1. An Idea Whose Time Has Come: Affordable
Housing in Palghar
Study of Residential Real Estate Development in Palghar by Master Sun
Consulting pinpoints to the sudden spurt in residential real estate supply in the area
and an increasing demand/absorption of the same.With the opening of much-
awaited 63-km Virar-Dahanu railway line expected in 2011, the area is witnessing a
tremendous surge in real estate activity esp. in the affordable housing segment . The
most notable project is the recent launch by HDIL in Palghar ( 160 acres comprising
of 20,000 flats)
Palghar is the first important town on the suburban railway network after Virar.
Therefore it is a residential option for people who work in Vasai-Virar belt. A
significant part of the Palghar town residents commute to Mumbai daily to make a
living. Currently the commute is quite time consuming and inconvenient as it takes
around 90 minutes to commute between Palghar and Borivali. With the expected
start of the Virar-Dahanu line, it will become very convenient to live in Palghar and
work in Virar/Vasai. While most of the 15-18 lakh people live in dense villages,
Palghar town is seeing some good real estate industrial and residential
development.
According to Sarvajeet Chandra, Managing Partner, Master Sun Consulting “The
profile of Palghar resident who are shifting to townships and flats are very varied.
They may include SME Owners of units in Palghar/Boisar and their employees,
residents of villages close to Palghar town who have sold off their land/bungalow,
Government Officials in Palghar Taluka. An interesting trend is that some retiring
couples from Mumbai have also started buying real estate in Palghar on account of
low cost of housing and living. Also e a small but a significant set of investors have
started buying into Palghar. Most developers are promising an appreciation of at
least 500-750 psqf in 12-18 months”.
Sarvajeet feels that “Palghar is a good area for spending weekends once in a while.
Therefore Palghar & Boisar is also an appropriate location for those planning to
invest in second homes”. Second home seekers from Mumbai (Western Suburbs)
and industrial zones of South Gujarat (Vapi, Valsad & Surat) have also started
buying into Palghar.
Most of the residential development in Palghar is being done around Tembhode
specifically near Dandekar Colledge and Satpati Road. This area is stretches 3-6 km

2. of Palghar railway station. It is not possible to acquire large tracts of land close to
Palghar station and therefore Tembhode is a preferred area where land can be
acquired. Besides Tembodhe area is close to some schools and colledge (esp.
Dandekar colledge). So the hub of development activity is the Tembodhe region of
Palghar town. This region is also close to Palghar-Boisar road.
The o affordable housing projects are priced in the range of Rs. 1500- Rs. 2000 per
square feet. Some of the notable projects are
HDIL, Palghar (W), is the project which has caused the maximum excitement
is the launch of an affordable housing township by HDIL. They have planned
an integrated township development of 160 acres comprising of 20,000 flats,
retail, school and other amenities. Their first phase comprising 5000 flats has
been launched and is getting a good response.
Haware Nakshatra. Tembhode, is an affordable housing initiative by
Haware Builders comprising of 1RK, 1BHK and 2 BHK apartments. Haware
Nakshatra is 3 km from Palghar Railway station and about 8 KM from Kelwa
Beach. With around 800 units, the project plans to give possession from
December 2011.
Genesis Township, Rokadia Group, Palghar(E) is developing an
integrated industrial township at Palghar. The project is very close to
Palghar-Boisar road and thus is well connected to both Palghar & Boisar.
The project is between Palghar and Boisar and is actually close to Umroli
Railway station. The 150 acres Mixed Use Township at Palghar has
industrial, commercial and residential development. The primary focus of
this township is to sell industrial galas and industrial plots.The residential
township „Indigo Riverside‟ is spread over two lacs square feet. The project
is divided into three phases. The possession for the first phase starts by
March 2011 & third phase possession by December 2012.
Mahavir Garden, Tembhode Post,is a residential project launched by
Mahavir Developers comprising of close to 900 flats has been launched.
The configuration of flats is 1 BHK & 2BHK . There is a plan for a few retail
shops, but apart from that no amenities are being provided.

3. About Master Sun Consulting
Master Sun Consulting is a strategy execution firm. Master Sun
Consulting not only helps develop strategy but also gets actively
involved in implementation. It is our ability to execute and ensure great
business results that differentiates us.Master Sun Consulting helps you
take your business to the next level.
Master Sun Consulting has a division to specifically focus on the real
estate & hospitality segment. In the real estate domain we provide
market analysis, feasibility studies, concept development, sales and
marketing strategies and implementation ,focus groups and qualitative
research, brand building strategy and other related services.
Contact Us
Sarvajeet Chandra
+91 9920803060,sarvajeet@theadiva.com
sarvajeetchandra@gmail.com
Visit Us
www.mastersungroup.com
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