Kanakia Spaces Vikhroli Project offering 1/2/3BHK apartments in Mumbai to provide state of art amenities. Kanakia Spaces coming to develop high rise residences in Vikhroli Mumbai.
Kanakia Group, a reputed player in the field of Indian realty, is very close to finalize its deal of purchasing a seven-acre plot in the suburbs of Vikhroli. The company has entered into a memorandum of understanding (MoU) with ITM, to purchase the plot that houses the latter’s office and factory. The aforementioned land has the developmental potential of around 10-15 lakh sq. ft, and the Kanakia Group is contemplating to use the land for mixed used development or for building residential projects. A part of the deal makes it obligatory for the Kanakias to purchase special purpose vehicle (SPV) which holds the land, as well as the stakes of all the shareholders of the firm.
The real estate brokers and consultants are of the opinion that land transactions are being revived as the prices have either taken a dip or have remained static. Bigger developers are also looking for land to expand their businesses with the expectation that the new real estate regulations (and development) Act (RERA) and other regulatory reforms would improve the market scenario in near future. Some of the bigger land transactions in NCR and Mumbai in last few years include DLF Ltd buying 11.76 acres in Gurugram for Rs1,496 as well as Oberoi’s purchase of GSK Pharmaceuticals’ land at Thane close to Mumbai for Rs555 crore.
July 2017 witnessed Tata Realty and Infrastructure Ltd and Standard Chartered Private Equity acquire a 47.5 acre plot at the Thane-Belapur industrial area near Mumbai. The same month was also witnessed Godrej Properties Ltd acquiring 14.8 acres near Dwarka Expressway.
Kanakia Vikhroli Project Overview
- Type : Residential Apartments
- Configuration : 1, 2 & 3 BHK
- Size: NA
- Area : NA
- Location: Vikhroli Mumbai, Maharashtra
Kanakia Spaces Vikhroli Price
|Unit Type||Unit Size||Pre-Launch Price|
|1 BHK||On Request||On Request|
|2 BHK||On Request||On Request|
|3 BHK||On Request||On Request|