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Bhoomi Celestia - Malad West, Mumbai

Builder
Bhoomi Group
Construction
New Launch
Completion
Dec, 2013
Properties
Apartments

Description

Residential Apartments

Bhoomi Group: Today, there are number of prestigious projects comprising of commercial buildings and residential apartments successfully completed under the banner of Bhoomi Group. There are many satisfied flat owners who are enjoying the privileges of affordable homes constructed by Bhoomi Group.This is possible only because of the strategy that we have followed for developing all our prestigious projects. This strategy is followed by us in every phase of developing our projects, right from selecting the site, planning / designing and executing the project.

Bhoomi Celestia is one of the popular Residential Developments in Malad West neighborhood of Mumbai. It is among the Ongoing Projects of Bhoomi Group. The landscape is beautiful with spacious Houses.It offers luxurious 3 & 4 BHK flats & duplex apartments at Bhoomi Celestia, Malad West-clubhouse with gymnasium, swimming pool, squash court, rejuvenating spa & meditation hall, lush landscaped garden.

Location Adavntages:
  • Near Fire Brigade
  • Next to Jankalyan Nagar, Marve Road
  • Restaurants: Blue Heaven Kh 1km
  • Coffee:Barista 9km
  • Shopping: Mitesh Medical & General Store 2km
  • Schools:Saint Jude's School 1km
  • Parks: Prime machine co. Pvt Ltd. 20km
Lifestyle Amenities:
  • Security
  • Servant Room
  • Rain Water Harvesting
  • Power Backup
  • Playground
  • Piped gas
  • Maintenance Staff
  • Lifts
  • Jogging Tracks
  • Jacuzzi
  • Italian Marble
  • Gym
  • Fire Alarm
  • Entrance Lobby
  • Elevators
  • Earthquake Resistant
  • Dry Yard In Bathroom
  • Concealed Wiring
  • Concealed Plumbing
  • Club House
  • CCTV/Intercom
  • Cable/Satellite TV
  • Balcony
  • Amphitheater

Highlights

  • Power Back-up
  • Visitor Parking
  • Maintenance Staff
  • Water Supply / Storage
  • Rain Water Harvesting
  • Waste Disposal
  • Lifts
  • Security Guards
  • Electronic Security
  • Balcony
  • Private Garden
  • Reserved Parking
  • Corner Location
  • Woodwork
  • Modular Kitchen
  • Feng Shui / Vaastu Compliant
  • Servant Quarter
  • Swimming Pool
  • Park
  • Fitness Centre / GYM
  • Club / Community Center
  • Clear Title
  • Freehold Land
  • Plot Boundary Wall
  • Society Boundary Wall
  • Corner Plot
  • Feng Shui / Vaastu Compliant
  • Club / Community Center
  • Adjacent to Main Road
  • Water Connection
  • Electric Connection
  • Close to Hospital
  • Close to School
  • Close to Shopping Center/Mall

Configurations

Type Area Possession Price *
1BHK Apartment420 SqFeetWithin 1 Year₹ 1.09 crore
2BHK Apartment725 SqFeetWithin 1 Year₹ 1.9 crore
3BHK Apartment873 SqFeetWithin 1 Year₹ 2.27 crores
4BHK Apartment1,647 SqFeetWithin 1 Year₹ 4.23 crores
* Data has been collected from publicly available sources and may not be up to date.

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News

ITAT Mumbai Allows Project Completion Method for Bhoomi Celestia

Tax Guru · · Regulatory

Income Tax Appellate Tribunal upheld project completion method for Bhoomi Celestia and deleted Rs 29.47 crore Tower B profit addition, plus CSR and GST interest disallowances.

Key facts

ITAT Mumbai considered Revenue's appeal against CIT(A) order for Assessment Year 2022-23 regarding Sashwat Construwell Pvt. Ltd., a real-estate developer undertaking Bhoomi Celestia residential project at Malad West, Mumbai.

Project details: Three towers (A, A1, B) under MoU with American Springs and Pressing Works Pvt. Ltd. (landowner). Assessee entitled to 49% saleable area, landowner 51%. Consolidated Commencement Certificate issued 06.07.2010; construction actually commenced FY 2016-17 due to regulatory delays. Tower B completed with Occupancy Certificate issued December 2021.

Assessee applied project completion method, treating all three towers as one integrated project.

Assessing Officer's disallowances for AY 2022-23:

  • CSR donation: Rs 6,65,000
  • Interest on delayed GST/MVAT payment: Rs 3,64,470
  • Tower B profit addition: Rs 29,46,82,835

Tribunal findings:

  • CSR: Although not allowable under Section 37(1) as business expenditure, qualifying CSR donation may be deducted under Section 80G if statutory conditions satisfied.
  • GST/MVAT interest: Compensatory not penal, does not fall within Explanation 1 to Section 37(1).
  • Tower B profit: Consolidated commencement certificate, common amenities, single cost centre, common project structure, and consistent project completion method justify treating as single project. Relied on DLF Universal Ltd. principles. Completion of one tower does not require artificial profit recognition when entire development is single project and income subsequently offered to tax.

