Ekta Tripolis, Mumbai - FlatGradings Opinion

2/13/2016 FlatGradings 0 Comments


Project Details

Project      : Ekta Tripolis
Builder      Ekta World
Locality     Goregaon West
City            Mumbai


Analysis

Builder & Project Review:
As we stand today Goregaon is bustling with Real Estate activity, with construction happening across this suburb of Mumbai. To understand what caused this sudden spike in infrastructure development let’s take a step back and look at what has happened in this area in the past 10 years.

Bracketed on either side of the railway line by the Western Express Highway and the Linking Road, Goregaon was primarily a middle-class residential neighbourhood, nestled with slums and small towers across. But 2006 was the year when everything was about to change.

1. Year: 2006 - HDIL picked up whopping 45 acres land in Goregaon under the SRA scheme and decided to jointly develop it with MHADA
2. Year: 2008 - By 2009 HDIL started feeling the heat with multiple cases bring filed against them due over land ownership & allotment issues
3. Year: 2009 - Cash crunch hit HDIL and they started liquidating their assets.
4. Year: 2010 - On Tuesday, 8 June 2010 a leading newspaper reported that HDIL recently sold 20 lakh sq. ft. of floor space index generated through the redevelopment of Siddharth Nagar in Goregaon for a total consideration of approximately Rs 1,025 crore.
5. Year: 2011 – 2012 - Soon all hell broke loose Goregaon was gearing up to be one of the most exciting suburbs in recent history. Developers started launching projects in this prime area which was deserted for years. Though they had the smallest land parcel Ekta had the first mover advantage, they rolled out a pre-launch offer their project Tripolis




Quick Fact Check:
30 storied dual towers structured to have 2 and 3 bedroom classic and platinum apartments with the first four levels being elite car parking. The 2 BHK Gracia and 3 BHK Eleganz are for those desiring a fair amount of luxury and the 3 BHK Grande for those desiring super-sized luxury. This top speculation comes with the high-tech fitness centre, health club, swimming pool and all-inclusive premeditated visual landscaped boundaries etc. that this exact value for money. The apartments in EKTA TRIPOLIS are intended to come operational with a chic modular kitchen, Hob & Chimney for that graceful cooking and imported granite flooring throughout the apartment along with split AC's in all rooms.

1. 4 Levels of Podium – So the first floor starts from the 5th floor of an average building.
2. Stretching 36 residential storeys into the rapidly transforming suburban skyline.
3. Control lighting, fans, music, AC's, curtains as well as other gadgets and appliances in the entire home using an integrated digital panel.
4. Welcomes you with premium luxury residences in a choice of formats
5. Imported modular kitchen with accessories
6. The combination of designer tiles and imported marble flooring.
7. Goregaon in the backdrop for this project acts as an added advantage for Ekta Tripolis
8. Facilities for sports, children's play area, swimming pool, reflexology zone etc accentuate the benefits of this place.



Connectivity:


Goregaon area was once considered to be remote, both in terms of accessibility and lifestyle but it has gone a metamorphic change! With an incredible array of amenities in retail, entertainment and education area for businesses, the infrastructure is flawlessly strong to provide a backbone for modern day living concepts. Thus having Goregaon in the backdrop for this project, acts as an added advantage for Ekta Tripolis, as it renders great accessibility and conveniences to the residents. Thus, schools, colleges, malls, Multiplexes, and other lifestyle amenities are all located close by to this place. Located in the heart of Goregaon west with excellent connectivity to SV Road and Link Road.

1. 15-minute drive from the western express highway, 25-minute drive during heavy traffic
2. Under-construction flyovers at Oshiwara & JVLR to reduce travel time to 10 minutes. A new bridge
3. 400 Meters from the project is planned which will be ready in a few years for East West Connectivity to the Highway
4. Proposed Oshiwara railway station within a 2 km radius
5. Proposed Metro Rail Phase-II to connect you to Chembur and Colaba in 25 minutes
6. Infrastructure with leading schools and hospitals in the vicinity
7. Prominent Malls in the vicinity: Inorbit Mall, Oberoi Mall, Hypercity Mall, Mega Mall
8. Prominent schools in the vicinity: - Swami Vivekanand International School & Junior College, Amity
9. Global Business School, Oberoi International School, Yashodham High School
10. Prominent hospitals in the vicinity: Cooper Hospital, Ever Shine Hospital, Kokilaben Dhirubhai Ambani Hospital, The Children's Hospital Mumbai


Master Plan:

There is a limitation the architect had here, lots stuffed into this small 3-acre plot. The designers have tried their best to give everything at one go, however, privacy will be compromised. Pick the lower floors and you will get a good clubhouse view. Else the layout is average. The amenities consist of:
1. Automated homes
2. Modular kitchens
3. imported marble flooring
4. Imported wooden flush doors with premium hardware fittings
5. Clubhouse and amphitheatre
6. Party lawn, maze garden, children's play area
7. Basketball, tennis, squash, snooker, table tennis
8. Swimming pool, Jacuzzi, gymnasium, meditation, reflexology zone
9. Large water bodies, garden walkway, interactive fountains
10. Video door phone, intercom connectivity, guard house, CCTV
11. 4 elevators per tower
12. Special no vehicle zone

It’s fully loaded.


Floor Plan:
2BHK: Constructed as per new DCR rulings, these are compact 2 BHK’s. The living & dining room is one of the smallest in its category 211 sq. ft. Master Bed is 143 sq. ft. & the kids room 121 sq. ft., bathrooms are pretty small for me to call them luxury, measuring 35 sq. ft. & 40 sq. ft. Honestly nothing special about the layout, the fizz is missing. I wish the designers had provided extra space in the house.

3BHK: The 3 BHK’s are relatively better spaced out, but still remains fairly standard, the master bed which is 168 sq.f.t and living room 240 sq.ft. are the only aspects of this layout you will like. Else it’s a disappointment on the overall.





Our Opinion

Pros:
1. Amenities
2. Location (basis future infra development and connectivity)
3. Overall this project looks good offers good connectivity to western express highway and western line and a good view of Aarey greens. This would be a best buy property in Goregaon. Also, this project is offering a wide range of amenities starting from a clubhouse to party lawn, tea corner, amphitheatre, sports section and many more. Looking at the overall project, this would not be a bad deal for all the amenities, location, quality and the consistent appreciation seen in this area.

Cons:
The floor plan, it's too cramped for our comfort

Ratings:
    Location     :     

    Layout       :     

    Amenities   :     

    Floor Plan   :     

Final verdict:
It’s a good product, Ekta as a developer has a reputation for completing projects on time. It’s a good investment however if you are still in the market do have a look at Kalpataru Radiance. It seems from info online, the he project has IOD and CC. Bank Approvals for loans from ICICI, HDFC and Axis Bank already in place. Definitely a smart investment option. For Investors/Exit Period/Infrastructure Impact: The Lock-in Period of 2 years and 2 subsequent. Transfers are free. This gives an investor an easy exit option without hitting on the returns. 

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