Malaga

Malaga is a project located in Panvel, its ahead of the Hiranandani Fortune City, Panvel. It has 1, 2 and 3 BHK apartments. Malaga is designed by Mr.Hafeez Contractor one of the leading architects of India today. Bollywood Actress Shilpa Shetty is one of the Directors in the Company and is very passionate about the project. Malaga will be offered in 2 schemes, one being the normal construction linked plan and other one being the 1, 2 and 3 scheme. This means, you pay only 1 Lac plus Stamp Duty and Registration for a 1 BHK and pay rest on possession and similarly 2 Lacs for 2 BHK and 3 Lacs for 3 BHK. This scheme is approved by HDFC Bank and the possession of this project is likely to be in 18 to 24 months. The subvention scheme is for 18 months or so, which means by the time the building is ready, you only pay the minimum amount and near to possession you have to start the payouts. In the next few years, Panvel as a location will get a good residential boost due to the Affordable Housing policy and the infrastructure status given to affordable housing.