Luxury Apartments in Chembur & Thane, Mumbai by Shree Krishna Group

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Read most frequent questions

General Questions

Who is Shree Krishna Group?

Shree Krishna Group (SKG) is a leading luxury real estate developer based in Chembur, Mumbai. Over two decades, SKG has delivered 25+ lakh sq ft of premium residential homes across Chembur and Mumbai, serving 5,000+ happy families. Our ongoing portfolio includes One Uttam, Mehr, Shree Vaani, Anupama, Chirantan, and Crest Avenue  –  all MahaRERA registered

Shree Krishna Group is headquartered in Chembur, Mumbai. Our site offices and project locations are in Chembur East and Chembur West  –  Mumbai’s most connected and rapidly appreciating residential suburb. You can reach us at +91-9167388999 or email info@shreekrishnagroup.com.

SKG builds premium and ultra-luxury residential apartments across a wide range of configurations  –  2 BHK, 3 BHK, 4 BHK, and 6 BHK  –  catering to families, professionals, HNIs, and NRI investors. Our projects range from boutique deck apartment buildings to large-scale gated townships, all designed with world-class amenities and MahaRERA compliance.

Shree Krishna Group has delivered over 25 lakh sq ft of premium residential real estate across Chembur, Mumbai, serving 5,000+ families. Our completed projects reflect our commitment to quality construction, on-time delivery, and long-term community value.

You can reach us through any of the following channels:

📞 Call / WhatsApp: +91-9167388999

📧 Email: info@shreekrishnagroup.com

🌐 Website: shreekrishnagroup.com/contact-us/

🏢 Site Office: Sethna Manor, 6th Road, Chembur, Mumbai – 400071

🕐 Available: Monday to Sunday, 10 AM – 7 PM

Absolutely. Site visits are available 7 days a week at all ongoing SKG projects in Chembur and at Crest Avenue in Thane. To book a visit, call +91-9167388999, WhatsApp us, or fill the enquiry form at shreekrishnagroup.com/contact-us/. For NRI buyers based abroad, we can arrange virtual tours on request.

Yes. While SKG specialises in the premium and luxury segment, our sales team is experienced in guiding first-time buyers through every stage of the process  –  from choosing the right configuration and floor plan to understanding home loans, legal documentation, and the registration process. Our 2 BHK options at Shree Vaani and One Uttam are excellent entry points into luxury homeownership in Chembur.

Buying a Home in Mumbai

Why should I invest in Mumbai real estate in 2026?

Mumbai remains India’s most resilient and dynamic real estate market. Key reasons to invest in 2026:

  • Over 1.5 lakh property registrations were recorded in Mumbai during 2025, the highest annual total in the last 14 years
  • Strong economic fundamentals: headquarters of India’s top financial, entertainment, and tech companies
  • Infrastructure push –  Metro expansion, Eastern Freeway, coastal road  –  driving long-term value
  • Limited land supply in premium suburbs creates natural price appreciation

Chembur is among Mumbai’s top-performing residential suburbs for both end-users and investors. It offers a rare combination of green neighbourhoods, premium social infrastructure, and strategic connectivity  –  all at a lower price point than BKC or South Mumbai. Key advantages:

  • 15 minutes to BKC via SCLR
  • 20–25 minutes to Mumbai Airport
  • Direct Eastern Freeway access to South Mumbai and Navi Mumbai
  • Annual price appreciation of 5–8% since 2019
  • Average rates at ₹31,150 per sq ft as of 2025
  • Premium gated communities and luxury builders –  without the density of central Mumbai

Choosing your configuration depends on your family size, budget, and long-term goals. As a general guide:

  • 2 BHK: Best for couples, young professionals, or investors seeking rental income. Smaller ticket size with strong rental demand.
  • 3 BHK: Ideal for families of 3–4. Most popular configuration in Chembur for end-users.
  • 4 BHK: Best for larger families, joint families, or those upgrading from a 3 BHK. Higher capital appreciation potential.
  • 6 BHK: Ultra-luxury option for HNI families or those seeking a statement home. One Uttam is the only gated community in Chembur offering 6 BHK.

Ready-to-Move (RTM) Flat: The project is complete and the Occupancy Certificate (OC) has been received. You can move in immediately. No GST applicable (after OC). Higher price compared to under-construction.

Under-Construction Flat: The project is being built. Price is lower than RTM (typically 10–20% cheaper). GST of 5% is applicable. Payment is linked to construction milestones. Buyers benefit from price appreciation during the construction period.

SKG’s current projects  –  One Uttam, Mehr, Shree Vaani, Anupama, Chirantan, and Crest Avenue  –  are under construction with possession expected between 2027 and 2028.

When buying a property in Mumbai, budget for the following additional costs beyond the base price:

  • Stamp Duty: 5–6% of property value (depending on buyer’s gender)
  • Registration Fee: 1% of property value (capped at ₹30,000)
  • GST: 5% on under-construction properties (not applicable after OC)
  • Floor Rise / Preferred Location Charges (PLC): Varies by floor and view
  • Parking Charges: Typically ₹5–15 lakh for a car parking slot
  • Society Formation Charges and Maintenance Deposit

Advocate / Legal Fee: ₹10,000–25,000 for agreement review

Carpet Area is the actual usable floor space within your apartment  –  the area you can literally ‘carpet’. Under MahaRERA, all developers in Maharashtra must quote and sell apartments based on RERA Carpet Area, which includes the area covered by internal partition walls but excludes external walls, common areas, and open terraces.

RERA Carpet Area is approximately 5% more than traditional carpet area. All SKG projects quote sizes in RERA Carpet Area as mandated by MahaRERA.

A gated community is a self-contained residential complex with controlled entry, perimeter security, and shared premium amenities  –  completely separated from the public road. Benefits include:

  • Enhanced safety: controlled access with security personnel and CCTV surveillance
  • Exclusive amenities: swimming pool, gym, pet park, gardens –  maintained within the community
  • Better resale value: gated communities command a 15–25% premium over standalone buildings
  • Community living: safe, social environment ideal for families with children
  • One Uttam by SKG is Chembur’s premium 3.5-acre gated township –  the largest of its kind in the micro-market

Yes  –  Chembur offers significant value compared to BKC and South Mumbai for the same quality of luxury living. Average property rates (2025): Chembur ₹31,150/sqft vs BKC ₹55,000–70,000/sqft vs South Mumbai ₹60,000–1,00,000+/sqft. With SKG’s projects in Chembur, buyers get ultra-luxury specifications, gated communities, and premium amenities at roughly 40–50% of the price of equivalent BKC or South Mumbai apartments  –  with the same connectivity advantage via SCLR and Eastern Freeway.

Luxury flat prices in Chembur (2025) vary by configuration and developer. For SKG projects:

  • 2 BHK: Please contact our sales team for current pricing
  • 3 BHK: Please contact our sales team for current pricing
  • 4 BHK (Mehr –  2134 sqft): Please contact our sales team for current pricing
  • 6 BHK (One Uttam): Please contact our sales team for current pricing

Chembur’s average rate is ₹31,150 per sq ft as of 2025. Contact us at +91-9167388999 for the latest pricing, floor-wise rates, and offers.

Chembur has excellent social infrastructure in close proximity to all SKG projects:

  • Schools: Ryan International School, St. Anthony’s High School, Holy Cross High School
  • Hospitals: Surana Hospital, KJ Somaiya Hospital, Apollo Spectra, Zen Multispeciality
  • Shopping: K Star Mall, Phoenix Marketcity Kurla, Cubic Mall Chembur
  • Recreation: Bombay Presidency Golf Club, Ambedkar Garden, Chembur Gymkhana
  • Dining: Fine dining, cafes and restaurants along Sion-Trombay Road and Chembur Main Road

Upon completing your purchase at SKG, you will receive the following key documents:

  • Registered Agreement for Sale (Sale Deed)
  • Allotment Letter
  • Possession Letter (at the time of handover)
  • Occupancy Certificate (OC) copy
  • Society Share Certificate (after society formation)
  • No-Objection Certificate (NOC) from lender if applicable
  • Property Tax transfer documents

All SKG projects are MahaRERA registered and can be verified directly on the Maharashtra government portal at maharera.mahaonline.gov.in. Enter the RERA number for any project to view the registered details, construction status, project approvals, and escrow account information. RERA numbers: One Uttam Plot A: PR1180002501996; One Uttam Plot B: PR1180002502124; Mehr: A051182501893. For other projects, contact our sales team.

NRI Property Investment

Can NRIs buy residential property in India?

Yes. Non-Resident Indians (NRIs) and Overseas Citizens of India (OCI cardholders) are fully entitled to purchase residential property in India under the Foreign Exchange Management Act (FEMA), 1999. No prior approval from the Reserve Bank of India (RBI) is required for purchasing residential or commercial property. The only restriction applies to agricultural land, farmhouses, and plantation properties.

No. NRIs and OCI cardholders do not require prior RBI approval to purchase residential property in India. The purchase must be conducted in Indian Rupees through normal banking channels or through NRI bank accounts (NRE, NRO, or FCNR accounts) as per FEMA and RBI regulations.

Chembur is one of Mumbai’s top investment destinations for NRIs. Key reasons to invest in SKG’s Chembur projects:

  • Strong capital appreciation: 5–8% per annum since 2019
  • Rental yields of 2.5–5% –  high demand from BKC and South Mumbai professionals
  • Full MahaRERA compliance ensuring legal protection and transparency
  • Infrastructure growth via Eastern Freeway, SCLR, and upcoming Metro Line 2B
  • 25+ lakh sq ft delivery track record and on-time possession history
  • Airport proximity –  approximately 20–25 minutes via SCLR
  • SKG’s sales team supports POA-assisted purchases for NRIs based abroad

Yes. NRIs can purchase property at any SKG project without being physically present in India by granting a Power of Attorney (POA) to a trusted representative  –  typically a family member or authorised agent  –  to execute the transaction on their behalf. SKG’s sales team has extensive experience assisting NRI buyers through POA-based purchases, including documentation, agreements, payment coordination, and property registration. Contact us at +91-9167388999.

NRIs can make payment for Indian property from the following account types:

  • NRE Account (Non-Resident External): Funds are freely repatriable. Tax-free interest in India.
  • NRO Account (Non-Resident Ordinary): Holds income earned in India (rent, dividends). Partially repatriable (up to USD 1 million per year).
  • FCNR Account (Foreign Currency Non-Resident): Fixed deposits in foreign currency. Fully repatriable.

Foreign Inward Remittance: Direct wire transfers from an overseas bank account to the developer’s account.

