Grace Grandeur: A Residential Project in Andheri, Mumbai
This essay introduces “Grace Grandeur,” a residential project located in Andheri, Mumbai, registered under RERA ID: P51800010438. Developed by GRACE ESTATE DEVELOPMENT VENTURE, a proprietorship firm led by Parvez Suleman Lakdawala, the project has experienced several delays, with its initial proposed completion date of December 31, 2015, revised to December 30, 2020, and further extended to April 1, 2024. The project is currently facing legal challenges, adding to the existing complexities.
Despite the setbacks, Grace Grandeur occupies a prime location in Andheri, spanning a plot area of 2428 sq. meters (Plot Bearing No. 826/827). It is situated within a residential neighborhood bordered by buildings and an internal road. The project boasts a single building with 15 sanctioned floors, including a stilt floor and two podium levels. With a total sanctioned FSI of 2428, the project currently offers 70 closed parking spaces.
The project’s developer, GRACE ESTATE DEVELOPMENT VENTURE, is based in Bandra West, Mumbai. While the project details highlight the presence of certain amenities, further information is needed to provide a comprehensive understanding of the project’s offerings.
While the project has faced significant challenges, its prime location and potential for comfortable living make it an appealing proposition for potential buyers. However, potential investors are urged to carefully consider the ongoing litigation and delays before making any investment decisions. Future updates on the project’s progress and legal status should be closely monitored to ensure informed decision-making.