Builder Floor for sale in Kandivali East Mumbai

Kandivali (East) is a known locality of Mumbai city. It is an important real estate market in India. As per the recent analysis by Makaan.com Property Price Trends, per square feet (psf) price for buying a property in Kandivali (East) is Rs. 11,244/-

Started in 2006, the redevelopment work is far from completion but might get on track as the Bombay High Court has cleared the deck for the construction work to start. The project was in litigation due to a rule imposed by the Brihanmumbai Municipal Corporation that the developer must execute a permanent agreement with the old homeowners to get the construction commencement certificate. As the Bombay HC has set aside this condition, the work might begin soon.

In 2009, 300 buyers booked shops at Kamala Industrial Park at Kandivali. The builder, Metallica Industries, promised to give possession of the commercial units by 2013. In total, buyers had paid Rs 65 crore to the builder while Rs 12 crore remained to be paid. As it would later turn out, it was found that the builder forged commencement certificate (CC) to build seven floors while it was granted permission to build four floors only.

The Centre is planning to build a 19-km highway starting from Loni near the Delhi-Ghaziabad border to the Akshardham flyover. The new highway will allow commuters to avoid the congested areas of east Delhi and reach the Saharanpur-bound national highway NH709B near Loni from the NH-24 directly. The project has received an in-principle approval while it may take upto three months to file a detailed project report.

Barapullah Road Phase II and III will make the commute easier between east and south Delhi. The stretch when operational would start at Mayur Vihar Metro station and would end at Aurobindo Marg and INA Market. The total commute time from east Delhi to airport will come down to 40 minutes. The corridor would also connect NH-24 and NH-8, providing a signal-free ride to the commuters plying towards south Delhi.