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ANAROCK Snags Exclusive Mandate for Swaminarayan City in Mumbai – RealtyMyths

29% of H1 2019 Housing Supply Qualifies for Govt. Sops RealtyMyths

Limited-edition housing at Mumbai’s latest major pilgrimage destination

Leading real estate services provider ANAROCK Property Consultants today announced that it has accepted an exclusive mandate to market 550 limited-edition flats in Swaminarayan City at Dombivali West, Mumbai. The project, which leverages excellent location along with a high spiritual aspiration quotient, is spread over 148 acres in Retigaon in Dombivli (West) – one of Mumbai’s fastest-growing suburbs. Its proximity to the Ulhas river offers unmatched views of this famous water body.

Bappaditya Basu, Director & Head – Channel Partner Business, ANAROCK Property Consultants says, “The project’s USP may be seen to be that it abuts India’s largest Swaminarayan Temple coming up over 14 acres in Dombivali. However, Swaminarayan City also provides exceptionally high location value. In fact, the mounting housing demand in Dombivali had prompted the launch of nearly 2,960 new units in 2018. Easy connectivity via local trains, improving infrastructure, relatively affordable property prices and MIDC’s big industrial complex around Dombivli are fuelling demand for mid-range housing in this region.”

Swaminarayan City, which was inaugurated by noted spiritual leader Swami Nitya Swarup Swamy in the presence of a huge crowd of followers and dignitaries from Mumbai and beyond, will consist of 3 towers yielding a total of 550 apartments at 183 units per tower. The available 1 and 2 BHK configurations are priced at Rs. 45 to Rs. 70.5 lakh (plus applicable taxes) onward respectively.

Sachin Patel, MD – Swaminarayan Life Space LLP says, “Swaminarayan City is named for the massive temple complex coming up here and will predominantly cater to Swaminarayan devotees from within and outside Mumbai. However, it also benefits from matchless connectivity – which obviously is foremost on every Mumbaikar’s wish-list. Thanks to the unique confluence of location benefits, the temple and its river view, we are projecting capital appreciation of anywhere between 14-16% over the next 1.5 years. This certainly trumps most other locations in MMR.”

Soon to become a major pilgrimage destination in its own right, Swaminarayan City is located 1.5 km from Dombivli station, 2.8 km from Kopar station, 7 Km from Kalyan Junction and 3 km from Thakurli. It is close to the upcoming Mankoli bridge as well as the upcoming Ring Road connecting Kalyan and Katai Naka.

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