Mahindra Lifespaces Happinest

By Mahindra Lifespaces

Palghar, Mumbai

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Project Type

Multi Functional Apartments




Dec 2020

Carpet Area

322 Sqft onwards

Payment Plan

Construction Linked Plan

Project status

Under Construction

Agreement Value

18 Lakhs onwards

Down Payment Assistance

This calculator helps you with the maximum eligible amount towards interest free down payment assistance under the HomeCapital Program for this property. Please note that the interest free down payment assistance cannot exceed your contribution (i.e. 50% of the total down payment requirements). Kindly fill the basic details below to know your eligible amount.

My Details

Total Home Cost


(A + B + C + D)

A) Homebuyer Savings


B) HomeCapital Assistance


C) Home Loan


D) Balance Payments


Eligibility amount and final approval would be subject to verification of your income and KYC Documents. Click on “Apply” to complete the Application process.

You can see details of your home financial planning.

Project Summary

Happinest –Palghar is a multi-family residential apartments development project across 8.35-acre land built across eleven towers of four floors each. The project is located at Palghar an upcoming micro-market in Thane. The project has close proximity to educational institutions, hospitals, shopping hubs, restaurants and is developed with a new edge facilitating rainwater harvesting and a sewage treatment plant. The project is an under-construction property with an estimated completion date of December 2020. These apartments come with amenities that target to deliver wonderful family moments & memories, at prices that make them possible for you. The project offers common facility-centre, joggers track, badminton court, community hall, cricket pitch, gymnasium, indoor games room and a lot more making it an attractive residential location for the buyers.
  • Palghar station – 6.9 kms
  • Holy spirit high school – 3.9 kms
  • St. John College of Engineering & Technology – 4.1 kms
  • Palghar medical Hospital – 6.4 kms
  • Shopping Centre and Entertainment – 6.9 kms
  • Proposed bullet train to improve connectivity to Mumbai city
RERA Number:

Location Summary

    Palghar is an up-coming suburban micro-market in the state of Maharashtra, close to the city of Thane. Palghar is well connected via road and rail transport. Palghar acts as a divisional head of MSRTC, which provides direct connectivity to several towns across Maharashtra. Palghar is an important railway station on the Western Railway line of the Mumbai Suburban Railway. Along with shuttle services, many long distance trains also stop here. The town has a number of schools and colleges. A number of construction projects have recently been started in the region. There are religious attractions, parks and tourists sites near the project. Palghar has tremendous scope to become a developed town in the near future and attract more residents. These traits of the location prove it to be a smart investment area.

    Project e-brouchure

    Mahindra Lifespaces Happinest Brochure

    * View and download the project documents. The documents have been marked as private and confidential. Please do not distribute.

    About developer

    Core strengths:

    • Strong Financial strength and high corporate governance.
    • A reputable company with over 50 years in real estate with strong execution of 25 projects and with 11 ongoing projects across Mumbai.
    • Experienced and qualified Management, High project handling bandwidth and Strong brand equity in residential and commercial spaces.
    • Achieved milestones and created a brand value across time due to excellence in quality of work and the vision to build a lifelong relationship with its customers.
    Mahindra Lifespaces constantly works on building better spaces and has now pioneered the concept of integrated cities in India with our Mahindra World City developments. Mahindra Lifespaces Developers Ltd, the real estate development business of the Mahindra Group, is one of the leaders in sustainable urbanization, through the creation of residential and unified, still interspersed, large format developments across India. Mahindra Lifespaces has a footprint of over 1.31 million sq.m. (14.06 million sq. ft.) of completed projects and 0.81 million sq. m. (8.7 million sq. ft.) of ongoing and forthcoming projects. Mahindra Lifespaces enables access to affordable housing under the brand name ‘Happinest’. Mahindra Lifespaces consistently focuses on the right balance between people and the environment and has pioneered green living concepts. Thus far, eight Mahindra Lifespaces projects have received Platinum or Gold ‘pre-certification’ from the Indian Green Building Council (IGBC). Mahindra Lifespaces is the first real estate company in India to release its triple bottom-line focused Sustainability Report that is based on the Global Reporting Initiative (GRI) framework and received an A+ rating indicating the highest levels of disclosure and transparency.

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    You can check your home down payment assistance eligibility amount and your home loan eligibility amount using the calculators in the Home Finance section of our website.

    No, we don’t advise users to go for any specific project. We perform an independent analysis on all the listed projects. The homebuyer selects a project depending on its unique parameters like preferred city, locality, budget etc.

    Any resident Indian within the age group of 25 – 58 years with a stable income and sound credit track record looking to buy a home for their family can apply for the HomeCapital Program. Please note that you can avail HomeCapital’s down payment assistance only if you buy your home in the residential projects listed on our Offerings page.

    No. You can avail HomeCapital down payment assistance even without a home loan sanction, provided you undertake to make your balance payments from your own sources or arrange a home loan at a later date.

    Yes, you can apply on our website: to get a pre-approved down payment assistance.

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    The HomeCapital "Portal" and all its contents are only for the purpose of providing information regarding the HomeCapital Down Payment Assistance Program and should not be construed as binding. By using this website, you accept our Terms of Use and Privacy Policy. We are not a lending institution. All loans are made by our financial institution partners. The real estate properties listed on the Portal are not an advertisement or a solicitation and the customer shall independently review and verify the credentials of the project and/or the developer.

    HCPL and it's partners reserve the right to reject any application at any time without notice. To qualify, a borrower must be a Indian citizen and meet our financial partners underwriting requirements. To check for an applicant’s eligibility, our lending partner will request your full credit report from one or more credit bureaus. Not all applicants receive the down payment assistance. To qualify for the program, you must have a responsible financial history and meet other conditions. Assistance limits displayed are indicative, actual limits will depend on number of factors. If approved, your program assistance tenure will depend on a variety of factors, including down payment assistance amount, repayment capacity, a responsible financial history, years of experience, income, home-loan to value ratio and other factors.

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