CPR Ratings
As per Location
We can see the location of the mix-land use residential & commercial property investment project, Leela Sky Villas (Raheja Navin Minar), with 3-logical points.
The First One: The One side of Leela Sky Villas is adjoined with a busy railway line. This creates a noisy living. and may attract mental illness.
Second One: The project is properly connected to multiple public transportation facilities and other civic facilities. IGI Airport is just approx 16KM away from Leela Sky Villas. Kirti Nagar metro station is a closet to the project.
Third One: The Leela Sky Villas is right in the middle of the high-density population area of central Delhi, and the high-density population is not a good factor for luxury living.
Possession | Construction Update
| Construction Status | Under Construction |
| RERA Registration No | Leela Sky Villas- DLRERA2018P0005 |
| Start/Launch Date | |
| Possession Date (RERA) | 2023 |
| Construction Stage | Ongoing |
| Promoters Name | Raheja Developers |
| Architect Name | |
| Land Area | 5.5 Acre |
| Construction Company | Raheja Builders |
| Live Updates | |
| COVID-19 Lockdown Status | COVID-19, an event of ‘Force Majeure’. Completion/possession date extended for 6 months for all projects expiring on or after 25.03.2020 by the Government. |
Fact Check
Leela Hotels is not the developer of this project. The project is developed by Raheja Developers under the PPP scheme with DDA (Delhi Development Authority). Originally the project name is Navin Minar.
The ‘Project’ is being developed by Raheja Developers Limited. Leela Hotels has no responsibility regarding the construction and development of the project. Leela Hotels or equivalent hotel chain shall be providing operation & maintenance services in terms of the agreement after the development of the project. So it is clear that there is no role of the Leela group in this project. It’s a marketing trick only.
All the apartments will be provided in an unfinished condition and with basic specifications only. Interiors/home furnishings, furniture, and gadgets are not part of our offerings. Facilities and amenities will be made functional only upon achieving 50% occupancy in the project.
The Leela Sky Villas (Raheja Navin Minar) is very close to several religious places such as Mosque & Temples.
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Advantages | Good Factors
According to the advertisement, Lela Sky Villas (Raheja Navin Minar) is the first residence in India with 4-meter (13.1234) floor to floor height.
Products & Developer
Raheja Navin Minar (Leela Sky Villas) is under development by Raheja Developers Limited. It’s a mix of land use property. The project consists of Shopping Mall, Food courts, Showrooms, Offices, Movies for a lifestyle living & Delhi’s first & only Gold Souk* (with multi-level lift parking)
Builders Profile | Track Record
 |
|
| PREDECESSOR | Raheja Developers Private Limited |
| FOUNDED | 1990 |
| FOUNDERS | Navin M Raheja |
| KEY PEOPLE | Navin M Raheja, AR. Nayan Raheja, Sanjana Rana, Sangita Kumar |
| COMPANY | PROMOTERS | Raheja Developers |
| PRODUCTS | Apartments, Commercial Offices, Shopping Malls, Retail, Hotel, Lesure & Hospitality |
| AREA SERVED | Delhi, Gurgaon |
| PROJECTS COMPLETED | Raheja Mall |
| PROJECTS ONGOING | Raheja Trinty, Leela Sky Villas Delhi |
| DELIVERY TRACK RECORD | Very Poor, delay possession |
| NET WORTH | |
| STRENGTH | |
| COMMITMENT | ??? |
| RISK | delay possession, investment can be stuck |
| DEBT | Updating soon |
| LITIGATION | Facing unfair trade practice charges in Indian courts |
| OFFICE ADDRESS | Corporate Office Raheja Mall, 3rd Floor, Sector-47, Sohna Road, Gurugram – 122001, Tel: +91-0124-4681111, Email: marketing@raheja.com |
| BUILDER CATEGORY | BRONZE |
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Price | Lease Price
Raheja Navin Minar (Leela Sky Villas) available in original bookings price start at approx:-
| UNIT TYPE | SIZE (Sq Ft) | PRICE (PSF) |
| 3 BHK | 2306 | Starts From 5.70 Cr. |
| 4 BHK | 3901 | Starts From 9.30 Cr. |
| 5 BHK | 4688 | Starts From 13.50 Cr. |
| 5 BHK with Penthouse | 7277 | Starts From 29.50 Cr |
.
Conclusion
The sale price of Leela Sky Villas (Raheja Navin Minar) is already on the very higher side. If you are buying for self-use, then no comments. But if buying it for pure investment then there may be a chance for delay appreciation.
CPR Ratings
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