FUEGO: A Residential Project in Mumbai’s Heart
FUEGO, a residential project situated in the heart of Mumbai City, promises a unique living experience with its convenient location and comprehensive amenities. This ongoing project, registered with MahaRERA under ID P51900009939, has experienced some delays in its completion timeline. Initially scheduled for completion in June 2016, the revised date of completion is now December 2024. This delay is attributed to ongoing legal disputes, a common challenge faced by many real estate projects in India.
Despite the legal complications, FUEGO boasts an impressive scope. Developed by HILTON INFRASTRUCTURE, a partnership firm based in Mumbai, the project occupies a prime plot of land spanning 4245 sq mts (CS NO 207 1/207 208). Situated in a central location, the project is bordered by Shuklajistreet to the east, CS NO 201 202 to the west, CS NO 209 to the north, and CS NO 206 to the south. The strategic location offers residents easy access to vital amenities and major transportation hubs.
FUEGO’s design encompasses three buildings, all sanctioned and currently under construction, with a total sanctioned FSI of 15936 sq mts. The project also includes an impressive 313 sq mts of recreational open space, ensuring residents enjoy a balanced lifestyle. The project comprises a diverse range of units, catering to various needs and preferences. These include 65 1BHK units ranging from 334 to 428 sq ft, 141 2BHK units ranging from 587 to 831 sq ft, and 14 other units with a 499 sq ft area.
The project boasts a robust infrastructure with 6 basements, 3 plinths, 4 podiums, and 46 sanctioned floors. The stilt parking area accommodates 190 vehicles, ensuring convenient parking for residents. The project’s construction is underway, with ICICI Bank serving as the project’s financial partner.
While the ongoing legal issues pose challenges, FUEGO remains a promising project with potential for lucrative returns. Potential investors and homebuyers should conduct thorough due diligence and understand the risks associated with the legal complications before making any decisions. However, the project’s location, amenities, and diverse unit options make it an attractive option for those seeking a comfortable and well-connected living space in Mumbai.