Peninsula Celestia Spaces: Review

Overview

Peninsula land, a part of Ashok Piramal group, launched its long awaited project Celestia Spaces in Sewri in collaboration with Bhattad group. The project is very close to the other landmark project Ashok Gardens and is spread over a plot of 18 acres. It promises to be another substantial addition to Mumbai’s ever expanding skyline and another luxury project on the eastern side of Mumbai.

Peninsula land, a part of Ashok Piramal group, launched its long awaited project Celestia Spaces in Sewri in collaboration with Bhattad group. The project is very close to the other landmark project Ashok Gardens and is spread over a plot of 18 acres. It promises to be another substantial addition to Mumbai’s ever expanding skyline and another luxury project on the eastern side of Mumbai.

Product Snapshot

Celestia Spaces comprises of two towers, offering a mix of 2 BHK, 3 BHK and 3 BHK Majestic apartments designed as per international standards. The complex is spread over 5.50 acres of which 60% has been assigned for recreational activities, clubhouse, lush landscaped gardens, and a multi-level car park

• Two Sky high Towers offering panoramic views of the harbour, sea and city
• Multiple levels of covered car parking
• More than 60% of the plot area allocated for recreational activities along with roads, paved walkways and jogging track
• Extensive landscaped gardens and children's play areas at height of 70 feet approximately
• Ample car parking space
• Automated car recognition for controlled access to residents' parking area
• 4 Apartments per floor 

Location

The location is very good, right behind Ashok Gardens and is in a quiet area of Sewri. Being part, of undiscovered Mumbai, it is ideal for working professionals who want to live near the commercial centres of South Mumbai and BKC. The plot is also apparently freehold and is quite large. The main feature is the unobstructed harbour and western views which the apartments will offer. The lack of any major tower for a few kilometres on the front side will also add to the icing on the cake.

Given the prospect of development of the Sewri Nhava Sheva Mumbai Trans Harbour Link, Phase 2 of Monorail (with close proximity of Bhakti Park Station) and redevelopment of MBPT, the project should command significant premium in the coming months. I can imagine price appreciations similar to escalations in the landmark Ashok Gardens (which incidentally shares a common wall).

Plans

The current phase of the project will be spread over an area of 5 acres of the overall area of 18 acres. It consists of two towers overlooking club house with green amenity space between them. The plot shape for the current phase is relatively square with 2 adjacent roads which go well for the master plan.  The project boasts of a lot of amenities which shoule be in line with the other marquee developments like Ashok Towers and Ashok Gardens by the developer.

Floor Plans

The project consists of 2 and 3 bedroom apartments. Let's look at the floor plans for detailed understanding.

Overall, Peninsula has come out with decently sized apartments which go with the premium attached to the location. Although the sizes of master bedrooms in the apartment is good, the other bedroom is relatively smaller to our liking for a luxury development. There is a space about 40 square feet in the foyer which could have been used more productively. Except this the two bedroom floor plan is relatively efficient and there is a provision for common toilet and a common sink as well which should come in handy if you ever have to entertain guests.

The three bedroom plan boast of very decently size bedrooms, kitchen and toilets. They have huge living and dining area as well. There is a separate maid’s room as well which is accessible from the utility area. The only problem that we have with the floor plan is the fact that there are no common bathrooms. All are attached to respective bedrooms which should not be a big issue in case one of the bedrooms is converted to a guest room.

What do we like

• Good location
• Excellent view
• Good delivery record of the developer
• Free-hold land
• Future appreciation potential
• Decently sized open spaces
• Future infrastructure potential
• Excellent amenities
• Views

What we dont like

• Presence of slums around the area
• Present access road 

Final verdict

If the past record of Peninsula Land is anything to go by, this project should be one of the landmarks in the vicinity. Usually there launches are done only after all permissions are in place, so our suggestion will be to seriously consider the option if you are looking for a spacious and luxury apartment in heart of Mumbai.