NRI buyers purchasing property at SKG need the following documents:

  • Valid Indian Passport or OCI Card (mandatory)
  • PAN Card (mandatory for property registration)
  • Aadhaar Card or overseas address proof
  • NRE / NRO Bank Account details
  • Overseas employment/income proof (for home loan)
  • Passport-sized photographs
  • Power of Attorney (notarised and apostilled) if purchasing remotely

FEMA declaration (provided at registration stage)

NRIs investing in residential property in India can avail the following tax benefits under the Income Tax Act, 1961:

  • Section 80C: Deduction on principal repayment of home loan (up to ₹1.5 lakh per year)
  • Section 24(b): Deduction on home loan interest (up to ₹2 lakh per year for self-occupied)
  • Section 54: No capital gains tax if sale proceeds are reinvested in another residential property within 2 years (purchase) or 3 years (construction)
  • Section 54EC: Exemption on capital gains if invested in specified bonds within 6 months of sale

TDS is applicable at 20% (long-term) or 30% (short-term) when an NRI sells property. We recommend consulting a qualified tax advisor for personalised guidance.

Yes. NRIs can earn rental income from their Indian property. Rental income is credited to an NRO account and is subject to TDS at 30% (plus applicable surcharge and cess) deducted by the tenant before payment. NRIs can claim deductions (municipal taxes paid, 30% standard deduction on rental income, home loan interest) to reduce their taxable rental income. Chembur commands rental yields of 2.5–5% annually, making SKG projects attractive for NRI rental income.

When a buyer purchases property from an NRI seller in India, TDS (Tax Deducted at Source) must be deducted by the buyer before making payment. TDS rates for NRI property sellers: Long-term capital gains (held > 2 years): 20% (+surcharge+cess). Short-term capital gains (held ≤ 2 years): 30% (+surcharge+cess). The buyer must deposit TDS with the government and issue Form 16A to the seller. The NRI seller can apply for a lower TDS certificate from the Income Tax Department if actual tax liability is lower.

Yes. NRIs and OCI cardholders can repatriate sale proceeds from Indian residential property under the following conditions:

  • From NRE/FCNR accounts: No limit on repatriation
  • From NRO accounts: Up to USD 1 million per financial year, subject to tax compliance and CA certificate (Form 15CA/15CB)
  • Repatriation is allowed for a maximum of two residential properties
  • The original purchase must have been made using foreign exchange or NRE/FCNR funds for full repatriation

Yes. NRIs can avail home loans from most major Indian banks and NBFCs to purchase property in India. Key points:

  • Loan amount: up to 80% of property value
  • Interest rates: Same as resident Indians
  • Repayment: From NRE or NRO account only (not from foreign bank account directly)
  • Loan tenure: Typically up to 20 years
  • Major lenders: SBI, HDFC Bank, ICICI Bank, Axis Bank, Kotak Mahindra Bank

SKG has tie-ups with leading banks and can connect NRI buyers with bank representatives for a smooth loan approval process.

The end-to-end process for an NRI purchasing an SKG property from abroad:

  • Step 1: Virtual tour –  schedule a video call or virtual site tour with our NRI sales team
  • Step 2: Unit selection –  choose your preferred project, floor, and configuration
  • Step 3: Booking –  transfer booking amount from NRE/NRO account; receive booking confirmation
  • Step 4: Power of Attorney –  execute a notarised and apostilled POA in your country of residence naming a trusted India-based representative
  • Step 5: Agreement for Sale –  POA holder signs and registers the agreement in India
  • Step 6: Payment milestones –  transfer payments from NRE/NRO account per construction-linked plan
  • Step 7: Possession  –  POA holder or NRI personally (if visiting India) takes possession

Chembur is an excellent choice for NRI second home investment. Reasons why NRIs prefer SKG Chembur projects:

  • Premium quality homes with luxury specifications –  comparable to what NRIs experience internationally
  • Airport proximity (20–25 min) for easy access on India visits
  • Strong rental income potential when not in residence –  5–5% annual yield
  • Gated community security at One Uttam –  peace of mind when away
  • RERA-protected investment with full legal transparency
  • Significantly lower prices than equivalent quality homes in BKC or South Mumbai

Yes. Overseas Citizens of India (OCI cardholders) have the same rights as NRIs when it comes to purchasing residential and commercial property in India. OCIs cannot purchase agricultural land, farmhouses, or plantation properties  –  the same restriction that applies to NRIs. OCI cardholders can use NRE, NRO, or FCNR accounts for property transactions and follow the same FEMA regulations.

Under FEMA (Foreign Exchange Management Act), 1999, NRIs purchasing residential property in India must:

  • Pay in Indian Rupees through approved banking channels or NRI accounts (NRE/NRO/FCNR)
  • Not purchase agricultural land, farmhouses, or plantation properties without RBI approval
  • File annual returns (FEMA 10R) if the property is rented out to a resident Indian
  • Ensure all foreign inward remittances are documented with FIRC (Foreign Inward Remittance Certificate)
  • Declare the property to the Reserve Bank of India if renting to a resident

Location & Connectivity

Where exactly are SKG's projects located in Chembur?

SKG’s ongoing projects are located in prime micro-locations within Chembur, East Mumbai:

  • One Uttam: St. Anthony’s Road, Off Central Avenue, Chembur
  • Mehr: 465-1, 14th Road, Chembur East
  • Shree Vaani: Chembur –  6th Road, near Ahobilla Mutt, Chembur West
  • Anupama: Chembur –  374, 6th Road, Chembur East, Mumbai
  • Chirantan: Chembur –  Kurla East, Mumbai, contact our sales team for exact address
  • Crest Avenue: Teen Hath Naka Flyover, Bhakti Mandir, Shivaji Nagar, Thane West

SKG’s Chembur projects are approximately 15 minutes from Bandra-Kurla Complex (BKC) via the Santacruz-Chembur Link Road (SCLR) and BKC Connector  –  without entering traffic-congested areas. This exceptional connectivity to India’s premier commercial district makes Chembur one of the most practical and value-driven alternatives to living in BKC itself.

SKG’s Chembur projects are approximately 25–30 minutes from Lower Parel via the Eastern Freeway  –  one of Mumbai’s most efficient arterial routes. Lower Parel’s commercial hub (Palladium, The Peninsula, One Indiabulls) is highly accessible from Chembur, making SKG homes an ideal choice for professionals working in this corridor who want luxury living without the density of Worli or Dadar.

Yes. All SKG projects in Chembur are within 5–10 minutes of the Eastern Express Highway (EEH), which is one of Mumbai’s most important arterial roads. From EEH, residents can access:

  • South Mumbai (Fort, Nariman Point): 20–25 minutes
  • Thane: 30 minutes
  • Navi Mumbai: 35 minutes
  • Powai IT Corridor: 20 minutes
  • Vikhroli Business District: 15 minutes

SKG’s Chembur projects are approximately 20–25 minutes from Chhatrapati Shivaji Maharaj International Airport (CSMIA) via the Santacruz-Chembur Link Road (SCLR). This proximity to the airport is a major advantage for frequent business travellers and NRI buyers who visit India regularly. Chembur is, in fact, one of the closest luxury residential suburbs to the airport in Mumbai.

Yes. SKG’s Chembur projects are well-connected to metro infrastructure:

  • Monorail: Chembur Monorail Station connects to Wadala, Jacob Circle, and onward to Lower Parel
  • Metro Line 2B (upcoming –  Dahisar to Mandale via BKC): Will significantly reduce travel time between Chembur and BKC / Western Suburbs
  • Metro Line 1 (operational): Accessible via Ghatkopar station (~15 min from Chembur) connecting to Versova

Yes. Chembur is served by the Harbour Line of Mumbai’s suburban railway network. Chembur station offers direct train connectivity to CST (Chhatrapati Shivaji Maharaj Terminus), Kurla, Vashi, and Panvel. The station is approximately 10–15 minutes from most SKG project locations, making daily commuting by train convenient for residents.

Both Chembur and Powai are premium East Mumbai residential destinations, but Chembur holds several advantages: Chembur is 15 min from BKC vs Powai which is 25–35 min; Chembur offers monorail + upcoming Metro 2B in addition to road connectivity; Chembur is greener with more open spaces compared to Powai’s more built-up environment; Chembur offers better value  –  premium flats at ₹30,000–35,000/sqft vs Powai’s ₹35,000–45,000/sqft; Chembur has more legacy open land driving newer, larger-format gated developments like One Uttam.

Chembur is exceptionally well connected to Navi Mumbai via the Eastern Express Highway and Sion-Panvel Highway. From Chembur, Vashi (Navi Mumbai) is approximately 20 minutes, Belapur is 35 minutes, and the Navi Mumbai Airport (Navi Mumbai International Airport, approximately 40 minutes  – boosting Chembur’s long-term investment value.

From SKG’s Chembur projects, the following commercial hubs are easily accessible:

  • BKC (Bandra-Kurla Complex): ~15 min via SCLR
  • Lower Parel (Palladium, Peninsula): ~25–30 min via Eastern Freeway
  • South Mumbai (Fort, Nariman Point, Churchgate): ~20–25 min via Eastern Freeway
  • Powai (IT Park, Hiranandani): ~20 min via EEH
  • Vikhroli (IT Corridor, Godrej One): ~15 min via EEH
  • Thane Business District: ~30 min via EEH

Several upcoming infrastructure projects are expected to further enhance Chembur’s connectivity and property values:

  • Metro Line 2B (Dahisar–BKC–Mandale): Will connect Chembur directly to BKC and western suburbs
  • Eastern Peripheral Motorway: Further reducing travel time to Navi Mumbai
  • Chembur–Wadala Monorail expansion: Improving inter-suburb connectivity
  • Navi Mumbai International Airport (expected 2026): Reducing eastern suburb travel times significantly
  • BKC Connector and SCLR widening: Further easing BKC commutes

Chembur is consistently rated as one of Mumbai’s safest and most liveable residential suburbs. It has lower population density than central Mumbai, wider roads, more green spaces, and a strong community feel. SKG’s gated projects  –  particularly One Uttam  –  add additional security with 24×7 manned gates, CCTV surveillance, video door phones, and pedestrian-only internal areas. The suburb’s excellent social infrastructure (hospitals, schools, parks) also makes it ideal for families with children and senior citizens.

Chembur is approximately 20–25 minutes from South Mumbai (Churchgate, Fort, Nariman Point) via the Eastern Freeway  –  one of Mumbai’s most efficient arterial roads with minimal traffic congestion compared to Western Express Highway routes. This makes Chembur one of the closest and most accessible eastern suburbs to South Mumbai.

Yes. Chembur has excellent educational institutions within 1–3 km of SKG projects:

  • Ryan International School, Chembur
  • Anthony’s High School, Chembur
  • Holy Cross High School, Kurla
  • Mary’s ICSE School, Chembur
  • Bunts’ Sangha’s S M Shetty International School, Powai (~15 min)
  • IIT Bombay (Powai campus): ~20 minutes away

SKG’s Chembur projects are surrounded by quality healthcare facilities:

  • Surana Hospital, Chembur: ~5 minutes
  • KJ Somaiya Medical College and Hospital: ~10 minutes
  • Apollo Spectra Hospital, Chembur
  • Zen Multispeciality Hospital, Chembur
  • Hinduja Hospital, Mahim: ~20 minutes via Eastern Freeway
  • Lilavati Hospital, Bandra: ~25 minutes via SCLR

Yes. Chembur is directly connected to Thane via the Eastern Express Highway (EEH)  –  a journey of approximately 25–35 minutes depending on traffic. SKG’s Crest Avenue project is located in Thane and offers premium 2 and 3 BHK homes for buyers who prefer Thane’s township environment while remaining connected to Chembur and central Mumbai.

