Revolutionizing Affordable Housing: Green City Neral Launched in Mumbai

SBD Group launches Green City Neral, an affordable housing project in Neral, Mumbai, offering 1 BHK flats starting at ₹14.99 lakh with a direct subsidy of ₹2.5 lakh under PMAY scheme.

Affordable HousingGreen City NeralSbd GroupPmay SchemeMumbai Real EstateReal Estate MumbaiSep 07, 2024

Revolutionizing Affordable Housing: Green City Neral Launched in Mumbai
Real Estate Mumbai:Neral, Mumbai, is set to witness a new era in affordable housing with the launch of Green City Neral, a project by SBD Group, a renowned name in real estate since 1997. This ambitious development aims to revolutionize the concept of accessible housing in the Mumbai Metropolitan Region.

Located in the heart of Neral, Green City Neral offers 1 BHK flats starting at ₹14.99 lakh, after incorporating a direct subsidy of ₹2.5 lakh under the Pradhan Mantri Awas Yojana (PMAY) scheme. This pricing strategy, coupled with a zero-stamp duty policy, makes it an attractive option for first-time homebuyers.

The project's strategic location, within walking distance of Neral Railway Station, ensures excellent connectivity to Mumbai and Pune. Its proximity to major industrial hubs like Badlapur and Ambernath MIDC creates an environment of residential comfort and career opportunities.

Green City Neral is designed as a self-sufficient township with a wide array of amenities. Residents will have access to a clubhouse, swimming pool, gym, jogging track, and cricket turf. The development also includes essential facilities such as a school, hospital, grocery stores, and other daily necessities, fostering a complete community living experience.

Set against the backdrop of the Matheran Hills, the project offers a serene living environment, making it an ideal choice for those seeking a balance between urban conveniences and natural surroundings. The emphasis on green spaces and sustainable development aligns with the growing demand for eco-friendly living options.

To make homeownership even more accessible, SBD Group is introducing the 'Pehla Ghar' PMAY Lottery Campaign. This initiative will run from October 1st to December 31st, 2024, with results announced on January 1st, 2025. The lottery system aims to provide a fair chance for aspiring homeowners to secure their dream home at the special price of ₹14.99 lakh.

Adding to the project's appeal, SBD Group is offering a 36-month interest-free EMI option, further easing the financial burden on buyers. This customer-centric approach reflects the company's commitment to making homeownership a reality for a broader segment of society.

About SBD Group
SBD Group is a prominent name in real estate since 1997, with a proven track record of delivering quality projects. Their commitment to innovation, sustainability, and customer satisfaction has earned them a reputation as a trusted developer in the industry.

Information
The Pradhan Mantri Awas Yojana (PMAY) scheme is a flagship program of the Government of India, aimed at providing affordable housing to the Economically Weaker Sections (EWS) of society. The scheme offers a direct subsidy of up to ₹2.5 lakh to eligible beneficiaries, making it easier for them to own a home.

SBD Group is a leading real estate developer in India, with a portfolio of residential and commercial projects across the country. Their mission is to create sustainable, eco-friendly, and affordable living spaces that enhance the quality of life for their customers.

Frequently Asked Questions

What is the price of 1 BHK flats in Green City Neral?

The price of 1 BHK flats in Green City Neral starts at ₹14.99 lakh, after incorporating a direct subsidy of ₹2.5 lakh under the PMAY scheme.

What are the amenities offered in Green City Neral?

Green City Neral offers a wide array of amenities, including a clubhouse, swimming pool, gym, jogging track, and cricket turf, as well as essential facilities such as a school, hospital, and grocery stores.

What is the 'Pehla Ghar' PMAY Lottery Campaign?

The 'Pehla Ghar' PMAY Lottery Campaign is an initiative by SBD Group to provide a fair chance for aspiring homeowners to secure their dream home at the special price of ₹14.99 lakh. The lottery system will run from October 1st to December 31st, 2024, with results announced on January 1st, 2025.

What is the interest-free EMI option offered by SBD Group?

SBD Group is offering a 36-month interest-free EMI option to further ease the financial burden on buyers.

What is the background of SBD Group?

SBD Group is a prominent name in real estate since 1997, with a proven track record of delivering quality projects. Their commitment to innovation, sustainability, and customer satisfaction has earned them a reputation as a trusted developer in the industry.

Related News Articles

The Emotional Journey of Buying Your First Home: Expert Tips and Insights
real estate news

The Emotional Journey of Buying Your First Home: Expert Tips and Insights

Purchasing your first home can feel like an arranged marriage, heavy on emotions. Experts share key advice to help you navigate this significant life step.

April 26, 2025
Read Article
Mumbai Sees Record-Breaking Property Registrations in March Ahead of Reckoner Rate Hike
Real Estate Maharashtra

Mumbai Sees Record-Breaking Property Registrations in March Ahead of Reckoner Rate Hike

Mumbai witnessed a significant increase in property registrations in March 2025, driven by the impending hike in reckoner rates. The real estate market experienced a surge as buyers rushed to finalize their purchases before the increase took effect.

April 2, 2025
Read Article
ITC's Strategic Pulp and Paper Acquisition: A Green Move for Growth
Real Estate

ITC's Strategic Pulp and Paper Acquisition: A Green Move for Growth

ITC's acquisition of Aditya Birla Real Estate's pulp and paper business is a strategic move to capitalize on the growing demand for eco-friendly packaging solutions. This deal is expected to expand ITC's capacity and strengthen its market position.

April 2, 2025
Read Article
Mumbai Dominates India's Data Centre Landscape with 54.9% Market Share
Real Estate Pune

Mumbai Dominates India's Data Centre Landscape with 54.9% Market Share

India's data centre capacity has grown by 21% in the first half of 2024, with Mumbai leading the pack. Chennai, Bengaluru, and Pune follow closely behind.

August 5, 2024
Read Article
Realty, IT, and Consumption Sectors Set to Drive Next Growth Cycle
Real Estate

Realty, IT, and Consumption Sectors Set to Drive Next Growth Cycle

The real estate, IT, and consumption sectors are poised to spearhead the next phase of economic growth, driven by a combination of robust demand, technological advancements, and strategic government policies. This article delves into the key factors that

December 16, 2024
Read Article
Amazon Plans to Downsize: 14,000 Managerial Roles at Risk by 2025
Real Estate

Amazon Plans to Downsize: 14,000 Managerial Roles at Risk by 2025

E-commerce giant Amazon is considering a significant reduction in its managerial workforce, with up to 14,000 roles at risk of being cut as early as 2025.

October 5, 2024
Read Article