biggest advantage they are still considered R15,000 psf. Projects on of living in these areas is luxury projects in these Ghodbunder Road are that one can own the house. areas, and most of them priced between R8,000 and Ram Makhecha, director of boast modern amenities. R10,000, while the rate in Vakratunda Group, says, Some of these projects CBD Belapur is between “With nuclear families and include Amantra by Tata R7,000 and R8,000,” says people in their early 30s Housing on the Mumbai- Bharat Malik, a realtor.