Chembur has excellent public transport connectivity:

  • Harbour Line Railway: Direct to CST, Kurla, Vashi, Panvel
  • Monorail: Chembur to Wadala, Jacob Circle, and beyond
  • BEST Bus Network: Extensive routes to BKC, Kurla, Andheri, Dadar, South Mumbai
  • Auto-rickshaws: Available for local connectivity (auto-zone ends at Sion)
  • Metro (upcoming): Line 2B connecting to BKC and western suburbs

Lifestyle & Amenities

What amenities do SKG residential projects offer?

SKG’s projects are designed around a complete lifestyle experience. Amenities across projects include:

  • One Uttam (3.5-acre gated community): Swimming pool, fully equipped gym, banquet hall, children’s play area, dedicated pet park, jogging track, landscaped gardens, co-working space, multi-purpose hall, reflexology path, and 20+ amenities
  • Mehr: Rooftop gazebo, landscaped garden, fitness centre, private terraces, 24×7 security
  • Shree Vaani: Podium parking, smart security, gym, rooftop terrace seating
  • Crest Avenue (Thane): City-view balconies, yoga studio, landscaped rooftop terrace

Yes. One Uttam, SKG’s flagship gated township in Chembur, includes a dedicated pet park  –  a rare and thoughtfully designed amenity in Mumbai’s residential market. The 3.5-acre community also features open green spaces, pedestrian-friendly pathways, and a safe, vehicle-free residential environment that makes it ideal for pet owners. If pet-friendly living is a priority, One Uttam is the standout choice in Chembur.

Yes. One Uttam features a full-sized swimming pool as part of its 20+ amenity offering within the 3.5-acre gated community. The pool is maintained by professional facility management staff and is for the exclusive use of One Uttam residents and their registered guests.

Yes. All major SKG residential projects include a fully equipped fitness centre or gymnasium as part of their standard amenity offering. One Uttam features a state-of-the-art gym within the gated community. Mehr includes a dedicated fitness centre. Shree Vaani provides a gym for its boutique community. Exercise and wellness facilities are a non-negotiable part of every SKG project’s lifestyle offering.

SKG communities are designed with children in mind. One Uttam  –  SKG’s flagship gated township  –  includes:

  • Dedicated children’s play area with age-appropriate equipment
  • Pedestrian-only internal roads –  no vehicle movement near play zones
  • Landscaped open spaces and gardens for outdoor activities
  • Reflexology path and jogging track for family wellness
  • Safe, gated perimeter with 24×7 security and CCTV monitoring

Yes. One Uttam features a banquet hall and multi-purpose community hall for residents  –  ideal for hosting social gatherings, events, and celebrations within the gated community. The space is managed by professional facility management and available for resident bookings.

Security is a priority at all SKG communities. Features include:

  • 24×7 manned security at all entry and exit gates
  • CCTV surveillance covering all common areas, corridors, and entry points
  • Video door phone system in every apartment
  • Vehicle access control –  boom barriers with registered vehicle database
  • Visitor management system with digital records
  • One Uttam’s gated perimeter provides complete pedestrian and vehicular separation from public roads

Yes. All SKG projects are managed by professional facility management teams post-possession. Common areas  –  lobbies, corridors, gardens, pools, and gyms  –  are maintained to hotel-grade standards. SKG’s commitment to quality extends beyond construction to the day-to-day experience of living in an SKG community.

Yes. One Uttam includes a co-working space within the gated community  –  designed for residents who work from home or need a professional work environment close to home. The rise of hybrid working has made within-community workspaces an increasingly sought-after amenity, and One Uttam is ahead of the curve in providing this.

Green spaces are central to SKG’s design philosophy. At One Uttam  –  the flagship township  –  over 60% of the 3.5-acre site is dedicated to open, green, and landscaped spaces. Features include landscaped gardens, reflexology paths, jogging tracks, tree-lined internal walkways, and a dedicated pet park. The design prioritises natural ventilation, shade, and a healthy, active outdoor lifestyle for all residents.

Yes. Outdoor living is a signature feature of multiple SKG projects:

  • Mehr: Every 4 BHK (2134 sqft) includes a private terrace –  one of the most generous outdoor spaces in any Chembur residential project
  • Shree Vaani: Deck apartments with dedicated balconies across all 2, 3, and 4 BHK configurations
  • Crest Avenue: City-view balconies as a USP of the Thane project
  • One Uttam: Balconies across all configurations with views of the 3.5-acre community

Smart home features and automation readiness are incorporated across SKG’s newer projects. Video door phones, intercom systems, and smart security are standard. Mehr and Shree Vaani incorporate smart security systems. For the latest specifications on smart home features for each project, speak to our sales team or request the project brochure.

SKG maintains premium construction standards across all projects. Key quality indicators:

  • Structural design by experienced structural engineers
  • Premium grade concrete and materials
  • Imported or high-quality domestic flooring in apartments
  • Branded fittings and fixtures in bathrooms and kitchens
  • Double-glazed or thermally efficient windows in select projects
  • Professional quality control at every construction milestone
  • MahaRERA registered –  construction progress and quality are publicly accountable

Yes. Crest Avenue, SKG’s premium project in Thane, includes a dedicated yoga studio as one of its key lifestyle amenities. Additionally, the landscaped gardens and open terraces at One Uttam and Mehr provide tranquil outdoor spaces ideal for morning yoga, meditation, and mindfulness practice.

Yes. One Uttam’s 3.5-acre gated community includes a dedicated jogging track as part of its outdoor wellness infrastructure. Combined with the landscaped gardens, reflexology path, and pet park, it provides a complete outdoor wellness experience within the community  –  without having to leave the premises.

Yes. One Uttam‘s banquet hall and multi-purpose community hall are available for resident bookings for birthdays, family gatherings, festive celebrations, and community events. The hall is maintained by the facility management team and is designed to cater to both intimate and larger group events comfortably.

Chembur offers an excellent range of dining, shopping, and leisure options in close proximity to SKG projects:

  • K Star Mall, Chembur: Multi-level mall with retail, dining, and multiplex
  • Cubic Mall, Chembur: Neighbourhood mall with supermarkets and restaurants
  • Phoenix Marketcity, Kurla: Premium shopping and dining (~15 min)
  • Bombay Presidency Golf Club: Fine dining and leisure (~10 min)
  • Chembur Main Road: Wide range of restaurants, cafes, and street food

Yes. All SKG residential projects include 100% DG (Diesel Generator) power backup for all common areas and lifts. Individual apartments are provided with DG backup for essential points as per project specifications. For complete specifications on power backup capacity for a specific project, please refer to the project brochure or contact our sales team.

Vastu-Compliant Homes

Are SKG homes Vastu compliant?

Vastu Shastra principles are considered during the design and planning of SKG residential projects. Our homes are oriented to maximise natural light and ventilation, with room placements aligned with traditional Vastu guidelines where architecturally feasible. If Vastu compliance is a priority for your home selection, our sales team can guide you to configurations and floor orientations best suited to Vastu principles within each project.

A Vastu-compliant home is planned according to Vastu Shastra  –  an ancient Indian architectural science based on the harmonious relationship between the five elements (earth, water, fire, air, and space) and the cardinal directions. Key Vastu principles for residential homes include:

  • Main entrance facing North, East, or North-East
  • Kitchen in the South-East corner (fire element)
  • Master bedroom in the South-West corner for stability
  • Living room in the North or North-East for positive energy
  • Maximising natural light and cross-ventilation
  • Avoiding beams over sleeping areas

Ensuring the centre of the home (Brahmasthan) is open and uncluttered

Vastu Shastra has deep cultural and traditional significance for many Indian families. Homebuyers who follow Vastu principles believe that a correctly designed home promotes health, happiness, prosperity, and positive energy for its residents. From a practical standpoint, Vastu-compliant design principles  –  such as maximising natural light from the East and North and ensuring good ventilation  –  also align with sound architectural practices that improve the livability and comfort of a home.

To identify a Vastu-friendly apartment, consider the following:

  • Main door should face North, East, or North-East –  avoid South-facing main doors
  • Kitchen should be in the South-East with the cooking stove facing East
  • Master bedroom in the South-West; children’s room in the West or North-West
  • Living room in North or North-East –  rooms should be well-lit and ventilated from these directions
  • Avoid apartments with a toilet at the North-East corner or a beam running through the bedroom
  • Balcony ideally faces North or East for positive morning light

Our sales team can advise on which floor plans and unit orientations within each SKG project best meet Vastu requirements.

SKG incorporates Vastu principles at the design stage of its projects. While individual Vastu compliance certificates are not standard across all units, buyers who require a formal Vastu review can engage a certified Vastu consultant to assess their chosen unit. Our sales team can recommend certain orientations and floor plans that align more closely with Vastu guidelines within each project.

In Vastu Shastra, a main entrance or apartment facing North-East (Ishan corner) is considered highly auspicious as it is associated with positive energy, wisdom, and prosperity. East-facing entrances are also considered excellent as they receive the first light of the morning sun. North-facing apartments are associated with wealth and abundance.

In contrast, South-facing or South-West facing main doors are often considered less favourable in Vastu, though expert practitioners note that the overall floor plan design matters as much as the direction alone.

In Vastu Shastra, the ideal position for the kitchen is the South-East corner of the apartment  –  the direction associated with the fire element (Agni). The cook should ideally face East while cooking. The second-best position for the kitchen is the North-West corner. A kitchen in the North-East is considered the least favourable placement in traditional Vastu.

When reviewing SKG floor plans, our sales team can help identify units where the kitchen placement aligns with your Vastu preferences.

Yes. While structural changes are not advisable after possession, there are many non-structural Vastu remedies and adjustments that can be made during interior design. These include the placement and orientation of furniture (bed, sofa, dining table), use of colours in specific rooms, placement of mirrors, and the use of plants, crystals, or other Vastu-prescribed elements. Consulting a certified Vastu practitioner during your interior design phase is the most effective approach.

Yes. The orientation and planning of common areas in SKG projects  –  including the main entrance gate, lobby, community garden placement, and amenity zones  –  take into account directional principles aligned with Vastu guidelines. For specific queries about common area Vastu in a particular project, please speak to our sales team.

Not necessarily. Vastu compliance depends primarily on the orientation and layout of an apartment within a building  –  factors that are determined during the architectural design phase. Some orientations (e.g. East or North-East facing units) may command a modest Preferred Location Charge (PLC) premium due to their desirability, but this is primarily a market demand factor rather than a construction cost difference. Our sales team can advise on which configurations in each SKG project offer strong Vastu alignment.

Common Vastu mistakes homebuyers should be aware of:

  • South-facing main door (without remedial measures)
  • Toilet or bathroom in the North-East corner of the home
  • Kitchen in the North-East (fire element in the water/wisdom zone)
  • Beam directly above the bed in the master bedroom
  • Staircase or lift shaft at the centre of the building (Brahmasthan)
  • Irregular-shaped (non-rectangular) apartment layouts
  • Bathroom attached to the Puja room or directly above / below the kitchen

Apartment Features & Design

What is a deck apartment?

