Overview of Pestom Sagar, Mumbai

Location and Accessibility

• Pestom Sagar, located in the heart of Mumbai’s Chembur area, is famed for its excellent connectivity and numerous amenities.
• This region is a stone's throw away from vital facilities such as schools like Modern English School and hospitals like Rane Hospital & Mumbai Heart Clinic.

Property Prices

• The real estate scene in Pestom Sagar Colony has surged. There’s been an uptick of 11.62% in property prices over the past year.
• You can expect prices starting around Rs. 10,800 per square foot, shooting up to an average of Rs. 19,664 per square foot.
• Resale flat prices range as follows:
  • 1 BHK flats: ₹1 Cr to ₹1.5 Cr with averages of ₹30,000 to ₹32,035 per square foot.
  • 2 BHK flats: ₹1.5 Cr, hitting roughly ₹25,000 per square foot.

Types of Properties Available

• A wide array of residential projects and apartment options exist. These include 1, 2, and 3 BHK flats.
• Oswal Heights by Oswal Realty features 1, 2, and 3 BHK apartments, with carpet areas ranging from 410 to 913 square feet.
• Rental flats start at ₹45,000, typically for properties aged between 5-10 years.

Amenities and Infrastructure

• Pestom Sagar is loaded with essential amenities like schools, hospitals, and other resident services.
• Projects such as Oswal Heights boast ready-to-move-in apartments including a plethora of on-site amenities.

Possession and Construction Status

• Some projects like Oswal Heights currently feature “Ready to Move” status as of May 2023, implying the properties are ready for immediate habitation.

PropertyWala's Conclusion

In summary, Pestom Sagar in Mumbai offers an exciting prospect in real estate. The area boasts increasing property prices and solid connectivity to key amenities. There’s a diverse range of residential choices, from 1 to 3 BHK apartments, including both for sale and rent. However, buyers should brace for the relatively elevated prices per square foot compared to other areas. Ready-to-move-in homes and the ongoing development ensure it remains a strong option for people looking to invest or live in a convenient and well-serviced locale.