Mumbai developer �Crystal Group� along with affordable housing developer �Xrbia Developers� announced the launch of their joint venture, city-centre project �Chembur Central� at a press conference held on 6th April 2017 at the Mumbai Press Club. The first phase of the project is planned to be 2000 houses at 700,000 sq. ft. out of an ultimate 6000 houses and 2.5 million sq. ft.
The press release issued on Tuesday also stated that the project is developed by Aryamaan Developers Pvt. Ltd. and will be developed in a span of 40 months. The apartments are priced at 40 lacs for 1BHKs and 80 lacs for 2BHKs.The 1BHKs have a carpet area ranging from 180 to 230 sq. ft. and 2BHKs have 305 sq. ft. carpet area.
The site of Chembur Central is its main attraction. Located ten minutes from BKC, fifteen minutes from Navi Mumbai and twenty minutes from both CST and the International airport, makes the development ideal for those who require convenient access to the city-centre. As it will be situated just one minute from Metro 4, one of the 7 new metro stations that was announced by the Maharashtra government, the project location is going to be in demand in the upcoming years. It is also fifteen minutes away from popular shopping malls, the Phoenix Market City Mall and the R City Mall.
Chembur Central is conceptualised and master planned by iconic architect Hafeez Contractor. It boasts of 50 state-of-the-art amenities and is will be home to ameandering swimming pool. The other major highlights are a multi-level Club house, squash court, 600 metre walking track, a speciality restaurant, coffee deck, shopping, spa and amphitheatre among others.
The press release also states that an international consultant report highlighted the location to be one of the most desirable residential locations in Mumbai, with annualized appreciation to the tune of 15-18%, and it remains an important investment hotspot.
This project is targeted to young professionals and millennials who value convenience and affordability. So to satisfy their needs and requirements, the project is creating compact homes designed exclusively for them. Chembur Central is a unique city-centre project which has compact homes designed for the young generation who have accessibility, affordability and convenience.
The Crystal group have a reputation for delivering high quality projects within timelines and Xrbia Developers have always been able to satisfy society�s need for greater space efficiency. So with this strategic partnership, both these real estate companies are hoping to pioneer the trend of compact housing in city-centres.
The chairman of Crystal group, Mr. Mukesh Doshistated in the press release that Chembur Central is one of the few centre city projects that is at an ideal location for its connectivity to all the major infrastructural areas of Mumbai and they hope to make this prime property available to home seekers. And since Crystal group is known for its timely deliveries and quality, they will stand for it in whatever they do.The chairman of Xrbia Developers, Mr. Rahul Nahar has also stated in the press release that they are extremely pleased to bring in compact housing to Mumbai and are confident that it will be a turning point in the real estate sector in Mumbai.
The launch of Chembur Central is on 11th April 2017 and would be inaugurated by Mr. Prakash Mehta, Cabinet Minister for Housing, Maharashtra. It is one of the very first centrally located project that offers luxury and affordability both at the same time.