A deck apartment is a residential flat that features a large, private outdoor deck or terrace attached to the living space  –  significantly larger than a standard balcony. Deck apartments are designed to extend the living experience outdoors, offering space for seating, plants, outdoor dining, or even a private Jacuzzi. Shree Vaani by SKG is a boutique collection of deck apartments in Chembur, offering this elevated outdoor living experience across 2, 3, and 4 BHK configurations.

A duplex apartment spans two floors connected by a private internal staircase  –  essentially a two-floor home within a multi-storey building. Duplexes typically offer more vertical space, separate living and sleeping zones, and a feeling of privacy similar to a bungalow or townhouse. They are popular among large families and buyers looking for a distinctive, non-standard home layout.

SKG apartments feature premium quality flooring across all areas. Typical specifications include:

  • Living and dining areas: Marble or premium vitrified tiles (as per project specifications)
  • Bedrooms: Wooden flooring or premium vitrified tiles
  • Kitchen: Anti-skid vitrified tiles
  • Bathrooms: Ceramic or premium vitrified anti-skid tiles
  • Terraces / decks: Weather-resistant non-slip tiles

For exact flooring specifications for each project, please request the project brochure or contact our sales team.

SKG apartments include premium branded bathroom fixtures and fittings as standard. Typical specifications include CP (chrome-plated) fittings from branded manufacturers, wall-hung EWC (European Water Closet) or equivalent, counter-top wash basins, anti-skid floor tiles, and ceramic wall tiles up to the full wall height. Premium projects like Mehr feature upgraded bathroom specifications. Full specifications are available in each project’s brochure.

SKG apartments include a modular kitchen structure with premium specifications. Standard kitchen features include: granite or stone countertop, stainless steel sink, provision for chimney and hob, tiled dado up to 2 feet above the countertop, and provision for dishwasher and washing machine. For completed kitchen design and furniture, buyers typically engage an interior designer post-possession. Full specifications per project are available in the project brochure.

Maximising natural light and cross-ventilation is a core design principle for all SKG projects. Apartments are designed with:

  • Large windows on multiple sides to enable cross-ventilation
  • Optimal floor-to-ceiling heights (typically 9–10 feet) for airy interiors
  • Orientation that prioritises morning sunlight in living areas and bedrooms
  • Vastu-aligned designs that naturally favour North and East-facing openings

SKG offers apartments across a wide range of sizes depending on the project and configuration:

  • 2 BHK (Shree Vaani): 833 sq ft RERA Carpet Area
  • 2 BHK (One Uttam): 780–830 sq ft RERA Carpet Area
  • 3 BHK (Shree Vaani): 1,065 sq ft RERA Carpet Area
  • 3 BHK (One Uttam): 985–1,205 sq ft RERA Carpet Area
  • 4 BHK (Mehr): 2,134 sq ft RERA Carpet Area
  • 4 BHK (Shree Vaani): 1,768 sq ft RERA Carpet Area
  • 4 BHK (One Uttam): 1,560–1,660 sq ft RERA Carpet Area
  • 6 BHK (One Uttam): 2,100–2,400 sq ft RERA Carpet Area

SKG apartments feature generous floor-to-ceiling heights that contribute to a sense of space, luxury, and comfort. Typical heights range from 9 to 10 feet, depending on the project. This is above the standard height of many mid-market residential projects (which commonly offer 8.5–9 feet) and contributes to the premium feel of the interiors. For specific floor-to-ceiling heights per project, please contact our sales team.

Yes. All SKG residential buildings are equipped with high-speed passenger lifts from reputed manufacturers. Lift count is proportional to the number of units per building to minimise waiting time. All lifts are equipped with DG backup to ensure uninterrupted service during power outages. Lift specifications for specific projects are available in project brochures.

Yes. Buyers can typically choose from a range of finishes, tile options, and colour schemes for certain interior elements  –  subject to the stage of construction at the time of booking. SKG’s sales team can advise on the extent of customisation available for your chosen unit and timeline. Full interior design customisation (furniture, modular kitchen design, built-in wardrobes) is typically done by buyers through their own interior designers post-possession.

Parking & Convenience

What is podium parking?

Podium parking is an architectural design solution where all vehicle parking is placed on a dedicated elevated podium structure  –  typically occupying the lower 2–5 floors of the building  –  completely separating cars from the residential floors above and from the ground-level common areas. Benefits of podium parking:

  • Safer pedestrian zones: No vehicle movement on the ground level or within resident areas
  • More landscaping: Ground level is freed for gardens, children’s play areas, and community spaces
  • Better privacy and exclusivity for residents above the podium
  • Reduced noise: Vehicles kept away from residential zones
  • Organised, structured parking without open-air exposure

Shree Vaani, SKG’s boutique deck apartment project in Chembur, features a podium parking structure  –  making it an ideal choice for families who value safety, open space, and a vehicle-free community environment at the ground level. For parking arrangements at other SKG projects, please refer to the respective project brochures or contact our sales team.

Car parking allocation varies by project and configuration. Typically, each apartment is allotted one designated car parking space as part of the sale. Additional car parking slots may be available for purchase subject to availability and project specifications. Two-wheeler parking is typically provided in a separate designated area. Please confirm parking allocation for your specific unit and project with our sales team.

EV charging readiness is part of SKG’s sustainable design approach. New projects are designed with provisions for electric vehicle charging infrastructure  –  either installed or with electrical provisions in place. The specifics of EV charging availability differ by project and completion stage. For up-to-date EV infrastructure information for your chosen project, please contact our sales team or refer to the latest project specifications.

Yes. SKG communities provide designated visitor parking within the project premises. Access is controlled through the security gate, where visitors are registered before entry. Visitor parking is available on a first-come, first-served basis within the allocated zones.

SKG’s larger communities are designed with convenience in mind. One Uttam’s 3.5-acre gated township is planned to include ground-floor retail or convenience provisions as part of the community design. Additionally, Chembur’s neighbourhood itself offers excellent day-to-day convenience  –  supermarkets, pharmacies, cafes, and daily needs stores are within walking distance of all SKG projects.

Bicycle storage and cycling infrastructure are increasingly part of premium residential design. For specific information on bicycle parking or cycling facilities at each SKG project, please refer to the project amenity list or contact our sales team. One Uttam’s open spaces and pathways also offer a safe environment for cycling within the community.

SKG projects incorporate structured waste management systems as part of their sustainability and community design. This typically includes segregated dry and wet waste collection points on each floor, a centralised waste disposal system, and in newer projects, composting provisions for organic waste. Professional facility management post-possession ensures that waste management systems are maintained to high standards for all residents.

Home Buying Process

How do I book a home at Shree Krishna Group?

Booking your SKG home is a clear, step-by-step process:

  • Step 1 –  Enquire: Call +91-9167388999, WhatsApp, fill the online enquiry form at shreekrishnagroup.com/contact-us/, or email info@shreekrishnagroup.com
  • Step 2 –  Site Visit: Schedule a tour of your preferred project and model flat (7 days a week)
  • Step 3 –  Unit Selection: Choose your preferred configuration, floor, and facing
  • Step 4 –  Booking: Submit the booking form with the initial booking amount to block your unit
  • Step 5 –  Allotment Letter: Receive formal allotment confirmation from SKG
  • Step 6 –  Agreement for Sale: Execute the Agreement for Sale (registered with MahaRERA)
  • Step 7 –  Payment Plan: Follow the construction-linked or approved payment schedule
  • Step 8  –  Possession: Take possession of your home on the scheduled date with all OC documentation

SKG offers construction-linked payment plans (CLP) for under-construction projects, where payment is made in tranches linked to specific construction milestones. A typical CLP structure includes: 10–20% at booking, followed by stage-wise payments at slab completion, structure completion, plumbing/electrical fit-out, finishing stages, and final payment at possession. The exact payment plan varies by project. Our sales team will provide the complete CLP schedule at the time of booking.

A booking amount (also called token amount or earnest money) is an initial payment made by the buyer to block a specific unit. At SKG, the booking amount is typically a defined percentage of the total property value and is paid at the time of submitting the booking form. Upon receipt of the booking amount, SKG issues an allotment letter formally confirming the unit booking. The booking amount is adjusted against the total purchase price.

An Allotment Letter is an official document issued by SKG to the buyer confirming the allocation of a specific residential unit  –  including the unit number, floor, configuration, carpet area, agreed price, and payment plan. The allotment letter is issued after receipt of the booking amount and serves as the buyer’s proof of unit reservation prior to the execution of the Agreement for Sale.

The Agreement for Sale (also called the Sale Agreement) is the legally binding contract between the buyer and SKG formalising the sale of the residential unit. It is executed (signed and registered) after the allotment letter stage, typically upon payment of 10–20% of the property value. The Agreement for Sale is registered with the Sub-Registrar of Assurances and includes all key details: unit description, price, payment schedule, possession date, RERA registration details, and both parties’ obligations. MahaRERA mandates that all agreements for under-construction properties be registered.

Property registration in Maharashtra typically takes 1–3 business days after submission of all required documents to the Sub-Registrar’s office. Pre-requisites include payment of stamp duty, preparation of the sale deed, and availability of all parties (or their POA holder) for biometric registration. SKG’s legal team assists buyers in coordinating the registration process smoothly.

Preferred Location Charges (PLC) are additional charges levied for units that offer preferential attributes  –  such as a higher floor, a specific view (garden, poolside, city), or a corner unit. PLC is charged as a flat amount or a percentage of the base price per sq ft, and varies by project. PLCs are common in premium residential developments and are disclosed transparently in the SKG pricing sheet at the time of booking.

Booking cancellation terms are governed by the Agreement for Sale executed between the buyer and SKG, in accordance with MahaRERA regulations. MahaRERA provides a framework for buyer rights in case of cancellation  –  including timelines for refund of amounts paid (subject to applicable deductions as per agreement terms). We strongly recommend reviewing the cancellation and refund clauses in the Agreement for Sale before booking. Our sales team can walk you through these terms.

Transfer of booking (also called assignment of agreement) may be possible subject to the terms of the Agreement for Sale and SKG’s policies at the time. MahaRERA permits buyers to transfer their agreement under specific conditions. Applicable transfer charges and stamp duty on the transfer document will apply. Please speak to our sales team and your legal advisor before initiating a transfer.

A No Objection Certificate (NOC) from SKG is a document stating that the developer has no objection to a specific action by the buyer  –  such as obtaining a home loan, creating a mortgage in favour of a bank, or transferring the property to another party. Banks typically require an NOC from the developer before disbursing a home loan against an under-construction property. SKG issues NOCs as required for eligible transactions.

Yes. Joint ownership of property is common and encouraged in India. Purchasing jointly with your spouse has several advantages: Eligibility for the female co-buyer stamp duty concession (5% instead of 6% in Maharashtra), higher home loan eligibility (joint income considered by the bank), tax benefits for both co-buyers (each can claim Section 80C and Section 24(b) deductions), and clear joint ownership rights. NRI couples can also purchase jointly with proper NRE/NRO account setup.