Revenue's appeal dismissed. CIT(A)'s deletions upheld.

Mumbai ITAT upholds project completion method for Bhoomi Celestia

Tax Guru · · Regulatory

Mumbai ITAT rejected wing-wise taxation and upheld the project completion method for integrated Bhoomi Celestia project, deleting a ₹7.86 crore addition.

Key facts

Sashwat Construwell Private Limited, a real estate builder and developer, undertook Bhoomi Celestia project at Malad West, Mumbai. The project consisted of three wings: A, A1, and B. Under a development arrangement with American Springs and Pressings Works Private Limited, Sashwat was entitled to a specified share in the project's saleable area. Wing B received its Occupancy Certificate in December 2021, and the assessee sold part of its share in Wing B during the year. The Income Tax Appellate Tribunal (ITAT) Mumbai held that where different wings of a real estate development constitute one integrated project and the assessee has consistently followed the Project Completion Method, profit from one wing cannot be independently brought to tax merely because that wing has received the Occupancy Certificate and units have been sold. The Tribunal upheld deletion of an ₹7.86 crore addition, following its decision in the assessee's own case for the preceding year.

News items are reports published elsewhere, condensed; follow the link for the full report. PropertyWala.com is not their source.

Location

Bhoomi Celestia, Malad West, Mumbai - 400064 (Maharashtra)

* Location may be approximate

Landmarks

  • Transportation

    • Airport Authority Area (<13km)
    • Airport International Hotel (<15km)
    • A-13 New Airport Colony (<15km)
    • Airport Colony West Quarters (<16km)
    • Airport Colony (<16km)
    • Community Centre New Airport Colony Vile Parle East Mumbai 99 (<16km)
    • Elevated Access Road To Sahar I.Airport (<16km)
    • Juhu Airport (<16km)
    • Airport Colony Hospital (<16km)
    • Airport High School And College (<16km)
    • Vlink Taxis Pvt Ltd (<3km)
    • Santa Cruz Railway Station (<4km)
    • Malad Railway Station Entrance 1 (<5km)
    • Malad Railway Station (<5km)
    • Malad Railway Station Entrance 2 (<5km)
    • Ticket Window Kandiwali Railway Station (<5km)
    • Kandivli Railway Station (<5km)
    • Kandivali Railway Station (<6km)
    • Kandivali Station Railway Track (<6km)
    • Malvani (<1km)
    • Farseena Abdul Rehman (Kandoth). Gate No 7. Malad Malvani (<2km)
    • Malvani Sonapur/Charkop Naka Bus Stop (<2km)
    • Malwani Bus Stop (<2km)
    • Gaikwad Nagar Bus Station (<3km)
    • Gaykwad Bus Sthanapak (<3km)
    • Bus Depot (<3km)
    • Malvani Best Bus Depot (<3km)
    • Shayadri Nagar Bus Stop (<3km)
    • Chincholi Bunder Bus Depot (<4km)
  • Markets & Shopping Malls

    • La Care Mall (<2km)
    • Lacera Mall (<2km)
    • Dhamani Mall (<3km)
    • Int Mall (<3km)
    • Upcoming J.P Mall (By- J.P.Developers) (<4km)
    • Evershine Mall (Under Construction) (<4km)
    • Xth Shopping Mall By Kuldeep Daftary (<5km)
    • Inorbit Mall (<5km)
    • In Orbit Mall (<5km)
    • Skycourt Upcoming Mall (<5km)
    • Ville Parle Shopping Centre (<2km)
    • Kandivali Retailer Market (<3km)
    • Edropp Online Shopping Auction (<3km)
    • Boby Shopping Complex (<4km)
    • Bobby Shopping Center (<4km)
    • Spensors Daily Shopping Centre (<4km)
    • Samruddhi Commercial Complex (<4km)
    • Ins Shopping Complex (<4km)
    • Sunder Shopping Center (<4km)
    • Vijay Nagari Shopping Complex (<4km)
  • Banks & ATMs

    • Abhyuday Cooperative Bank Ltd (<1km)
    • Abhyuday Co-Operative Bank Ltd Atm (<1km)
    • Music Bank (<1km)
    • Jan Kalyan Sahakari Bank Ltd (<1km)
    • Saurashtra Bank (<1km)
    • The Mahanagar Co-Operative Bank Ltd (<2km)
    • Shivam Apartment (<3km)
    • Vikas Park A B C D Obc Bank (<3km)
    • New India Coop Bank (<3km)
    • Bhartiya State Bank Csbd (<3km)
    • Icici Atm (<3km)
    • Indian Overseas Bank Atm (<3km)
    • State Bank Of India Atm (<3km)
    • Canara Bank Atm (<3km)
    • Development Credit Bank Atm (<3km)
    • Hsbc Atm (<3km)
    • Bank Of Baroda Atm (<3km)
    • Maha Laxmi Chamber And Union Bank Of India Atm (<3km)
    • Hdfc Atm (<4km)
  • Hotels & Guest Houses

