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63 Elegance
Chembur, Mumbai, Maharashtra
SIDDHARTH DEVELOPERS
63 ELEGANCE is a premier residential project located in the heart of Chembur, Mumbai Suburban. This project is designed to offer a blend of modern living and comfort, featuring meticulously crafted 2 BHK and 3 BHK apartments. The project spans over 2.5 acres and comprises a total of 180 residential units, ensuring a vibrant community atmosphere.
The apartments are designed with spacious layouts and contemporary finishes, providing residents with a luxurious living experience. The project emphasizes sustainability and modern infrastructure, ensuring that residents enjoy a comfortable and eco-friendly lifestyle.
Key amenities include landscaped gardens, recreational areas, and essential facilities that cater to the needs of families. The location is strategically chosen for its proximity to major highways, schools, hospitals, and shopping centers, making it an ideal choice for urban living.
Investing in 63 ELEGANCE not only promises a luxurious lifestyle but also offers great potential for appreciation in property value, given its prime location and quality construction.
What is 63 ELEGANCE?
63 ELEGANCE is a residential project located in Chembur, Mumbai Suburban, offering 2 BHK and 3 BHK apartments.
What is the size range of the apartments?
The apartments range from 123 to 123 Sq.mtrs in size.
What are the nearby amenities?
The project is close to major highways, schools, hospitals, and shopping centers.
Is this a good investment opportunity?
Yes, the project is located in a prime area with potential for appreciation in property value.
Basic Information
- Price Range:
- Property Type: Residential Plot
- Flat Type: 2 BHK, 3 BHK
- Project Status: Under Construction
Project Details
- Possession Date: Quarter 2 2025
- Project Span: 2.5 Acres
- No of Towers: 4
- Total No of Units: 180
- Total Floors: 20
- Project Density:
Location & Builder
- Project Name: 63 Elegance
- Address: Chembur, Mumbai Suburban, Mumbai, Maharashtra
- Sector: Others
- Locality: Chembur
- City: Mumbai, Maharashtra
- Builder: SIDDHARTH DEVELOPERS
RERA Authority
Maharashtra Real Estate Regulatory Authority
RERA Registration Number
P51800009011
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SIDDHARTH DEVELOPERS
- No of Complaints: Not Available
- States (Active in): Gujarat
Introduction
In the world of real estate, choosing the right builder is a crucial step in ensuring that your investment is secure and your dream home becomes a reality. Today, we analyze SIDDHARTH DEVELOPERS, a builder with activity primarily in Gujarat. With a handful of legal cases reported, we dive into their performance and the implications for potential homebuyers.
Overview of SIDDHARTH DEVELOPERS
SIDDHARTH DEVELOPERS is primarily active in the state of Gujarat. Despite having only a few complaints registered against them, the outcomes of these cases merit attention from prospective buyers.
Legal Case Analysis
Cases Lost
- Case Summary: The appellant claimed that SIDDHARTH DEVELOPERS failed to submit the annual audit report (Form-5) for the financial year 2018-19. While the builder argued that the non-submission was due to a technical fault, the authority ultimately exempted them from penal action but mandated the submission of the report.
- Pattern/Observation: This case highlights potential administrative shortcomings within the firm, particularly in compliance with regulatory requirements. Such instances can lead to increased scrutiny and can affect the builder's reputation if similar patterns of oversight emerge in the future.
Cases Won
- Case Summary: In this instance, no claims were made against SIDDHARTH DEVELOPERS, but the authority did levy penalties on the promoters for failing to file final reports concerning project completion. The penalties ranged from ₹30,000 to ₹4,00,000.
- Pattern/Observation: The outcome indicates that while the firm may not have faced direct allegations, it has been implicated in regulatory failures. The decision to impose penalties reflects the importance of adherence to reporting standards and illustrates a level of scrutiny from authorities.
Overall Assessment
Based on the legal data available, SIDDHARTH DEVELOPERS presents a mixed track record. The builder has faced compliance-related challenges that resulted in both lost and won cases. While they managed to avoid severe penalties in their lost case, the need for adherence to regulatory requirements … Read more