A home loan sanction letter (also called a loan approval letter) is issued by a bank or NBFC confirming that it has approved a home loan for a specific buyer up to a stated amount, subject to property due diligence and document submission. To receive a sanction letter: (1) Apply for the home loan with required documents (income proof, bank statements, ITR, PAN, Aadhaar). (2) Bank assesses your credit profile and loan eligibility. (3) Bank issues sanction letter  –  valid typically for 3–6 months. SKG’s empanelled bank representatives can facilitate a fast-track sanction letter process for eligible buyers.

The Occupancy Certificate (OC) is one of the most important documents in the home buying process. It is issued by the Municipal Corporation (BMC in Mumbai) certifying that the building has been constructed according to the approved plans and is fit for occupation. Key implications of OC:

  • Legal right of residents to occupy the premises
  • GST on the apartment drops from 5% to NIL after OC
  • Property can be registered and officially transferred post-OC
  • Without OC, residents occupying the building may be in a legally grey area
  • Banks often require OC before final loan disbursement

A property lawyer (real estate advocate) plays a critical role in protecting the buyer’s interests during a property transaction. Their key functions include:

  • Reviewing the Agreement for Sale for any unfavourable or legally ambiguous clauses
  • Conducting title due diligence –  verifying the developer’s legal ownership of the land
  • Reviewing RERA registration and project approvals
  • Advising on stamp duty calculation and registration process
  • Reviewing mortgage / home loan documentation

While SKG ensures full RERA compliance and transparent documentation, we recommend all buyers engage an independent property lawyer for their personal due diligence.

Virtual tours are available for all NRI buyers and for buyers who are unable to visit in person. To schedule a virtual tour: contact our sales team at +91-9167388999 or email info@shreekrishnagroup.com with your preferred date and time. Our team will set up a live video walkthrough of the project site, model flat, and amenities, along with a digital presentation of floor plans, pricing, and project specifications.

Home Loans & Financing

How do I apply for a home loan for an SKG property?

Applying for a home loan for your SKG property involves the following steps:

  • Step 1: Select your preferred SKG project and unit
  • Step 2: Our sales team connects you with our empanelled bank or NBFC representative
  • Step 3: Submit loan application with required documents (PAN, Aadhaar, income proof, 6-month bank statements, ITR for 2 years)
  • Step 4: Bank conducts credit assessment, property due diligence and valuation
  • Step 5: Sanction letter issued –  typically within 7–15 working days
  • Step 6: Loan disbursed in stages linked to construction milestones (for under-construction property)

Banks and NBFCs typically finance up to 80% of the property value (LTV  –  Loan-to-Value ratio) for loans above ₹30 lakh. For loans above ₹75 lakh (applicable to most SKG properties), the maximum LTV is 75%. This means buyers need to arrange a minimum 20–25% down payment from their own funds. The actual loan amount sanctioned also depends on the buyer’s income, existing liabilities, and credit score.

Standard documents required for a home loan application in India:

  • Identity Proof: PAN Card (mandatory), Aadhaar Card
  • Address Proof: Utility bill, Aadhaar, or passport
  • Income Proof (salaried): Last 3 months salary slips, Form 16, 6-month bank statements
  • Income Proof (self-employed): Last 2 years ITR with P&L and Balance Sheet, 12-month bank statements
  • Property Documents: Allotment letter, Agreement for Sale (or draft), NOC from developer
  • Photograph: Recent passport-sized photos

SKG has established relationships with leading public and private sector banks and housing finance companies. Our empanelled lenders include: SBI (State Bank of India), HDFC Bank, ICICI Bank, Axis Bank, Kotak Mahindra Bank, and select Housing Finance Companies (HFCs). Our sales team will connect you directly with the bank representative best suited to your profile and property choice.

For under-construction properties, banks disburse the home loan amount in stages linked to construction progress  –  rather than as a single lump sum. Each disbursement is triggered when the developer reaches a defined construction milestone (e.g. completion of foundation, each slab, structure, finishing stage). Pre-EMI interest is charged on the amount disbursed until possession; full EMI begins after possession or after full disbursement, depending on the loan product.

Pre-EMI is the interest paid on the portion of the home loan disbursed to the developer during the construction period. As each tranche is disbursed to SKG at construction milestones, the bank charges interest on the cumulative disbursed amount. Full EMI (principal + interest) typically begins: at the time of possession, or after the full loan amount has been disbursed  –  whichever is earlier. Some banks offer full EMI from the start of disbursement, which builds equity faster.

Yes. This is called a Loan Against Property (LAP). If you own an existing residential or commercial property, you can raise funds against it by pledging the property as collateral to a bank or NBFC. LAP interest rates are typically slightly higher than home loan rates but lower than personal loans or business loans. The loan amount can be used for any purpose, including funding the purchase or down payment of a new SKG property.

Fixed Rate: Your home loan interest rate is locked for the full tenure or a specified period (e.g. 5 years). Your EMI remains constant regardless of market rate changes. Best when rates are low and expected to rise.

Floating Rate: Your interest rate is linked to the RBI repo rate or bank’s benchmark lending rate (EBLR). EMI or tenure changes when rates move. Historically, floating rates have been lower than fixed rates over long tenures.

Most Indian homebuyers opt for floating rate loans as they tend to benefit from rate cuts over a 15–20 year tenure.

Home loan eligibility is primarily based on your income and repayment capacity. Banks typically use the following criteria:

  • Net Monthly Income (NMI): Loan EMI should not exceed 40–50% of your NMI
  • FOIR (Fixed Obligation to Income Ratio): Total existing EMIs + new EMI as a percentage of income
  • Credit Score: A CIBIL score of 750+ is typically required for best rates
  • Employment stability: Salaried individuals need a minimum 2 years at current employer; self-employed need 3+ years of ITR
  • Age: Loan tenure cannot extend beyond retirement age (typically 60–65)

Yes. Home loan borrowers in India can claim the following tax deductions under the Income Tax Act, 1961:

  • Section 80C: Up to ₹1.5 lakh per year deduction on principal repayment
  • Section 24(b): Up to ₹2 lakh per year deduction on home loan interest (for self-occupied property)
  • Section 80EEA: Additional ₹1.5 lakh interest deduction for first-time homebuyers on affordable housing (subject to eligibility criteria)
  • First-time buyers can effectively save ₹45,000–₹1,00,000+ per year in taxes depending on income slab

Pradhan Mantri Awas Yojana (PMAY) is a government scheme that provides a Credit Linked Subsidy (CLSS) on home loan interest for eligible first-time homebuyers in the EWS (Economically Weaker Section), LIG (Low Income Group), and MIG (Middle Income Group) categories. The income eligibility ceiling for MIG-II is ₹18 lakh per year. Given SKG’s premium property pricing, PMAY subsidy eligibility is unlikely for most buyers. However, first-time buyers should check their PMAY eligibility with their bank or housing finance company.

GST (Goods and Services Tax) is applicable on under-construction residential properties at 5% of the total consideration (without ITC  –  Input Tax Credit). GST is not applicable on ready-to-move properties for which the Occupancy Certificate has been received before the date of sale. All SKG’s current ongoing projects are under-construction and therefore attract 5% GST. This GST is in addition to the base property price.

Legal & Compliance

Are all SKG projects MahaRERA registered?

Yes. All Shree Krishna Group projects are registered with MahaRERA (Maharashtra Real Estate Regulatory Authority), ensuring full legal compliance, transparency, and buyer protection. RERA numbers for ongoing projects: One Uttam Plot A: PR1180002501996; One Uttam Plot B: PR1180002502124; Mehr: A051182501893. RERA registrations for Shree Vaani, Anupama, Chirantan and Crest Avenue are available on request and on the MahaRERA portal at maharera.mahaonline.gov.in.

MahaRERA (Maharashtra Real Estate Regulatory Authority) is the state-level regulatory body established under the Real Estate (Regulation and Development) Act, 2016. It protects homebuyers by:

  • Requiring developers to register all projects above a certain size and publicly disclose all project details
  • Mandating that 70% of buyer collections be held in a dedicated escrow account for that project only
  • Ensuring developers deliver within the registered possession timeline or compensate buyers with interest
  • Providing a fast-track dispute resolution mechanism for buyers against developers
  • Prohibiting developers from making changes to approved plans without buyer consent

Stamp duty on residential property in Maharashtra (Mumbai) in 2025:

  • Male buyer: 6% of the property market value
  • Female buyer: 5% (1% concession for single female buyer)
  • Joint buyer (male + female): 5.5%
  • Plus: 1% Registration Fee (maximum ₹30,000) under the Registration Act, 1908

Stamp duty is payable at or before registration of the Agreement for Sale or Sale Deed. Insufficient stamp duty attracts a penalty of 2% per month (up to 200%). Rates may change; always verify with your legal advisor or the Maharashtra IGR portal (igrmaharashtra.gov.in).

Agreement for Sale (AFS): Executed during the construction period. It is a binding contract setting out the terms of sale including price, payment plan, specifications, and possession date. Under MahaRERA, the AFS must be registered. Buyer pays stamp duty on the AFS.


Sale Deed (Conveyance Deed): Executed at or after possession, once the OC is received and the full sale price is paid. The Sale Deed is the final document that legally transfers ownership of the property from the developer to the buyer. Additional stamp duty is payable on the difference (if any) between the AFS value and Sale Deed value.

A title search is a legal review of the ownership history of the land on which a property is built. It is conducted by a property lawyer to verify that: the developer legally owns (or has development rights over) the land, there are no encumbrances, disputes, or mortgages on the land, the land use is approved for residential construction, and there are no pending litigation issues involving the land. All SKG projects are built on land with clear title. However, independent buyers are advised to conduct their own title search through a property advocate.

For under-construction properties, banks disburse the home loan amount in stages linked to construction progress  –  rather than as a single lump sum. Each disbursement is triggered when the developer reaches a defined construction milestone (e.g. completion of foundation, each slab, structure, finishing stage). Pre-EMI interest is charged on the amount disbursed until possession; full EMI begins after possession or after full disbursement, depending on the loan product.

An Occupancy Certificate (OC) is issued by the Municipal Corporation (BMC in Mumbai) certifying that the building has been constructed according to the approved building plans and is safe and fit for occupation. Importance of OC:

  • Legal right to occupy: Without OC, technically residing in the building is illegal under Maharashtra law
  • GST: Falls to nil on sale after OC is obtained
  • Property registration: Sale Deed and final ownership transfer typically happen post-OC
  • Bank disbursement: Banks often require OC for final loan disbursement
  • Society formation: Cooperative Housing Society can only be formed after OC is received

A Completion Certificate (CC) is issued by the local planning authority certifying that a building has been constructed as per the approved building plan. The CC is a prerequisite for obtaining the Occupancy Certificate (OC). While both documents are related, the OC is the document that legally permits residents to occupy the building. Buyers should ensure they receive information about both the CC and OC status at the time of possession.

