Mahindra Happinest project has sold more than 100 homes online within a week of its launch
The affordable housing brand from Mahindra Lifespace Developers Ltd, Mahindra Happinest, has launched its second project in Palghar. It is Maharashtra’s newest district and an emerging residential locality. The company has invested around Rs 100 crore into the project.
Within just a week of launch over 100 Happinest Palghar homes have been sold online, the company claimed.
The project is located in the Mumbai Metropolitan Region (MMR). Besides that it offers value homes with an Energy Park with over 30 carefully selected outdoor activities. These outdoor parks are catering to all age groups.
Phase 1 of Happinest Palghar is in 3.94 acres and it has four ground plus four buildings with around 450 studio and 1BHK apartments. The size of the units is in between the range 157.48 sq. ft. to 390.51 sq. ft.
The price of homes in Happinest Palghar is Rs. 9.45 lakh onwards. It includes stamp duty, registration, GST and one-year’s maintenance charges. Buyers will get the benefit from a Multiplier Rebate Plan that offers additional price benefits on early bookings, the company told.
A studio apartment of size 157.48 sq.ft starts at 9.45 lakh, a 1BHK unit of 290.19 sq.ft starts at Rs 16.35 lakh. There is another 1 BHK configuration which an enclosed balcony of size 390.51 sq.ft. Its price has been offered at Rs 19.90 lakh.
Arvind Subramanian, MD and CEO, Mahindra Lifespace Developers Ltd said “For the first time in Indian real estate, the entire sales process is being concluded entirely online via a customised, mobile-first technology platform, without any face-to-face meetings or physical visits. The success of Happinest Palghar is a testament to growing end user demand for high-quality homes from trusted developers in planned communities that foster social and cultural interactions amidst healthy, natural surroundings,”.
Happinest Palghar homes are IGBC Green Homes certified. Furthermore all the construction materials for the project will be sourced within a 250 km radius. It reduces its carbon footprint by around 60%.
Happinest Palghar project is registered with the Maharashtra Real Estate Regulatory Authority. It also has all the qualifying criteria under the Pradhan Mantri Awas Yojana, hence the eligible customers can avail a loan interest subsidy.
