For you, for generations.

Project Overview

About Satellite Elegance

Project Overview

About Satellite Elegance

We’ve been in the business of developing Mumbai real estate since 1970, and we are proud of the fact that we are now inching closer to our half century in 2021. We believe that trust, transparency and confidence in delivery are the key drivers of value in real estate development. With close to fifty years of existence and over sixty projects, we have covered over 5 million sq.ft. We have successfully delivered to assure customers that, one thing that they can do while dealing with Group Satellite is rest easy. Satellite Elegance, the ongoing residential project in Goregaon (E) with a 32 floor tower and 3 configurations of 1 and two 2 BHK apartments boasts of excellent views and amenities for all members of the family.

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50 Years of Legacy

Satellite’s pride in its legacy isn’t in just completing 50 years but the fact that we are one of the key players in Goregaon (E).

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Intelligent Design

At Satellite Elegance contemporary architecture meets functional design.

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Connectivity

Seamless connectivity for an
effortless lifestyle.

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Community Building

We pride ourselves in having
established a strong and reliable
community in Goregaon (E).

Connectivity

Seamless Connectivity for an effortless lifestyle.

banks

Banks

Banks

  • ICICI Bank (130m)
  • SBI Bank (1.5km)
  • Kotak Mahindra (1.6km)
parks

Parks

Parks

  • Aarey Bhaskar Garden (400m)
  • Raheja IT Park (1.2km)
  • International Business Park (1.7km)
  • Infinity IT Park (1.8km)
education

Education Center

Education Center

  • Ryan International School (230m)
  • Podar Jumbo KIds (650m)
  • Gokuldham Medical Center (1.1km)
  • Gokuldham High School (1.1km)
  • Yashodham High School & Junior College (1.2km)
  • Oberoi International School (1.5km)
  • Vibgyor School (1.9km)
  • Whistling Woods International (2.3km)
train

Stations & Bus Stop

Stations & Bus Stop

  • Dindoshi Bus Depot (1.7km)
  • Dindoshi Fire Station (1.8km)
  • Goregaon East Police Station (2.1km)
  • Goregaon Station (3.4km)
health

Healthcare

Healthcare

  • Vasudha Hospital (350m)
  • RadhaKrishna Hospital (400m)

Floor Plan

Combinations flats are also available *

Amenities

Luxurious living at Satellite Elegance without leaving your comfort zone.

Community

Satellite Customers

We pride ourselves in having established a strong and reliable community in Goregaon (E).

NRI Corner

What is meant by a person resident in India?

As per India's Foreign Exchange Management Act (FEMA) 1999, a person resident in India is a person residing in India for more than 182 days during the course of the previous financial year (April-March) and who has come to or stays in India either for employment, business or for any other vocation.

Who is the Person of Indian Origin (PIO)?

PIO means an individual (not a citizen of Pakistan, Bangladesh, Sri Lanka, Afghanistan, China, Iran, Nepal or Bhutan), who at any time held an Indian passport, or who or either of his parents or grandparents were a citizen of India according to the Indian Constitution or the Citizenship Act, 1955.

Who is an NRI?

As per India's Foreign Exchange Management Act (FEMA) 1999, an NRI or Non Resident Indian is a citizen of India or a foreign national of Indian origin living outside India for the purpose of employment, business or any other vocation, which would indicate his intention to stay outside India for an indefinite period of time. An Indian would also be termed as an NRI if his stay in India is less than 182 days.

Do NRIs require consent of the Reserve Bank of India (RBI) to buy immovable property in India?

No, NRIs don't require consent from the RBI to buy an immovable property in India, provided the property is residential or commercial in nature.

Can residential properties owned by NRIs be given for rent if not required for immediate residential use?

The general permission granted by the Reserve Bank allows NRIs to rent out their properties. The income generated is eligible for repatriation.

Are there Any Tax Benefits For Non-Resident Indians buying properties?

No tax benefits are available for NRI's unless you file your returns and subsequently become eligible to avail the tax benefits as mentioned under Home Loan FAQ's.

What are the documents required for obtaining NRI Home Loans?

Apart from the documents mentioned under the home loan section for Indian citizens, NRIs are required to submit a few additional documents as well. These include:
A copy of the passport
A copy of the works contract or the labor card
The power of attorney (POA). (POA is required because the borrower is not based in India

How is the mode of payment for NRI home loans?

The housing loan needs to be paid upfront for the entire tenure of the loan by way of direct remittances from abroad through normal banking channels or from other financial accounts as may be permitted by RBI. Generally, payments are done through NRO, NRE, NRNR and FCNR accounts. These accounts change on the basis of RBI regulations.

What is the repayment period for the home loan for NRIs?

Home loan offered to NRIs do not exceed 5 years in major cases. However, some financial institutions offer loans for a term of 7 years as well. The repayment for the loan is done through monthly installments (EMI), which usually begin after the entire loan is disbursed. Cases which involve part disbursement, you need to pay simple interest at the interest rate applicable on the amount disbursed.

