Friday 30 August 2013

Quick Checklist before you submit your Application!

The application window for Lodha Group’s Codename Full Moon opens tomorrow (31/8/2013) at 9:00 AM in the morning. This is a quick checklist before you submit your applications.

1.       Please make sure that the application form is duly filled with all your details, 3 preference codes and the master preference code. An incomplete form will be rejected.
2.       The application deposit instrument is ready with the necessary details clearly mentioned.
3.       Self attested copy of PAN card
4.       Self attested copy of address proof.
5.       In case the applicant is not an individual, a board resolution or equivalent authorizing the signatory to sign on behalf is also required.
6.       It is always better to apply at the earliest possible at the site office of the project as there can be heavy web traffic as soon as the application window opens.


Please go through all the Terms and Conditions before submitting the application form and make sure all the necessary documents are in place. 

How to get the Best Deal out of Lodha Codename Full Moon!

After a lot of conversation on Lodha Group’s Codename Full Moon for the past few days and the application window opening tomorrow, this is the ideal time to understand the best way to get the best deal out of LCFM.

The process that is being followed is similar to the one followed by Lodha in Codename Blue Moon in January. All the applicants need to give their preferences and the allocation will be done by an algorithm on a first come first serve basis.

Lodha has already started distributing physical forms and an e-version of the form can be downloaded on their website www.lodhacodenamefullmoon.com. The applicant needs to fill all the details in the form along with a minimum 2 and maximum 3 preferences of flats i.e select a preference code based on the desired configuration, floor band and consideration value band.

With very limited number of flats being open for sale and a huge demand expected from the market, it becomes very difficult for one to get the first preference allotted. Hence, my objective is to get you master the game of this preferences based allocation

Steps to get the best deal!!
1.       First of all, fill in all the details in the form and carefully go through all the T & Cs.
2.       Fill in all the 3 preferences available in the form depending on your desired configuration, floor band and budget range.
3.       Opt for the master preference code. This would make you eligible to get an allocation in the nearest band if none of the 3 filled preferences are available.
4.       Opt for higher floors for better chances of allocation. It is likely that the demand will be higher for lower floors as market is abuzz with the ticket sizes of these floors. 
5.       A higher floor above the 30th also gives you an advantage of additional floor rise waiver. Hence, if budget permits, always opt for the flat in the highest floor band
6.       In addition, try to opt for larger units if budget permits, as a general tendency of applicants is to be conservative and opt for smaller units.

Summing up, the following table gives you an ideal way to fill preferences in order to increase your chances of getting a desired unit allotted. (The number in bold indicated the preference code.)
Also, since this time there is no penalty on withdrawls or cancellation within the stipulated window, it makes for a very low-risk avenue, where the reward is getting a residence at the best value in the best development in South Mumbai, making it a definite win.

Budget
1st Preference
2nd Preference
3rd Preference
>4.5 Cr
203 (3 BHK 31-55 floor)
202 (3 BHK 21-30 floor)
201 (3 BHK 8-20 floor)
4.2 – 4.5 Cr
201 (3 BHK 8-20 floor)
103 (2 BHK 31-55 floor)
102 (2 BHK 21-30 floor)
3.8 – 4.2 Cr
103 (2 BHK 31-55 floor)
102 (2 BHK 21-30 floor)
101 (2 BHK 8-20 floor)
3.5 – 3.8 Cr
102 (2 BHK 21-30 floor)
101 (2 BHK 8-20 floor)

Thursday 29 August 2013

Super Saver Opportunity - No Additional Floor Rise Above 30th floor!

As a part of the pre-launch of Lodha Codename Full Moon, the Lodha Group has provided its customers a unique and enticing opportunity to make a good saving on residences on the higher floors.

There will not be any additional floor rise charged on flats above the 30th floor.

