• search
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Matheran Realty launches Rs 3 lakh flats at Mumbai

By Staff
|

Mumbai, Aug 11: City-based real estate major 'Matheran Realty' (MRPL) announced the sale of its social housing ''Tanaji Malusare City (TMC)'' flats at Karjat here on Monday, Aug 11.

There are around 15,000 low cost flats spread over 8 million sq ft area. The prices start from Rs 3 lakh (1 Room-Kitchen), Rs 5 lakh (1 Bedroom-Hall-Kitchen) and Rs 7 lakh (2 Bedroom- Hall-Kitchen). The housing complex will also boast of its own solar powered street lighting and water supply along with playgrounds, parks and six-lane road to Karjat station. ''The cost of these flats work up to Rs 999 per sq ft. The common man can afford to pay Rs 2,000 as EMI and Rs 1,200-Rs to 1,500 per month for the purchase and maintainance,'' TMC, CEO, Pravin Banavalikar said, at the announcement. ''We are holding talks with major banks to facilitate loans for buyers,'' he added.

''The cost of each flat works out to Rs 2-2.5 lakh and we plan to recover our costs from the commercial projects for which, 10 per cent of the area has been earmarked. We will be developing shopping malls, hospitals and entertainment centres to cater to 60,000 residents,'' he said.

Commenting on the response, Banavalikar said the company has received over 50,000 enquiries since marketing the flats began from July 24.

UNI

For Daily Alerts
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more