What is the eligibility criteria for obtaining NRI Home Loans?

The eligibility is calculated in the same way as it is done for resident Indians with special emphasis on:
Qualifications - Graduate (minimum)
Current job profile and work experience
Chances of continuing abroad for the loan tenure
Chances of servicing the loan with an extended tenure in case the applicant needs to return to India

What kinds of property can an NRI avail home loans for?

To purchase a house which is either ready to move in, under construction or bought from another owner, an NRI is eligible to apply for home loans. Additionally, NRIs can apply for home loans -
For construction of a property on a plot of land by self
To purchase a plot allotted by a society/development authority
For the purpose of renovation or improvement of an existing property in India

Can proceeds of the sale of such properties be remitted out of India?

In case of residential properties, the repatriation of sale proceeds is restricted to not more than two such properties, if the property was purchased from funds held in an NRE Account. Additionally, the amount repatriated out of India should not exceed the amount paid for acquisition of the immovable property in the foreign exchange received through normal banking channels or from the funds held in FCNR or NRE Account.

Can a home/land be sold by an NRI or Person of Indian Origin without the permission of the Reserve Bank of India?

Yes, the RBI has granted general permission for sale of property. However, where another foreign citizen of Indian origin purchases the property, funds towards the purchase consideration should either be remitted to India or paid out of balances in non-resident accounts maintained with banks in India.

Can an NRI or a PIO or a foreign national of non-Indian origin held any immovable property in India acquired through inheritance from a person resident outside India?

With specific approval from the RBI , a resident outside India may hold an immovable property in India acquired through inheritance from a person resident outside India, provided the owner had acquired such property in accordance with the regulations of the foreign exchange law in force at the time of acquisition or should be under FEMA guidelines.

Can a person resident outside India hold any immovable property in India acquired by way of inheritance from a person resident in India?

Yes. A person resident outside India can hold immovable property acquired by way of inheritance from a person resident in India as per the provisions of Section 6(5) of the Foreign Exchange Management Act, 1999.

Can an NRI/PIO acquire residential/commercial property by way of gift under the general permission available?

Yes. Under the general RBI guidelines, NRI/PIO may acquire residential/commercial property by way of gift from a person resident in India or an NRI or a PIO.

Can a foreign national of non-Indian origin acquire residential property on a lease in India?

Yes. A Foreign National of non-Indian origin including a citizen of Pakistan or Bangladesh or Sri Lanka or Afghanistan or China or Iran or Nepal or Bhutan can acquire residential properties on lease in India. If the lease does not exceed five years, he/she does not require any prior permission from the RBI.

Can an NRI or PIO buy property in India jointly with other Indian citizens/PIO?

Yes.

Can NRI or PIO buy property in India jointly with foreign citizen?

No, an NRI or a PIO cannot buy a property in India jointly with a foreign citizen.

Can an NRI or a PIO or a foreign national of non-Indian origin acquire agricultural land/plantation property/farm house in India?

No. A person resident outside India cannot acquire by way of purchase agricultural land/plantation property/farm house in India.

Is there any limit on the number of housing properties that an NRI can buy?

No. There is no limit placed on the number of residential properties an NRI can buy in India.

Contact Us

On Site Sales Office

Satellite Elegance, Film City Road,
Pankaj Shah Marg, Goregaon (E).
Mumbai, 400063
Phone: +91 9619224444

Head Office

Solitaire Corporate Park, S-14, 7th Floor,
Andheri-Ghatkopar Link Road,
Andheri (E)
Phone: +91 22 6129 6900

Download Brochure

Disclaimer

All the images shown here are tentative, indicative and for representation purpose only. The plans are tentative and subject to approval from respective authorities. The Promoter reserves the right to modify/change/amend/alter the plans without any intimation and obligation. Extent and scope of amenities are subject to variation and approval from authorities. This advertisement does not constitute or form part of an offer and all the transactions in this development shall be solely governed by the Agreement for Sale to be entered into between the parties. The Project is mortgaged to L & T Finance Ltd. and L & T Housing Finance Ltd. and No Objection/ Permission of the said bank/ institution would be provided, if required. Government Fees & Taxes, Stamp Duty & Registration Charges are extra (As Applicable). Other charges payable at the time of Possession are extra and not included in the prices, if any mentioned herein. Terms and Conditions Apply. Project Registered with Maha-Rera under Regn. no. P51800021913 and available at website: http://maharera.mahaonline.gov.in
During these trying times, we at Group Satellite are taking every measure at our sites to ensure the safety of both our clients & staff. In accordance with the latest guidelines from the CDC and WHO we have implemented systems on the regular cleaning of surfaces and staff hygiene
The following measures are been implemented on all our sites:
• We are regularly cleaning and disinfecting the sites, especially spaces that see maximum interaction.
• The sites are equipped with hand sanitizers and client will be first asked to sanitise their hands on arrival.
• Our cleaning staff is instructed to wear surgical masks to ensure safety during the cleaning process.

