Godrej Properties · Kandivali East

Godrej Reserve — 2, 3 & 4 BHK Premium Residences in Mumbai

Location: Kandivali East, Mumbai Possession: Q2 2028 Size: 780 – 1,850 sq ft Units: 1,800+ units across 5 towers
₹1.8 Cr onwards · INR
  • 40-acre forest reserve theme
  • Kandivali — Western line suburban sweet spot
  • Godrej's largest Mumbai township
  • IGBC Green Platinum certified
  • Metro Line 7 connectivity
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Description Description Description Description Description

PAYMENT STRUCTURE

Payment Plan

Construction-linked payment plan — stage payments tied to MahaRERA-verified milestones with escrow protection.

10%
On Booking
10%
On Commencement
55%
Slab-wise Construction
25%
On Possession

CONFIGURATIONS & PRICING

Unit Types & Pricing

All prices in Indian Rupees. Subject to applicable GST (5% under-construction) and Maharashtra stamp duty + registration charges.

Configuration Carpet Area Price Range
2 BHK 780 – 950 sq ft ₹1.8 – 2.2 Cr
3 BHK 1,150 – 1,450 sq ft ₹2.65 – 3.35 Cr
4 BHK 1,600 – 1,850 sq ft ₹3.7 – 4.3 Cr

LOCATION ADVANTAGE

Connectivity & Landmarks

Key distances from Godrej Reserve to employment hubs, transport nodes, and infrastructure.

Landmark / Destination Approx. Distance
Kandivali Railway Station (Western) 1.5 km
Metro Line 7 (Aarey–Dahisar) 800 m
Chhatrapati Shivaji Airport 16 km
Malad Commercial Hub (Mindspace) 4 km
Goregaon (Film City / Hub) 5 km

NRI INVESTMENT GUIDE

Gulf NRI Buyer's Guide — Mumbai

Buying property in Mumbai from the UAE? Complete regulatory roadmap — MahaRERA, FEMA, NRI home loans, PoA, Maharashtra stamp duty and repatriation.

01

MahaRERA Verification

Confirm the project is registered at maharera.mahaonline.gov.in. MahaRERA mandates quarterly construction photo updates, 70% fund escrow protection, and penalty clauses for delays. For Gulf NRIs monitoring from Dubai, this live transparency is essential before every stage payment.

02

NRI Eligibility under FEMA

NRIs and OCIs can freely purchase residential and commercial property in India under FEMA. Payment must flow through an NRE / NRO account or by inward remittance — never via travellers' cheques or foreign currency notes. Agricultural and farmland are restricted.

03

NRI Home Loan from Dubai

HDFC, ICICI, Axis, Kotak and SBI all offer NRI home loans for Mumbai projects — up to 80% LTV on standard configurations, 75% on premium ticket sizes above ₹3 Cr. IA Wealth is a registered DSA and arranges competitive pre-approvals from Dubai, with doorstep document collection.

04

Power of Attorney (PoA)

Get a specific PoA drafted in India, notarise it before a UAE Notary Public, attest it at the Indian Consulate in Dubai or Abu Dhabi, then apostille via UAE MOFA. Once this PoA is registered in Mumbai, your authorised representative can complete all Sub-Registrar formalities — no India visit required.

05

Maharashtra Stamp Duty

Mumbai stamp duty is 6% (5% base + 1% Metro cess) + 1% registration fee. Thane Municipal Corporation levies 7% + 1%. Factor 7–8% of agreement value into your total acquisition cost. IA Wealth provides a full landed-cost sheet before you commit to any project.

06

Repatriation of Proceeds

Rental income and sale proceeds in your NRO account are repatriable up to USD 1 million per financial year after applicable taxes. NRE account balances are fully and freely repatriable. File Form 15CA/15CB with a CA for each remittance above ₹5 Lakh. Capital gains from property held over 2 years attract LTCG at 20% with indexation.

FREQUENTLY ASKED QUESTIONS

NRI Buyer FAQ — Godrej Reserve

Answers to the questions Gulf NRIs ask most when investing in Mumbai real estate.

Is Godrej Reserve MahaRERA registered?
Yes, all towers are registered under MahaRERA. The portal shows construction progress photos, approved plans, and completion timelines — critical transparency for Gulf NRIs purchasing remotely.
Why is Kandivali a preferred NRI investment zone in Mumbai?
Kandivali sits on Mumbai's Western Railway line with Metro Line 7 adding connectivity. It offers better value per square foot than Bandra or Andheri, with strong rental demand from professionals working in Malad and Goregaon tech hubs.
Can I get a home loan as an NRI in Dubai for this project?
Yes. Godrej is empanelled with HDFC, ICICI, Axis, SBI and Kotak for NRI loans. IA Wealth, as a DSA, arranges competitive NRI pre-approvals from Dubai. LTV up to 80% on 2 and 3 BHK configurations.
Do I need to visit Mumbai to buy?
No. A UAE-notarised PoA attested at the Indian Consulate and apostilled allows your representative to complete all registration formalities in Mumbai without your physical presence.
What is Maharashtra stamp duty and registration cost?
Mumbai stamp duty is 6% (5% + 1% Metro cess) + 1% registration fee. For a ₹2.5 Cr flat, total outgo is approximately ₹17.5 Lakh. IA Wealth provides a full cost-sheet upfront.
What rental yield can I expect from a Kandivali 3 BHK?
A 3 BHK at Godrej Reserve typically rents for ₹55,000–75,000/month, giving gross yields of 2.8–3.4%. Western Line suburbs have seen consistent 8–12% annual capital appreciation over the last 5 years.
How is capital gains tax calculated when I eventually sell?
If held over 2 years: LTCG at 20% with indexation. If under 2 years: STCG at your income slab rate. Your buyer (NRI) deducts 20% TDS; if resident buyer, 1% TDS applies on purchases above ₹50 Lakh.

GET IN TOUCH

Enquire About Godrej Reserve

IA Wealth's Dubai team guides Gulf NRIs through every step — floor plan selection, home loan, PoA and registration. No India visit needed.

Why Book Through IA Wealth?

We are RERA-registered Dubai brokers (Reg. 52591) with a dedicated India desk. Our advisors connect you with developer STMs, bank DSAs, and PoA lawyers — all from your Dubai office or home.

  • Dubai Office OBK Business Centre, 20F, Burj Gate, Sheikh Zayed Road
  • WhatsApp +971 56 909 3693
  • Email dubai@investadvise.in
  • RERA Reg. 52591
  • Speciality NRI India Residential Investment
Godrej Reserve · ₹1.8 Cr onwards
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