The development works of the second phase of the Chadha Residency Project in India have officially been launched. The entire project sits on an area of 80 acres within Karav village, Vangani West, close to Badlapur. It features a total of 133 towers and it is worth Rs 200 crore investment.
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The residency includes 24hrs water supply, 24hrs backup electricity as well as security personnel alongside a lush, landscaped garden, play area, and lifts. Interestingly, the residency also includes rainwater harvesting.
The 1st and 2nd phases of the Chadha Residency Project in India
The first phase of the Chadha Residency Project in India was launched in April 2021, and it amassed a successful sale of 3000 flats. Thus, there are high expectations for the second phase, which includes a total number of 1,114 luxurious, one-bedroom (BHK) units, to generate an equal or better response. This is especially since the location and prices are more attractive.
The units will be available in a lottery for Rs 11,99,000. Currently, it has begun and will close on April 28, 2023. By 2024-25, the project’s realtor has assured possession of the homes to their respective owners.
The project team
The Chadha Residency Project in India results from a collaboration between the Maharashtra Housing and Area Development and Chandha Developers & Promoters (CDP).
Chadha Developers & Promoters are a leading player in Mumbai’s real estate industry. In a nutshell, the firm strives to build each home with great focus as well as priority on useful detailing, quality, and value for money.
While commenting on the project the MD of Chadha Residency said that the success of the first phase gave the firm confidence to keep providing affordable housing especially, to the people of Maharashtra. Dimple Chadha further said that the project is honored to be a part of the Pradhan Mantri Awaas Yojna (PMAY) scheme.
In addition, he said the project will contribute to the Indian Government’s vision of ‘Housing for All’ by 2024-25.