As a buyer of a MahaRERA-registered property, you have the following rights:

  • Right to all project information: Floor plans, specifications, amenities, legal approvals, RERA number
  • Right to timely possession: Developer must deliver by the registered possession date or pay interest (SBI PLR + 2%) for delay
  • Right to refund: If developer fails to deliver or violates agreement terms, buyer can seek refund + interest
  • Right to escrow protection: 70% of all project funds must remain in a project-specific escrow account
  • Right to structural defect remedy: For 5 years after possession, developer must rectify structural defects free of cost
  • Right to complaint: File complaints at RERA tribunal if rights are violated  –  decisions typically within 60 days

An Encumbrance Certificate (EC) is an official record of all registered transactions on a property  –  including any mortgages, loans, legal disputes, or pending charges. It confirms that the property is free from financial and legal liabilities as of the date of the certificate. Buyers and banks typically require an EC during the due diligence phase to ensure the property has a clean, unencumbered title before finalising the purchase or approving a home loan.

A Conveyance Deed (or Sale Deed) is the final legal document that formally transfers the ownership of the property from the developer (seller) to the buyer. It is typically executed after: possession of the apartment has been taken, the Occupancy Certificate has been issued, and the full sale consideration has been paid. The Conveyance Deed is registered with the Sub-Registrar of Assurances in the sub-district where the property is located.

Under MahaRERA, developers are required to deposit 70% of all amounts collected from buyers (and 70% of all loans taken against the project) into a dedicated project escrow account maintained with a scheduled bank. These funds can only be withdrawn for construction and land cost payments related to that specific project, subject to certification from an engineer, architect, and CA. This requirement protects buyers by ensuring their funds are used exclusively for the project they have invested in.

If a MahaRERA-registered developer fails to deliver possession by the registered possession date, buyers have the following options under the Real Estate (Regulation and Development) Act, 2016:

  • Continue with the project and claim interest compensation at SBI’s PLR + 2% per annum for every month of delay
  • Withdraw from the project and claim a full refund of all amounts paid, plus the same rate of interest from the date of each payment
  • File a complaint with the MahaRERA Adjudicating Officer –  decisions typically within 60 days

A Power of Attorney (POA) is a legal document authorising one person (the agent or attorney) to act on behalf of another (the principal) in legal, financial, or property-related matters. In property transactions, NRIs and buyers who cannot be physically present often execute a POA to allow a trusted representative to sign documents, appear at registration, and conduct the transaction on their behalf. For NRIs, the POA typically needs to be notarised in the country of residence and apostilled before use in India.

Under MahaRERA: Structural Defect Warranty: If any structural defect or workmanship defect is brought to the developer’s notice within 5 years of possession, the developer must rectify the defect free of charge within 30 days. If unrectified, the buyer can claim compensation. Maintenance Charges: Until a Cooperative Housing Society (CHS) is formed and an Association of Apartment Owners (AOA) takes over, the developer is responsible for maintaining the building’s common areas and charging reasonable maintenance fees.

You can verify any SKG project’s MahaRERA registration directly on the Maharashtra government portal at maharera.mahaonline.gov.in. Navigate to ‘Registered Projects’, enter the RERA registration number or developer name (‘Shree Krishna Group’), and access all project details including: registration date and validity, project plan details, promoter details, financials, escrow account information, and quarterly progress updates.

A Cooperative Housing Society (CHS) is a legal entity formed by the residents of a residential complex to manage the day-to-day operations, maintenance, and administration of the building and common areas. Under Maharashtra law, developers are required to form a CHS within 3 years of occupation or within 3 months of majority of flats being sold  –  whichever is earlier. SKG facilitates CHS formation in accordance with applicable timelines and regulations.

A Share Certificate is a document issued by the Cooperative Housing Society (CHS) to each member (flat owner) certifying their membership and the number of shares held in the society. Share certificates are important documents of ownership and must be kept safely. They are typically issued after the CHS is formally registered and are required for future resale, mortgage, or legal transactions involving the property.

Freehold Property: The buyer owns both the flat and the proportionate share of the land on which the building stands  –  in perpetuity. Most premium residential projects in Mumbai, including SKG’s Chembur projects, are built on freehold land. Full ownership rights with no restrictions.

Leasehold Property: The buyer owns the flat but not the land. The land is leased to the developer (typically by a government authority) for a fixed period (e.g. 99 years). Upon expiry, the lease must be renewed. Examples include certain government-allotted plots and older Mumbai housing board properties.

Society Maintenance Charge (SMC) is a monthly fee paid by apartment owners to the Cooperative Housing Society (CHS) for the maintenance of common areas, amenities, security, utilities (electricity, water), lift maintenance, housekeeping, and reserve fund contributions. Maintenance charges are typically calculated based on the carpet area of the apartment or equally per unit, as decided by the CHS. For SKG projects, indicative maintenance charges will be communicated at the time of possession.

Investment & ROI

Is buying a flat in Chembur a good investment?

Yes. Chembur is consistently among Mumbai’s top-performing residential investment suburbs. Key investment metrics:

  • Annual price appreciation: 5–8% per year since 2019
  • Chembur West has seen up to 10% annual appreciation in select micro-markets
  • Average rate: ₹31,150 per sq ft as of 2025 (vs ₹55,000+ in BKC)
  • Rental yields: 2.5–5% annually, driven by demand from BKC and South Mumbai professionals
  • Projected average price by 2028: ₹38,500 per sq ft (Cushman & Wakefield estimate)
  • Infrastructure catalysts (Metro 2B, Eastern Freeway, SCLR) continue to drive demand

Chembur has recorded consistent annual property price appreciation of 5–8% per year since 2019. According to Cushman & Wakefield, average property prices in Chembur are projected to increase from approximately ₹25,800 per sq ft to ₹38,500 per sq ft by 2028  –  representing appreciation of nearly 50% over the period. Upcoming infrastructure projects (Metro Line 2B, EEH improvements, Navi Mumbai Airport) are expected to sustain and potentially accelerate this trajectory.

Rental yields in Chembur range from 2.5% to 5% per year depending on the configuration, project, and exact location. Premium gated community apartments with strong amenities (like SKG’s One Uttam) typically command higher rental rates due to the lifestyle offering and security. High demand for Chembur rentals comes from professionals working in BKC, South Mumbai, and the eastern IT corridor  –  making rental occupancy rates in Chembur consistently high.

Rental demand in Chembur is consistently strong, driven by proximity to major employment centres (BKC, South Mumbai, Eastern Express Highway IT corridor), excellent connectivity, and social infrastructure. Chembur attracts renters from a diverse profile: professionals and dual-income families working in BKC; corporate executives preferring a quieter eastern suburb over crowded Andheri or Powai; NRIs returning to India for extended periods; transferable employees from Mumbai-based MNCs. This diverse renter base ensures low vacancy rates and stable rental income for property owners.

Typically, under-construction properties in Chembur are priced 10–20% lower than the expected market price at completion. This appreciation during the construction period represents a return for buyers who invest early. SKG’s track record of on-time delivery and quality construction has historically generated strong pre-to-post-possession price appreciation for buyers across all completed projects.

Both configurations offer strong investment returns in Chembur, but for different buyer profiles:

  • 2 BHK: Lower ticket size, higher rental yield percentage, easier to resell or rent –  ideal for investors prioritising rental income and liquidity
  • 3 BHK: Broader end-user appeal, moderate rental demand, and strong capital appreciation –  ideal for both personal use and medium-term investment
  • 4 BHK: Lower rental yield but higher absolute capital value and appreciation –  best for HNI investors or large families upgrading to luxury living

Capital appreciation is the increase in the market value of a property over time. In real estate, capital appreciation is driven by: location improvement (new infrastructure, commercial growth nearby), demand-supply dynamics (limited new land supply + growing buyer demand), inflation (properties hold value against currency depreciation), quality of development (premium projects in prime locations appreciate faster), and broader economic growth. Chembur’s combination of infrastructure investment and limited premium land supply creates a strong capital appreciation environment.

When selling a residential property in India, the following taxes apply:

  • Short-term Capital Gains (STCG): If sold within 24 months of purchase –  taxed at the seller’s income tax slab rate
  • Long-term Capital Gains (LTCG): If sold after 24 months –  taxed at 20% with indexation benefit or 12.5% without indexation (post-Budget 2024)
  • Section 54 Exemption: LTCG can be exempted if reinvested in another residential property within 1 year (before sale) or 2 years (after sale) or in construction of a new property within 3 years
  • TDS: Buyer must deduct 1% TDS (20–30% for NRI sellers) on the sale price if above ₹50 lakh

SKG’s projects in Chembur offer several distinct investment advantages over competitors:

  • 6 BHK configuration at One Uttam: Only gated community offering 6 BHK in Chembur –  premium pricing and exclusivity
  • 5-acre township at One Uttam: Largest gated community footprint in the micro-market –  commands a community premium on resale
  • 14th Road location at Mehr: One of Chembur’s most prestigious addresses for 4 BHK buyers
  • On-time delivery track record: 25+ lakh sq ft delivered –  reduces investor risk vs newer developers
  • RERA compliance: Full transparency and buyer protection

A Conveyance Deed (or Sale Deed) is the final legal document that formally transfers the ownership of the property from the developer (seller) to the buyer. It is typically executed after: possession of the apartment has been taken, the Occupancy Certificate has been issued, and the full sale consideration has been paid. The Conveyance Deed is registered with the Sub-Registrar of Assurances in the sub-district where the property is located.

Chembur and Thane serve different buyer profiles. Chembur’s advantages over Thane include: closer proximity to BKC (15 min vs 40+ min), higher price appreciation in absolute terms, stronger rental yields from south Mumbai commuters, and a more established luxury market. Thane offers larger land parcels, newer townships, and a lower price per sq ft. SKG’s Crest Avenue offers investors the Thane option within the SKG portfolio. Chembur remains the stronger choice for yield and BKC-connectivity driven appreciation.

Market conditions in 2025 make a compelling case for buying now rather than waiting. Key indicators:

  • 96,000+ Mumbai property transactions in 2024 –  13-year high  –  reflecting strong demand
  • Home loan interest rates have stabilised –  EMI affordability is at a reasonable level
  • Under-construction properties today will be delivered at 2027–2028 market prices –  expected to be higher
  • Infrastructure spend (Metro 2B, coastal road, NIMA) continuing to drive location premiums
  • Premium segment properties (SKG’s category) have outperformed the broader market historically

Residential Property (like SKG’s apartments): Lower entry cost, easier financing (home loans at 8–9%), GST exemption post-OC, capital appreciation driven by end-user demand, stable rental income of 2.5–5%.

Commercial Property: Higher entry cost, typically self-funded or commercial loan (higher rates), higher rental yields (6–10%), demand driven by corporate occupiers which can be more cyclical, complexity in management (tenant fit-outs, multiple agreements).

For most individual buyers and NRI investors, residential property in a strong location like Chembur offers a better risk-adjusted return with lower management complexity.

