Foundation Stage Pricing and Payment Plan for 2 and 3 BHK - Shraddha Paradise Enclave Mulund West
Investing in residential real estate during the foundation stage often provides a different financial structure compared to purchasing a ready-to-move property. Shraddha Paradise Enclave, located in the Veena Nagar area of Mulund West, is currently at a stage where specific pricing benefits and payment flexibility are available for its 2 and 3 BHK configurations.
Understanding the construction-linked milestones and the breakdown of carpet areas is essential for buyers evaluating this project.
Project Overview and Configuration Details
Shraddha Paradise Enclave is a residential development by Shraddha Prime Projects. The project focuses on providing larger-than-average carpet areas within the Mulund West micro-market. The building structure is designed to accommodate modern urban requirements while maintaining a focus on space efficiency.
2 BHK and 3 BHK Carpet Areas
The project offers two primary configurations. The 2 BHK units are designed with a carpet area of approximately 843 sq.ft. The 3 BHK units provide more expansive living spaces, ranging between 1159 sq.ft. and 1167 sq.ft.
Pricing Breakdown
The entry point for these units during the current construction phase is as follows:
| Configuration | Carpet Area (approx.) | Starting Price (approx.) |
|---|---|---|
| 2 BHK | 843 Sq. Ft. | ₹2.25 Cr onwards |
| 3 BHK | 1159 – 1167 Sq. Ft. | ₹3.20 Cr onwards |
Note: Prices are subject to floor rise and taxes as per government norms.
The Construction Linked Payment Plan (CLP)
Shraddha Paradise Enclave follows a Construction Linked Payment Plan (CLP). This model distributes the financial commitment over the duration of the building's progress. Instead of an upfront bulk payment, the buyer pays in installments tied to specific construction milestones, such as the completion of the foundation, plinth, individual slabs, and finishing.
Benefits of the Foundation Stage Payment Plan
- Staggered Cash Flow: Buyers can manage their finances more effectively as payments are spread over several years.
- Lower Initial Outlay: The amount required to secure a unit during the foundation stage is typically lower than the total cost of a completed apartment.
- Potential for Appreciation: Real estate values in Mulund West historically trend upward as a project nears completion. Entering at the foundation stage allows the buyer to benefit from the value gap between early-stage and ready-stage pricing.
Technical Consultation
For a detailed breakdown of the cost sheet and RERA-approved payment milestones, visit the official website or contact the sales office to schedule a site visit.
Comparison: Foundation Stage vs. Ready-to-Move
Choosing when to enter a project impacts both the total cost and the immediate utility of the home.
- Pricing: Foundation stage pricing is generally more competitive. By the time a project reaches the "Ready-to-Move" status, prices often increase by 15% to 25% based on market demand and infrastructure development in the area.
- Customization: Buying early sometimes allows for minor internal modifications or better selection of floor levels and views.
- Payment Flexibility: Ready-to-move homes usually require the full payment within a short window (30–60 days), whereas foundation stage projects offer years of flexibility through the CLP.
Location and Connectivity in Mulund West
Shraddha Paradise Enclave is situated on Agarwal Road in Veena Nagar. This specific pocket of Mulund West is known for its residential character and proximity to essential services.
Connectivity and Landmark Table
| Landmark / Hub | Distance / Connectivity |
|---|---|
| Mulund Railway Station | Connects to the Central Line for easy commuting to CSMT or Thane. |
| Eastern Express Highway (EEH) | Provides road access to South Mumbai and the Eastern Suburbs. |
| LBS Marg | Parallel connectivity for internal city travel. |
| R Mall & Dmart | Major retail and grocery hubs located within a short drive. |
| Education & Healthcare | Surrounded by established schools and multispecialty hospitals. |
Amenities and Lifestyle Features
The project includes a range of facilities designed for different age groups. These are integrated into the podium and rooftop areas to maximize space.
- Fitness & Wellness: A gym, yoga zone, and jogging track.
- Recreation: Infinity pool, indoor games room, and a dedicated kids' play area.
- Security & Parking: 24/7 CCTV surveillance and multi-level podium parking.
Technical Specifications and RERA Compliance
Transparency in construction is managed through the Maharashtra Real Estate Regulatory Authority.
- RERA Number: PR1180002600018
- Developer: Shraddha Prime Projects
- Location: Agarwal Road, Veena Nagar, Mulund West, Mumbai – 400080
The possession timeline is aligned with the RERA-declared dates, and the construction progress can be tracked via the RERA portal using the registration number provided.
Secure Your Unit
Review the floor plans and select your preferred unit today. Visit the Shraddha Paradise Enclave official website for the latest construction updates and availability.
FAQs
1. What is the starting price for a 2 BHK at Shraddha Paradise Enclave?
The 2 BHK units at Shraddha Paradise Enclave start at approximately ₹2.25 Cr. Prices vary based on the specific floor and orientation of the unit.
2. How does the payment plan work for this project?
The project follows a Construction Linked Payment Plan (CLP). Payments are divided into installments that become due as the building reaches specific construction milestones, such as slab completion.
3. What are the carpet areas for 2 and 3 BHK units?
The 2 BHK apartments have a carpet area of approximately 843 sq.ft. The 3 BHK units offer a larger space ranging from 1159 sq.ft. to 1167 sq.ft.
4. Is the project RERA registered?
Yes, Shraddha Paradise Enclave is RERA registered with the number PR1180002600018.
5. Where exactly is the project located?
The project is located on Agarwal Road, Veena Nagar, Mulund West, Mumbai. It is well-connected to the Mulund Railway Station and the Eastern Express Highway.