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Royal Palms offers commercial realty at Rs 3,999 psf

Updated on: 19 November,2009 10:40 AM IST  | 
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Make your dream deal for commercial real estate come true at Royal Palms this year end

Royal Palms offers commercial realty at Rs 3,999 psf

Make your dream deal for commercial real estate come true at Royal Palms this year end




As the festive season gets into high gear with Eid and Christmas coming up, home seekers have a different sort of festive experience that mayu00a0 bring everlasting happiness in their lives u2013 a real estate purchase in a green and environment friendly location, Royal Palms, Goregaon East. And, now it makes business sense too u2013 given the hike in prices of residential realty from last Monday.





"In effect, it's almost a 25 percent hike in prices," says Dilawar Nensey, JMD, Royal Palms. "We had a special offer some days back, and some of those who came had mentioned about appreciation of value. We put that scheme through its last days tillu00a0 November 15. Now that the new price points are out, it turns out that those who bought in 'that phase' were lucky enough, as the new offerings will now be at raised price point," he explains.

Nensey further says, "This scenario, from the Rs 3999 per sq ft special offer to the response on the day we increased the price, offers a knowledge takeaway that the price offered was value for money, and secondly good things don't last forever, says Nensey. "In effect, for those who booked at the old price point, this represents almost a 25 per cent return on investment right now. It is not just about prices or returns on investments. As compared to other residential realty offerings in the suburbs, the biggest plus point of Royal Palms is the low ratio of carpet: saleable floor space. Effectively, you will find the interior of your flat say, 1660 sq ft to be more spacious, when compared with similar offerings in Mumbai.u00a0

At Royal Palms, the next offering is going to be commercial real estate, and while the residential one was a 'value for money' deal, the commercial real estate deal will be a bit sweeter. "For one, we will price it as Rs 3,999 per sq ft, which is an excellent option for anyone looking at buying commercial spaces, or even looking out for investment options in commercial realty," he explains.

Apart from the attractive price, we have units in sizes that range from small to mid-sized to large. So, at the entry level, the cost is really affordable," says Nensey.

Given the various options from small sized to an entire floor plate to a customised, built to suit building, Royal Palms will have some really attractive commercial real estate options for buyers.

But the piece de resistance will be the 'rent back option' for 24 months for the first 100 buyers, which makes the deal too good to miss. "In effect, the returns will be better than what fixed deposits are providing right now," explains Dilawar Nensey.

Real estate projects at Royal Palms are hallmarked by design excellence and aesthetic appeal. These are planned, implemented and managed by internationally acclaimed and experienced consultants, and are benchmarked to global standards.

These real estate options now on offer are among the best that a realty seeker can find, and one who has a dream about owning a commercial space amidst a verdant green environment needs to visit Royal Palms at the earliest.u00a0

"The festive season has created a positive sentiment in real estate, and the special offer on commercial real estate is for a limited period," says Nensey.

Commercial spaces with all natural advantages and infrastructure of Royal Palms, situated a stone's throw from Powai, at a price which is 'never before' and probably, 'never again'. The present scenario where the economy reflects the feel good factor, makes it a deal too good to miss.

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