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Property Description
This is a redevelopment opportunity at Devidas Lane in Borivali West, with an existing carpet area of 422 sqft and a proposed new carpet area of 545 sqft as per RERA, or 522 sqft as per MOFA. The opportunity includes one free podium parking space and flat allotment after the Development Agreement is completed.
Property Details
- Located at Devidas Lane, Borivali West
- Existing carpet area is 422 sqft
- New carpet area is stated as 545 sqft under RERA and 522 sqft under MOFA
- One podium parking space is provided free of cost
- Flat allotment will take place after the Development Agreement
- The Development Agreement is currently under process
- Redevelopment developer is Shanti Developer
- Current rental income is Rs.30,000
- Corpus is approximately Rs.600
- Additional carpet buying option is 100 sqft at Rs.24,000, with areas above 100 sqft priced at Rs.27,000
- Rent is stated as Rs.72/75
The asking price is negotiable. For site visit or more details, contact AV Properties.
Frequently Asked Questions
The asking price is Rs.1.38 crore and it is negotiable.