The following example can help one understand this opportunity better:
For a 3 BHK of a saleable area 1638 sqft on the 30th floor at a base rate of Rs.24471 psf and a floor rise of Rs. 135 psf
Flat Cost              = (Base Rate + (Floor Rise * No. of floors))*saleable area
                                = (24471 + (135*30)) * 1683
                                = 4.80 Cr
The same flat on the 55th floor would ideally cost
Flat Value           = (24471 + (135*55)) * 1683
                                = 5.36 Cr (53680968)

However, with the additional floor rise above the 30th floor waived off, the flat value of the 3 BHK on 55th floor is Rs. 4.80 Cr offering a saving of more than 56 Lakhs that is over 10.4%


With such a saving possible, it is more affordable to opt for the higher floors and enjoy the spectacular views the project offers in the Lodha Codename Full Moon

Wednesday 28 August 2013

A billion dollar pre-launch revisited!!

This January, Lodha Group announced the pre-launch of two towers under Codename Blue Moon which went on to create history. The property has been oversubscribed to over two times the inventory open for sale with more than 1300 applications received, of which over 1000 were received on the first day itself.


An image of the customers queuing to submit applications for Codename Blue Moon


With the success and faith shown by customers in Code name Blue Moon, The Lodha Group has announced the final pre-launch of the development under the name Code name Full Moon. This time, a single tower, located along the heart of the development is being pre-launched, which means the number of units available will be much less than that during Codename Blue Moon. The buzz and excitement in the channel and customers alike suggests that this could be yet another block-buster pre-launch, and some expect the interest in this to even exceed the Blue Moon levels, with the amount of product clarity and exposure over the recent past.

Will we be able to revisit a billion dollar launch? It will surely be an exciting time come 31st of August 2013!!

Code Name Full Moon – The Best Price!

Lodha Group in its channel partner meet that was held a few days ago at The Shangri-La Mumbai has announced its prices for its Code Name Full Moon project that is going to be launched this Saturday.
Priced at Rs. 24,471 psf, a 2 BHK in this project is going to start at a value of around Rs. 3.38 Cr. This price is currently not even seen in the suburbs like Juhu and Bandra.



With a price that is less than the Mumbai’s premier suburban prices and with a very premium location of South Mumbai that the Lodha Codename Full Moon is located in, it can be definitely said that Lodha has given its customers an ultimate price advantage that one cannot simply refuse!!

Tuesday 27 August 2013

The Ultimate Opportunity!

This Saturday, the Lodha Group is coming up with the last pre-launch opportunity in what is said as the most successful development in real estate history – Lodha Codename Full Moon. It is a repeat of the biggest real estate opportunity to own 2 and 3 bedroom residences starting at just under Rs. 3.5 Cr. onwards, the type of pricing one currently sees in Suburbs like Bandra, Juhu & Andheri.

Lodha Codename Full Moon is a glass tower more than 75 storeys tall, located next to the center of The Park. It is placed next to the wetland parks, nature gardens and 7 swimming pools and also has the top of the line world-class internal amenities.

With a location termed as “The Most Preferred Address” and following a pre-launch termed as “The Most Successful” in the history of real-estate, this is the “Ultimate Opportunity” that you would not want to miss!!

Applications window will be open from 31st August, 2013 for a limited time period only, using the same algorithm based process as followed for Codename Blue Moon. This definitely promises to be the most interesting and attractive real estate launch in recent times, and I will be tracking it closely over the next few days, so stay tuned for more...

The Ultimate Location!

Lodha Codename Full Moon is located at The Park, which stands at the starting point of most sought after stretch in Mumbai – a glittering avenue stretching from Bombay Dyeing Mills on the Pandurang Bhudkar Marg and extends till the proposed ‘W’ Hotel on Senapati Bapat Marg. The nearly mile-long stretch is home to India’s best landmark residential developments like The World Towers, commercial developments like Peninsula Corporate Park and the finest hotels like The Shangri-la, Four-Seasons, the upcoming Jumeira and ‘W’ Hotels, luxury retails malls like Palladium of High Street Phoenix, and the major F & B and entertainment hubs like PVR Cinemas, HRC, Blue Frog etc; The presence of such great living and leisure destinations means this is the most buzzing location in Mumbai, with the very best luxury lifestyle being played out here. And the planned developments promise to take this location to a new level altogether, in line with the best luxury boulevards in the world.


The location, termed to be the “Most Preferred Address” in South Mumbai is just a 15-20 min drive away from the major business districts of Mumbai like the BKC and Nariman Point. With such fine establishments accessible in a very less time, Lodha Codename Full Moon can definitely be that “Ultimate Location” that you want to live at!!!