As a leading real estate property advisor with strong emphasis on in-depth research, Square Yards has started a new series, wherein popular properties in India & abroad will be compared with the help of companys proprietary tool namely Project Comparison Tool. The tool enables user to compare multiple number of projects across a range of key factors, leading to informed decision.
In the first analysis of the series, Square Yards conducts comparison of Omkar Ananta & Alta Monte -Two of the highly sought after properties in the Mumbai region. The former is located in Goregaon East, while the latter is located on Malad, both the locations coming under the Western Mumbai Micro-market, according to the classification done by Square Yards.
Project Class: Although developed by the same developer, Alta Monte comes under the luxury segment. In contrast to the same, Ananta comes under the premium segment. Alta Monte has a range of option comprising of 2, 3, 4 & 5 BHK. Ananta has only 2 BHK units.
Connecting Road: Located near to each other, Alta Monte has slight edge as the project is located at a distance of less than 500 meters to Western Expressway- One of the main lifeline of Mumbais road transport. Compared to this, Alta Monte is located at a distance 3.3 KMs from Western Expressway.
Connectivity: In order to gauge properties, Square Yards Comparison tool has a key dimension called Connectivity. As the name suggests, it analyzes the connectivity of a property. It finds the aggregate distance of a particular property from a predefined number of prominent key locations in a city. These key locations involve major shopping destinations, office locations, tourism hot-spots, hospitals, education centers & many more. Based on the aggregate distance, a score is given, wherein a higher score indicates lesser distance.
With connectivity score of 9.8 & 9.9 out of 10, both the project offers tremendously powerful connectivity and are at par with each other.
Lifestyle: It is the sum total of all the major amenities present in a property. In terms of Square Yards Lifestyle parameter, Ananta has an edge over Alta Monte with a score of 8.6 against 7.1. (Although the latter comes under premium segment).
Livability: The Square Yards Livability parameter is a tool to understand the degree of livability of a project on account of the social infrastructure present in the nearby vicinity. It is based on the number school, colleges, hospitals, banks, ATM & other civic amenities present within a radius of 2 KM of the project.
According to the Square Yards Livability index, Ananta once again has an edge with a score of 8.3 against a moderate score of 6.1 scored by the Alta Monte.
Value for Money: Capitalizing on all the parameters, the Value for Money tells the ultimate value of a property in terms of connectivity, lifestyle & livability in tandem with the price involved.
In the context of the two given properties, Ananta with a score of 7.3 scores significantly above its counterpart, which has a score of 4.3. The high score secured by Ananta could be explained on the backdrop of better lifestyle & livability scores coupled with the cost effective price. Alta Monte being relatively older to Ananta has a price of INR 13,750 PSF, whereas Ananta has a price of INR 12,800 PSF.
Square Yards Verdict: The Square Yards Project Comparison Tool, which is based on the comprehensive analysis of the two properties across major parameter indicate Ananta as the clear winner without much doubt. Similar sentiments are also reflected by the Square Yards sales force deployed in the Mumbai region. They believe Ananta has a slight edge above Alta Monte and offers a better option to both investor as well as end user.
However it should be noted that Ananta will take another 1-2 years to be fully completed. In contrast Alta Monte is slightly older and certain number of apartments will be completed in next 6-7 months. Hence buyers, which are looking at a shorter time span to move should look towards Alta Monte as an optimum project.
