Project Review: Sunteck City

If this would have been a Bollywood movie, it would have been an instant hit! It has everything, its got the pricing right, the location right, right brands (partners), product configuration. But this is not a reel movie it’s a real case scenario, the product in discussion here is Sunteck City. An under construction mini townshio project which promises to change the outlook & skyline of Goregaon west. The question in contention here is, should you invest here or not?

Quick Fact Check

• Swimming pool with kid’s pool
• State of the art Gymnasium & Health Club
• Exquisite Landscaped Garden with Children’s play area
• Basketball & Badminton Court
• Specialty Coffee Lounge
• Launderette
• Cutting edge security systems

Location

If you have visited the site from SV Road you will note it is in midst of industrial area and close to the slum zone. The road leading to the project is so small that 2 cars find it difficult to pass through. The builders claim as part of MMRDA plans that area has been considered as Oshiwara CBD and plan to develop like BKC.No doubt the location is upcoming, close to the SV Road & an almost ready Osshiwara station. With the proposed 10 minute connectivity to Western Express Highway things will only get better. Premium projects of other builders like Kalpataru, Lodha, Ekta in the vicinity are currently priced much higher which is a major advantage for Sunteck. 

Plans

The idea is to create a mini township with a huge land parcel of 23 acres. They are launching the project in a phase wise manner. Though the complex is supposed to be self sufficient, it would be only fair to judge the same once the entire master plan is shared by the developer. 

I would like to start with the bedrooms, a master bedroom of size 12.8 * 10 sqft & second bedroom of size 8 * 9 sqft. is small; if you try to slot in a 6 * 6 ft bed, and a 2 ft wardrobe you will realize that there would be virtually no space to walk around in your bedrooms. Moving to the living space; an area approx. 150 sqft. would mean you can either have a lavish living room or a nice dining space, but not both. 

What do we like

• Connectivity and future infrastructure leading to price appreciation
• Amenities
• Construction Partner is L&T (makes up for the lack of construction experience)

What we dont like

• Presence of industrial area and slums around the project
• Current access road
• Room sizes

Final verdict

The area will develop if you have a horizon of 4 to 5 years this might be a good bet. If you can wait a but and see construction reach a certain level and then enter the market it would be ideal.