Hiranandani Zen, Mumbai - FlatGradings Opinion

6/17/2016 FlatGradings 0 Comments

Project Details

Project      : Hiranandani Zen
Builder      : Hiranandani Builders
Locality     : Jogeshwari Vikhroli Link Road
City            : Mumbai

Analysis

Builder & Project Review:

I am soon going to be an unpopular person in Powai. Why? Well, I might just end up saying a few harsh words against Mumbai's number 1 developer.

The reason being the very basic and core fundamentals on which the Hiranandani brand was built (i.e. design, space, trust) are relatively amiss in this latest product offering by this luxury developer; the only constant being premium pricing!

The product was first launched in around 2013 wherein brokers were collecting a booking amount of Rs. 5 lakh; however the developer failed to get the required permissions and the project was stalled. A year later the same product was offered, similar proposition but higher price point. I was one of the eager few who were interested in picking up this product however this is what I found.

Quick Fact Check:
1. 4 towers coming up.
2. 1 BHK carpet at approx. 360sq. ft., 2 BHK approx. 740 sqft.
3. All close to Delphi/ HFS
4. Possession in 4.5 years.

Connectivity:

Well if you ask anyone about Powai, you will realize that this is the most charming and amazing suburb of Mumbai. Bandra, Powai, and Andheri west are the heart of Mumbai where you have the best schools right from Bombay Scottish to Hiranandani school to Sm Shetty to the prestigious IIT and KVIT & NITIE

A walk score of more than 90. Loads of office spaces restaurants and an expats delight. Social infrastructure is unparalleled, you need to deepen you your vehicle, however, autos and buses ply regularly in this township.

This would be ranked as Mumbai’s number 1 township if someone was to carry out a survey keeping in mind its architecture, out of the ordinary urban planning and designs.

Master Plan:

Floor Plan:

First, there are 8 flats per floor, the 1 bhk is actually a mini 1 BHK / 1 room/kitchen (open kitchen concept). Also, this 1 room kitchen has only one bathroom. It's not a master bedroom it’s a 9 * 12 bedroom. Behind ADALIA A & B, and TAMARA Towers, there is pumping station for BMC sewage. See the attached layout plan. It was disappointing.

It seems that the Adalia building is for the government's 350 flats order that would be sold to the low-income group or for rehabilitation. That is why the carpet area is barely 376 sqft hence the affordable prices for the flats in that building so that low-income people can also purchase it.

The 2 BHK’s are much better improved and better layouts, the 2 BHK’s come with a 120 sqft. master bedroom & 100 sqft. the bedroom which is not great. However, you have to live with it. I would rather invest in Nahar projects. That neighbourhood is also coming up very well and very close to Hiranandani, Powai. After 3-4 years, it would really be good

Our Opinion

Pros:
1. The location
2. The developer - It’s Hiranandani!
3. The common amenities

Cons:
1. The Floor Plans
2. The internal amenities could have been better
3. The clubhouse - Wonder why Hiranandani didn't refurbish the old one and build a new one which is shared by so many people

Ratings:

Location     :     

Layout       :     

Amenities   :     

Floor Plan   :     

Final verdict:
Well if you have money and you want to live in Powai then go ahead and buy, otherwise, I am not convinced on this from an investment perspective. I feel L&T, Nahar would be better from investors’ perspective.