    • Anil Thakur Guest House (<5km)
    • Naveen Visava Government Guest House (<6km)
    • Bageecha Hotel (<1km)
    • Hotel Divya Bar And Restaurant (<2km)
    • Hotel Sai Krupa (<2km)
    • Ganesh Hotel (<2km)
    • Ganesh Hotel (<3km)
    • Appee Bhawan Hotel (<3km)
    • Ram Vijay Hindu Hotel (<3km)
    • Priyanka And Hotel (<3km)
    • Speher Hotel (<3km)
    • Gaurav Hotel (<3km)
  • Restaurants & Clubs

    • Sapna Restaurant (<1km)
    • Blue Heaven Bar And Restaurant (<1km)
    • Yogita Family Restaurant (<1km)
    • Sadhanas A Family Restaurant And Bar (<1km)
    • Jurassic Park Restaurant (<1km)
    • Bageecha Restaurant (<2km)
    • Hotel Divya Bar And Restaurant (<2km)
    • Hotel Sai Krupa (<2km)
    • Zam Zam Restaurant (<2km)
    • Milan Restaurant (<2km)
    • Pragati Sports Club (<2km)
    • Vangalli Cricket Club Maidan (<2km)
    • Vata Boys Club (<3km)
    • Evergreen Cricket Club (<3km)
    • Jbc (Joe Braz Colony) (Joker Boys Club) (<3km)
    • Ins Hamla Sailors Club (<3km)
    • Cardinal Gracious Youth Club (<3km)
    • Ins Hamla Sailing Club (<4km)
    • Goregaon Sports Club (<4km)
    • Muvie Club (<4km)
  • Movie Halls

    • Savera Cinema (<1km)
    • Savera Cinema Theatre (<1km)
    • Sheetal Cinema (<3km)
    • Mayur Cinema (<4km)
    • Mayur Cinema (<5km)
    • Milap Cinema (<5km)
    • Lodo Cinema (<5km)
    • Bharatmata Cinema (<5km)
    • New Era Cinema Hall (<5km)
  • Parks

    • Kalpana Park (<1km)
    • Divya Park (<1km)
    • Jurassic Park Restaurant (<1km)
    • Jurassic Park (<1km)
    • A1 (<1km)
    • Bhoomi Park- Phase Ii Fwing P Veneeth (<1km)
    • Bhoomi Park (<2km)
    • High Land Park (<2km)
  • Hospitals & Clinics

    • Bhakare Clinic (<1km)
    • Lotus Eye Hospital (<1km)
    • Chandni Clinic (<2km)
    • Dr Anuradha Clinic (<2km)
    • B M C Clinic (<2km)
    • Mahavir Clinic (<2km)
    • Padmavati Clinic Dr. D. Kumar - B. I. A. M. S. (<2km)
    • Omkar Clinic Dr.Powar (<3km)
    • Dr. Sarath Varmas Dental Clinic (<3km)
    • Dr. Vinayak Patkars Neel Homoeopathic Clinic (<3km)
    • Anuradha Hospital (<1km)
    • Arushee Childcare Hospital (<1km)
    • Mangal Murti Hospital (<1km)
    • Sumangal Hospital (<2km)
    • Hospital (<2km)
    • Mailana Hospital (<2km)
    • B C J Hospital Asha Parekh Hospital (<2km)
    • Ent Hospital (<3km)
  • Schools & Colleges

    • Saint Judes School (<1km)
    • St. Judes High School (<1km)
    • St Josheph School (<1km)
    • Karan Motordriving School (<1km)
    • Daulat High School (<1km)
    • Malwani Secondary School (<1km)
    • Sen Anthoni High School (<1km)
    • Bmc School (<1km)
    • Municipal Primary School (<1km)
    • Vidya Niketan High School (<1km)
    • Bmc College (<1km)
    • Atharva College Of Engineering (<2km)
    • Atharva College Of Fashion And Arts (<2km)
    • Atharva College Of Engg (<2km)
    • Panchsheel Junior College (<2km)
    • College Pem (<3km)
    • Dr Ambedkar College Teacher Cooperative Housing Society (<3km)
    • Dr. Ambedkars College (<3km)
    • St Annes High School And College (<3km)
    • Kgm College (<4km)
  • Offices

    • Excise Office (<1km)
    • Post Office (<1km)
    • Fire Station (<1km)
    • Kharodi Post Office (<1km)
    • Merchants Office (<1km)
    • Custom Office (<2km)
    • Tanzeem-E-Walidains Office (<2km)
    • Remsons Industries Limited Mumbai Corporate Office (<2km)
    • M H B Office Abandon (<2km)
    • Electricity Complaint Office (<2km)
Project ID
J435771190
Updated
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