Sunteck City, Mumbai - FlatGradings Opinion

2/27/2016 FlatGradings 0 Comments

Project Details

Project      : Sunteck City
Builder      : Suntech
Locality     : Goregaon West
City            : Mumbai

Analysis

Builder & Project Review:

If this would have been a Bollywood movie, it would have been an instant hit! It has everything, it's got the pricing right, the location right, right brands (partners), product configuration. But this is not a real movie it’s a real case scenario, the product in discussion here is Sunteck City. An under construction mini township project which promises to change the outlook & skyline of Goregaon west. The question in contention here is, should you invest here or not?

Quick Fact Check:

The developer is new, we had not heard of Sunteck realty till 5 years back, however, the company is listed and trades on BSE. Coming to the project it is loaded.
1. Swimming pool with kid’s pool
2. State of the art Gymnasium & Health Club
3. Exquisite Landscaped Garden with Children’s play area
4. Basketball & Badminton Court
5. Speciality Coffee Lounge
6. Launderette
7. Cutting edge security systems

Connectivity:

If you have visited the site from SV Road you will note it is in a midst of industrial area and close to the slum zone. The road leading to the project is so small that 2 cars find it difficult to pass through. The builders claim as part of MMRDA plans that area has been considered as Oshiwara CBD and plan to develop like BKC. No doubt the location is upcoming, close to the SV Road & an almost ready Osshiwara station. With the proposed 10 minute connectivity to Western Express Highway, things will only get better. Premium projects of other builders like Kalpataru, Lodha, Ekta in the vicinity are currently priced much higher (which is a major advantage for Sunteck).

Master Plan:

The idea is to create a mini township with a huge land parcel of 23 acres. They are launching the project in a phase wise manner. Though the complex is supposed to be self-sufficient, it would be only fair to judge the same once the entire master plan is shared by the developer.

Floor Plan:

I would like to start with the bedrooms, a master bedroom of size 12.8 * 10 sqft & second bedroom of size 8 * 9 sqft. is small; if you try to slot in a 6 * 6 ft bed, and a 2 ft wardrobe you will realize that there would be virtually no space to walk around in your bedrooms. Moving to the living space; an area approx. 150 sqft. would mean you can either have a lavish living room or a nice dining space, but not both.

Our Opinion

Pros:
1. Connectivity and future infrastructure leading to price appreciation
2. Amenities
3. Construction Partner is L&T (makes up for the lack of construction experience)

Cons:
1.Presence of industrial area and slums around the project
2. Current access road
3. Room sizes

Ratings:

Location     :     

Layout       :     

Amenities   :     

Floor Plan   :     

Final verdict:
This is an investment product as on date keeping in mind the pricing and size of the apartments, this area will develop if you have a horizon of 4 to 5 years this might be a good bet. If you can wait a bit...please do so and see construction reach a certain level when you can enter the project even if it means paying a little extra.