The overall ROI for a luxury flat in Chembur combines capital appreciation and rental income:

  • Capital Appreciation: 5–8% per annum (Chembur average since 2019)
  • Rental Yield: 2.5–5% per annum
  • Total Annual Return (estimate): 7.5–13% per annum on property value
  • Comparison: Much higher than fixed deposits (6–7%), and competitive with equity markets –  with significantly lower volatility for a premium property in a well-chosen location

Actual returns depend on the specific project, entry price, holding period, and market conditions. Past performance does not guarantee future returns.

SKG’s premium Chembur projects are best suited for medium-to-long-term investment horizons (3–10 years). Short-term flipping (selling immediately after booking) is possible through assignment of agreement but is subject to short-term capital gains tax and assignment charges. The strongest returns are typically realised by holding through the construction period and 2–3 years post-possession  –  during which both price appreciation and rental income contribute to overall returns.

Construction & Possession

What are the possession timelines for all SKG projects?

Expected possession timelines for SKG’s ongoing projects:

  • Anupama (Chembur): Construction started 2025 –  Possession: Early 2027
  • Shree Vaani (Chembur): Construction started 2025 –  Possession: Early 2027
  • Mehr (Chembur): Construction started 2025 –  Possession: Early 2027
  • Chirantan (Chembur): Construction started 2026 –  Possession: End 2027
  • Crest Avenue (Thane): Construction started 2026 –  Possession: End 2027
  • One Uttam (Chembur): Construction started End 2025 –  Possession: Early 2028

All timelines are registered with MahaRERA. For the latest construction updates, check the MahaRERA portal or contact our sales team.

A Construction-Linked Payment Plan (CLP) is a home purchase payment schedule where the buyer pays the property price in instalments linked to specific construction milestones  –  rather than upfront. Typical CLP structure: 10–20% at booking, then tranches at foundation completion, plinth, structure (slab by slab), brickwork, plumbing, electrical, finishing, and final payment at possession. CLP protects the buyer by ensuring payments are made only when actual construction progress is verified.

The construction of a high-rise residential building like SKG’s projects typically follows these stages:

  • Excavation and Foundation: Piling and foundation work to anchor the structure
  • Podium / Basement: Parking structure construction
  • Slab by slab (Superstructure): Each residential floor slab is cast sequentially
  • Brickwork and Plastering: Internal and external walls
  • MEP (Mechanical, Electrical, Plumbing): All service installations
  • Tiling, Flooring, Joinery: Interior finishing work
  • External Works: Facade, painting, landscaping
  • Amenity Fitout: Pool, gym, gardens, clubhouse
  • OC Application: Submission to BMC for Occupancy Certificate

Buyers can track the construction progress of their SKG project through the following channels:

  • MahaRERA Portal: Quarterly construction updates are filed by all registered developers –  check maharera.mahaonline.gov.in
  • SKG Construction Updates: Regular email, WhatsApp, and website updates on key milestones
  • Site Visits: Buyers are welcome to visit the construction site at agreed times with prior appointment
  • SKG Customer Care: Call +91-9167388999 or email us for specific project updates

In Indian real estate, ‘possession’ refers to the formal handover of the apartment from the developer to the buyer. There are two types of possession:

  • Soft Possession (Fit-Out Possession): Given after OC –  buyer can begin interior work (paint, furniture, flooring finishes). Monthly maintenance charges begin.
  • Final Possession (Physical Possession): The apartment is fully ready as per specifications –  buyer receives keys, does a final inspection, and officially takes ownership.

At SKG, possession is preceded by a formal snagging inspection where any defects or incomplete work items are noted and resolved before handover.

A snagging inspection (also called a pre-possession inspection or punch list inspection) is a walkthrough of your completed apartment before you officially take possession  –  during which you check for any defects, incomplete work, or items that don’t match the agreed specifications. Common items checked include tile alignment, paint finish, plumbing fittings, window operation, electrical points, door and frame alignment, and fixture quality. Yes  –  every buyer should do a thorough snagging inspection. SKG facilitates this through a formal pre-possession walkthrough with our site representative who logs all snags for rectification before final keys are handed over.

A Possession Letter is a formal document issued by SKG to the buyer inviting them to take possession of their apartment on a specified date. It confirms that the apartment is ready for handover, the OC has been received, and specifies any outstanding amounts due before keys are released. The Possession Letter is an important document to be retained safely along with the Agreement for Sale and Sale Deed.

Post-possession, the following steps are typically completed:

  • Interior fit-out: Engage an interior designer to complete the modular kitchen, wardrobes, and finish the home to your taste
  • Utility connections: Electricity meter transfer, water connection, and gas line activation (if applicable)
  • Property tax: Register the property in your name with the local municipal corporation for property tax
  • Society membership: Join the Cooperative Housing Society and receive your share certificate
  • Society maintenance: Begin paying monthly maintenance charges to the CHS
  • Home insurance: Consider taking a comprehensive home insurance policy

SKG conducts rigorous quality control at every stage of construction and before possession. Pre-possession checks include: structural quality verification by independent engineers, MEP (mechanical, electrical, plumbing) system testing, tiling and flooring alignment inspection, window and door operation testing, electrical and plumbing point testing, CCTV and security system verification, lift commissioning and certification, amenity area completion verification, and fire safety system commissioning. Only apartments that pass all quality checks are presented to buyers for possession.

A Defect Liability Period (DLP) is the period after possession during which the developer is legally responsible for rectifying any structural or construction defects at no cost to the buyer. Under MahaRERA, the DLP for residential projects is 5 years from the date of possession  –  during which any structural defects must be repaired free of charge within 30 days of the buyer’s written complaint. This provides significant post-possession protection for SKG flat buyers.

Interior work (such as custom wardrobes, modular kitchen, or wallpaper) can only be done after you receive soft possession or fit-out possession  –  not during the developer’s construction phase. Once fit-out possession is given (after OC), buyers can engage their interior designers and begin customising the apartment. The developer’s team is available to coordinate utility connections (electricity, water, gas) to facilitate interior work.

GST is not applicable on properties for which the Occupancy Certificate (OC) has been received before the date of sale or possession. GST at 5% is applicable on under-construction properties. For all SKG projects, since the sale is typically entered into during the construction phase, GST of 5% applies to the consideration paid during the construction period. Once OC is received, no further GST is applicable. Buyers are advised to confirm the GST treatment with SKG and their tax advisor at the time of agreement.

Sustainability & Community Living

What sustainable features do SKG homes include?

SKG’s residential projects integrate eco-friendly and sustainable design principles:

  • Rainwater harvesting systems –  for water conservation and reduced municipal water dependency
  • Energy-efficient LED lighting across all common areas
  • Landscaped green spaces: One Uttam dedicates over 60% of its 3.5-acre site to open and green areas
  • Waste management: Segregated dry and wet waste collection with composting provisions
  • EV charging readiness: Electrical provisions for electric vehicle charging in parking areas
  • Natural ventilation: Cross-ventilation design in apartments to reduce air conditioning load
  • Water conservation: Dual-flush fittings and low-flow fixtures as standard

Community living refers to a residential lifestyle where residents share common facilities, open spaces, and a sense of belonging within a planned, managed community  –  typically a gated township like One Uttam. Benefits of community living:

  • Safety and security: Controlled access and 24×7 security
  • Social connections: Common areas and events foster friendships between residents
  • Premium shared amenities at a fraction of the individual cost
  • Better property maintenance through professional facility management
  • Healthier lifestyle: Gyms, pools, jogging tracks, and green spaces encourage active living
  • Pet-friendly environment at One Uttam with dedicated pet park

An AOA or RWA is a residents’ body formed by the apartment owners of a building or complex to manage the maintenance, operations, and administration of the community after the developer hands over management. The AOA typically oversees: collection and management of maintenance charges, engagement and supervision of the facility management team, enforcement of community rules and bye-laws, maintenance of common areas, amenities, and building services, and liaison with municipal authorities for property tax, utility connections, etc.

Each SKG gated community operates under a set of community rules and bye-laws designed to ensure peaceful, respectful, and orderly living for all residents. General community rules typically include: no noise after 10 PM, no structural alterations without society approval, designated visitor hours, pet management rules (leashes, pet zones), vehicle speed limits within the community, use of common areas within operating hours, waste segregation compliance, and prohibition of unauthorised sub-letting. Specific community rules and bye-laws are shared at the time of possession.

One Uttam is exceptionally well-suited for large joint families. The 6 BHK configuration (2100–2400 sq ft) in one of Chembur’s few gated communities is ideal for multi-generational families who need space, privacy within the home, and a safe, amenity-rich community environment. Features that make One Uttam ideal for joint families: spacious 6 BHK homes with generous living areas, safe gated community with no vehicle movement near play areas, dedicated children’s play area, pet park for family pets, banquet and community hall for family celebrations, 20+ amenities reducing need to leave the community.

Post-possession, SKG communities are managed by a professional facility management company engaged by the Cooperative Housing Society (CHS) or Association of Apartment Owners (AOA). The facility management team is responsible for daily maintenance of all common areas, pools, gyms, gardens, and security systems. Residents pay monthly maintenance charges which fund the operational costs of all amenities and services. SKG supports the transition to resident-managed CHS/AOA within the MahaRERA-specified timeline.

Building a genuine sense of community is central to SKG’s vision for its residential projects. One Uttam  –  as a 3.5-acre gated township  –  is specifically designed to foster community interactions through shared amenities, community events, children’s play areas, pet parks, and professionally managed common spaces where residents naturally meet. The community hall at One Uttam facilitates resident events, festive celebrations, and building community connections across the multi-generational resident base.

Yes. SKG communities incorporate several features that make them suitable and comfortable for senior citizens:

  • Level access and wide doorways in apartments (subject to configuration)
  • High-speed lifts with backup power –  no reliance on stairs
  • 24×7 security providing safety and peace of mind
  • On-site facilities (gym, gardens, reflexology paths) supporting active ageing
  • Proximity to hospitals –  KJ Somaiya, Surana, and Apollo Spectra all within 5–10 minutes
  • Gated community with no external traffic –  safe environment for daily walks
  • Chembur’s relatively quiet, green neighbourhood compared to denser Mumbai suburbs

Children’s safety is a design priority at all SKG gated communities. Key safety features:

  • Vehicle-free internal roads in gated communities –  no risk of traffic within the complex
  • Dedicated, fenced children’s play areas with age-appropriate equipment
  • 24×7 manned security gates with visitor registration preventing unauthorised entry
  • CCTV coverage of all common areas including play zones
  • Low-height pool fencing and safety provisions at swimming facilities
  • Intercom and video door phone in each apartment for secure communication

Prior to the formation of the Cooperative Housing Society (CHS), SKG engages a professional facility management company to operate and maintain all common areas, amenities, and services at the project. This covers: 24×7 security and access control, housekeeping of all common areas, pool and gym maintenance, garden and landscape upkeep, lift maintenance, DG operation and maintenance, and waste management. Post-CHS formation, residents take over engagement of the facility management team with charges funded through monthly maintenance fees.

Company, Leadership & Trust

Who founded Shree Krishna Group and who leads it today?

