Bhiva Tower: A New Residential Project in Navi Mumbai
Bhiva Tower, a new residential project located in Taloje Majkur, Navi Mumbai, is poised to redefine urban living. Developed by Yash Developers, a HUF (Hindu Undivided Family), this project is currently under construction with a proposed completion date of April 30th, 2025. However, it is important to note that the project has been flagged with legal concerns and is currently facing litigations.
Spanning a total plot area of 3748 sq. meters, Bhiva Tower is set to rise as a single building with 22 sanctioned floors, including a stilt floor. The project boasts a wide range of unit options, catering to diverse needs and budgets. These include 175 units of 1BHK apartments ranging from 364 to 380 sq. ft., 62 units of 2BHK apartments ranging from 504 to 594 sq. ft., and 18 commercial shops ranging from 400 to 4299 sq. ft. The project also features 232 closed parking spaces, offering convenience for residents and visitors.
While the project has secured a sanctioned FSI of 1161, resulting in a sanctioned built-up area of 1161 sq. meters, the proposed built-up area as per the initial FSI stands at 4461 sq. meters. The permissible total FSI for the plot is 5622, indicating potential for future expansion.
Strategically located in Sector 17, Taloje Majkur, Bhiva Tower offers residents a prime location with easy access to Navi Mumbai’s amenities. The project sits in close proximity to a Metro Station and a 20-meter wide road, ensuring excellent connectivity. Its boundaries are defined by Plot 40A and 67 to 72 to the east, Plot 65 to the west, Plot 41 to 53 to the north, and Metro Station No 11 and the road to the south.
Despite the legal challenges, Bhiva Tower presents a unique opportunity for investors and homebuyers seeking a well-located residential option in the burgeoning area of Taloje Majkur. However, potential buyers are advised to conduct thorough due diligence and consult legal counsel to understand the full implications of the ongoing litigations before making any investment decisions.