Shree Krishna Group (SKG) was established in 2001 and has been building in Chembur for over two decades. The group is led by Managing Director Sundeep Jagasia. Under his leadership, SKG has delivered 35+ residential and commercial projects totalling over 25 lakh sq ft and has served 5,000+ families across Chembur and Mumbai. The company is headquartered at Sethna Manor, 6th Road, Chembur East, Mumbai 400071.

Shree Krishna Group has been developing residential and commercial real estate in Chembur, Mumbai for over two decades, since 2001. In that time the group has completed 35+ projects and delivered more than 25 lakh sq ft of built space, establishing itself as one of Chembur’s most experienced and trusted developers.

Yes. SKG has a track record of over 20 years in Chembur, with 35+ delivered projects, 25+ lakh sq ft of construction, and 5,000+ families served. The group holds a 4.7 rating across 46 reviews on JustDial and is recognised for on-time (and often ahead-of-schedule) delivery and long-term build quality, with many residents noting zero leakage or structural issues years after possession. Every ongoing SKG project is MahaRERA registered and independently verifiable on the MahaRERA portal at maharera.mahaonline.gov.in.

One Uttam was designed by Sanjay Puri, one of India’s most celebrated and internationally awarded architects, known for a bold, contemporary, and globally recognised design language. His vision shaped One Uttam as a 3.5-acre gated community of four elegant 18-storey towers with podium parking and 25+ lifestyle amenities.

Over more than two decades, SKG has delivered 35+ residential and commercial projects across Chembur, including landmarks such as Navageeta, Amardham, Amrita Prive, Piri Majestic, Mumbadevi, and Raja Rajeswari. A full list of completed developments is available at shreekrishnagroup.com/completed-projects/. For details on any specific project, contact the SKG sales team at +91-9167388999.

SKG’s ongoing portfolio in and around Chembur includes:

  • One Uttam: 3.5-acre gated community, St. Anthony’s Road, Chembur (2, 3, 4, and 6 BHK)
  • Mehr: 14th Road, Chembur East (4 BHK with private terraces)
  • Shree Vaani: deck apartments, Chembur West (2, 3, and 4 BHK)
  • Anupama: 6th Road, Chembur East
  • Chirantan: Kurla East, Chembur
  • Crest Avenue: Teen Hath Naka, Thane West (2 and 3 BHK)

All ongoing projects are MahaRERA registered, with possession expected between 2027 and 2028.

Shree Krishna Group (SKG), headquartered at Sethna Manor, 6th Road, Chembur East, Mumbai 400071, is the developer of One Uttam, Mehr, Shree Vaani, Anupama, Chirantan, and Crest Avenue. Some third-party property portals list SKG projects under slightly varied names, or list unrelated developers with similar names. For authoritative project, RERA, pricing, and possession information, always refer to the official website shreekrishnagroup.com or call +91-9167388999.

Society Redevelopment

Does Shree Krishna Group undertake society redevelopment projects?

Yes. Redevelopment of existing housing societies has been a core part of SKG’s work in Chembur for over two decades. Many of SKG’s completed and ongoing buildings are redevelopment projects, where an ageing society building was rebuilt into a modern, amenity-rich residential development. SKG works closely with society members through every stage, from feasibility and approvals to rehabilitation construction and final handover. Societies exploring redevelopment can contact the SKG team at +91-9167388999.

Society redevelopment is the process of demolishing an old, structurally ageing residential building and constructing a new one in its place, usually by appointing a developer. The developer funds construction in exchange for the right to build and sell additional flats (the saleable component) created through extra FSI (Floor Space Index) and TDR (Transferable Development Rights). Existing members typically receive a brand new, larger flat at no construction cost, along with rent during construction and a corpus amount. Redevelopment is especially common in Mumbai suburbs like Chembur, where land is scarce and many buildings are 30 to 50 years old.

In a typical Mumbai redevelopment, existing members generally receive:

  • A new flat with additional carpet area (the extra area varies by project and negotiation)
  • A new home that replaces their old one at no construction cost to the member
  • Monthly rent or a lump sum to cover alternate accommodation during construction
  • A one-time corpus amount as compensation
  • All new amenities, lifts, parking, and modern building systems

The exact terms are set out in the Development Agreement executed between the society and the developer.

SKG coordinates the full member journey during redevelopment, including society consent and documentation, obtaining approvals from the planning authorities, arranging the agreed monthly rent for alternate accommodation, maintaining transparent construction timelines, and delivering the new flats as per the registered agreement. SKG’s track record of on-time delivery in Chembur is designed to give society members confidence that they will move back into their new homes on schedule.

When selecting a redevelopment partner, a society should evaluate:

  • The developer’s delivery track record and completed projects
  • Financial stability and the ability to fund construction to completion
  • MahaRERA registration and legal transparency
  • The quality of past construction (a visit to their completed buildings helps)
  • The clarity and fairness of the offer (extra area, corpus, and rent)
  • References from societies they have already redeveloped

SKG’s 35+ delivered projects and 25+ lakh sq ft of construction in Chembur make it a long-standing option for societies evaluating redevelopment.

A redevelopment project typically requires: a members’ resolution and society consent (as per Maharashtra cooperative and redevelopment guidelines), appointment of a Project Management Consultant, a registered Development Agreement and Power of Attorney, IOD (Intimation of Disapproval) and Commencement Certificate from the planning authority, MahaRERA registration of the new project, and finally the Occupancy Certificate on completion. SKG’s legal and liaison teams guide member societies through each stage.

Timelines vary by project size and approvals, but a Mumbai society redevelopment commonly takes around 3 to 5 years from the signing of the Development Agreement to possession of the new flats. This includes the approval and vacating phase, the construction phase, and the final fit-out and Occupancy Certificate stage. SKG provides a project-specific timeline in the Development Agreement and files quarterly progress updates on the MahaRERA portal.

Comparing SKG & Choosing a Project

Who is the best luxury builder in Chembur?

Chembur has several reputed developers, so the best builder depends on your priorities (configuration, budget, possession timeline, and amenities). For buyers seeking established, on-time luxury, Shree Krishna Group stands out with 35+ delivered projects, 25+ lakh sq ft, and 5,000+ families served over two decades. SKG also offers Chembur’s largest gated community (One Uttam, 3.5 acres) and the micro-market’s only 6 BHK gated homes. Contact the SKG team at +91-9167388999 to compare specific options.

For families, One Uttam is SKG’s strongest option. As a 3.5-acre gated community, it offers vehicle-free internal roads, a dedicated children’s play area, a pet park, landscaped gardens, a jogging track, and 25+ amenities, all within a secure gated perimeter. Larger and joint families can also consider its 6 BHK homes, which are unique to Chembur. Mehr, with its spacious 4 BHK homes and private terraces, is another strong family choice.

NRIs often prefer One Uttam for its gated-community security, 25+ amenities, and strong appreciation potential in a prime Chembur location around 20 to 25 minutes from the airport. Crest Avenue in Thane suits NRIs wanting a township environment at a lower entry price. All SKG projects are MahaRERA registered and support POA-assisted remote purchases. The right choice depends on budget, rental strategy, and how often you visit India. See the NRI Property Investment section for the full remote-buying process.

For rental yield and liquidity, smaller configurations such as the 2 BHK homes at Shree Vaani and One Uttam are attractive, given strong rental demand from BKC and South Mumbai professionals (Chembur rental yields range from 2.5% to 5%). For capital appreciation, One Uttam’s gated-community premium and Mehr’s prestigious 14th Road address are strong. The best investment depends on your horizon and whether you prioritise yield or long-term appreciation.

Mehr offers SKG’s largest standard configuration: a 4 BHK of 2,134 sq ft RERA carpet area with a private terrace. One Uttam offers 6 BHK homes of 2,100 to 2,400 sq ft RERA carpet area, the only 6 BHK gated homes in Chembur, making it the best choice for large or multi-generational families seeking maximum space.

One Uttam by SKG is the only gated community in Chembur offering 6 BHK residences. Spread across 3.5 acres with four 18-storey towers, it offers 6 BHK homes of 2,100 to 2,400 sq ft RERA carpet area, ideal for HNI and joint families seeking a statement home with 25+ amenities and full gated-community security.

SKG projects are distinguished by an established delivery record rather than a first-time promise. Key differentiators include:

  • Chembur’s largest gated community footprint (One Uttam, 3.5 acres)
  • The micro-market’s only 6 BHK gated homes
  • A 25+ lakh sq ft delivery track record that reduces buyer risk
  • Full MahaRERA compliance and transparent documentation
  • Design pedigree such as Sanjay Puri’s architecture at One Uttam

For a like-for-like comparison against a specific competing project, contact the SKG team at +91-9167388999.

SKG Project Guides

What is SKG One Uttam?

One Uttam is SKG’s flagship gated community in Chembur, spread across 3.5 acres with four elegant 18-storey towers and podium parking, designed by architect Sanjay Puri. It offers 2, 3, 4, and 6 BHK homes (the only 6 BHK gated homes in Chembur) with 25+ lifestyle amenities including swimming pools, a pet park, padel courts, a banquet room, a multipurpose games room, a rooftop garden, a jogging track, and landscaped open spaces. Location: St. Anthony’s Road, Off Central Avenue, Chembur. MahaRERA: Plot A PR1180002501996, Plot B PR1180002502124. Possession expected early 2028.

Mehr is a premium SKG residence on 14th Road, one of Chembur East’s most prestigious addresses. It is best known for spacious 4 BHK homes of 2,134 sq ft RERA carpet area, each with a private terrace, among the most generous outdoor spaces in any Chembur project. Amenities include a rooftop gazebo, landscaped garden, fitness centre, and 24×7 security. MahaRERA: A051182501893. Possession expected early 2027.

Shree Vaani is a boutique collection of deck apartments in Chembur West, offering 2, 3, and 4 BHK homes with large private decks that extend living space outdoors. It features podium parking, smart security, a gym, and rooftop terrace seating. Indicative RERA carpet areas: 833 sq ft (2 BHK), 1,065 sq ft (3 BHK), and 1,768 sq ft (4 BHK). Location: 6th Road, near Ahobilla Mutt, Chembur West. Possession expected early 2027.

Anupama is an SKG residential project on 6th Road, Chembur East (address 374, 6th Road, Chembur East). It is part of SKG’s ongoing Chembur portfolio, MahaRERA registered, with possession expected in early 2027. For configurations, pricing, and floor plans, contact the SKG sales team at +91-9167388999.

Chirantan is an SKG residential project in the Kurla East pocket of Chembur, part of the group’s ongoing portfolio. Construction began in 2026, with possession expected around end 2027. For the exact address, configurations, and pricing, contact the SKG sales team at +91-9167388999.

Crest Avenue is SKG’s premium project in Thane, rising at Teen Hath Naka near Bhakti Mandir, Shivaji Nagar, Thane West. It offers 2 and 3 BHK homes with city-view balconies, a yoga studio, and a landscaped rooftop terrace, giving buyers a township-style option within the SKG portfolio. Construction began in 2026, with possession expected around end 2027.

Luxury Apartments in Chembur & Thane, Mumbai by Shree Krishna Group

Luxury Real Estate Developer in Chembur, Mumbai