Privacy Statement

Company recognizes the importance of protecting the privacy of all information provided by visitors of this Website. We have created this privacy statement in order to demonstrate its commitment to user’s privacy.
Our website would follow accepted standards of security and confidentiality of customer data as practiced on the internet.
Except where the users are explicitly informed we do not sell, rent, share, trade or give away any of the user’s personal information to third parties without previous consent of the user concerned. Information of a general nature may however be revealed to external parties, where we feel they can contribute to add value and improve the quality of services imparted by us to you. We shall take all reasonable steps to ensure that the confidentiality of your information is maintained by imposing strict confidentiality standards on all the third parties with whom we part these information. We shall not allow any third parties to retain your personal information longer than what is warranted by the nature of services rendered. The information will be used only for promotional use and cross sell purposes. Every effort will be made to keep the information provided by users with the same degree of care, but no less than a reasonable degree of care, to prevent the unauthorized use, dissemination, or publication of this information as we protect our own confidential information of a like nature.
We would also impart your personal information wherever it is required to be disclosed under law to any of the governmental agency or regulatory bodies.
The user agrees that we may use personal information about the user:
• To serve the user better and provide services requested by the user.
• To improve its marketing and promotional efforts.
• To analyze site usage and improve the Site’s content.
• Product offerings, and customize the Site’s content, layout, and services.
These uses improve the Site and better tailor it to meet the user needs, so as to provide the user with a smooth, efficient, safe and customized experience while using the Site. We also use it to gather broad demographic information about our visitors in general. This information does not contain anything that can identify visitors personally.
The user agrees that we may use his/ her /it personal information to contact him/her and deliver information to him/her/ that, in some cases, are targeted to his/ her /its interests, such as targeted banner advertisements, administrative notices, product offerings, and communications relevant to his/ her/its use of the Site. By accepting the User Agreement and Privacy Policy, he/she/it expressly agrees to receive this information. If he/she/ do not wish to receive these communications, we offer him/her to opt out of the receipt of certain communications in his/her profile. It is the belief by us that privacy of a person can be best guaranteed by working in conjunction with the Law enforcement authorities.
The Company shall not be responsible for any technical failure or malfunctioning of the software/ hardware or delays of any kind.

Disclaimer

All the images shown here are tentative, indicative and for representation purpose only. The plans are tentative and subject to approval from respective authorities. The Promoter reserves the right to modify/change/amend/alter the plans without any intimation and obligation. Extent and scope of amenities are subject to variation and approval from authorities. This advertisement does not constitute or form part of an offer and all the transactions in this development shall be solely governed by the Agreement for Sale to be entered into between the parties. The Project is mortgaged to L & T Finance Ltd. and L & T Housing Finance Ltd. and No Objection/ Permission of the said bank/ institution would be provided, if required. Government Fees & Taxes, Stamp Duty & Registration Charges are extra (As Applicable). Other charges payable at the time of Possession are extra and not included in the prices, if any mentioned herein. Terms and Conditions Apply. Project Registered with Maha-Rera under Regn. no. P51800021913 and available at website: http://maharera.mahaonline.gov.in
During these trying times, we at Group Satellite are taking every measure at our sites to ensure the safety of both our clients & staff. In accordance with the latest guidelines from the CDC and WHO we have implemented systems on the regular cleaning of surfaces and staff hygiene
The following measures are been implemented on all our sites:
• We are regularly cleaning and disinfecting the sites, especially spaces that see maximum interaction.
• The sites are equipped with hand sanitizers and client will be first asked to sanitise their hands on arrival.
• Our cleaning staff is instructed to wear surgical masks to ensure safety during the cleaning process.

Privacy Statement

Company recognizes the importance of protecting the privacy of all information provided by visitors of this Website. We have created this privacy statement in order to demonstrate its commitment to user’s privacy.
Our website would follow accepted standards of security and confidentiality of customer data as practiced on the internet.
Except where the users are explicitly informed we do not sell, rent, share, trade or give away any of the user’s personal information to third parties without previous consent of the user concerned. Information of a general nature may however be revealed to external parties, where we feel they can contribute to add value and improve the quality of services imparted by us to you. We shall take all reasonable steps to ensure that the confidentiality of your information is maintained by imposing strict confidentiality standards on all the third parties with whom we part these information. We shall not allow any third parties to retain your personal information longer than what is warranted by the nature of services rendered. The information will be used only for promotional use and cross sell purposes. Every effort will be made to keep the information provided by users with the same degree of care, but no less than a reasonable degree of care, to prevent the unauthorized use, dissemination, or publication of this information as we protect our own confidential information of a like nature.
We would also impart your personal information wherever it is required to be disclosed under law to any of the governmental agency or regulatory bodies.
The user agrees that we may use personal information about the user:
• To serve the user better and provide services requested by the user.
• To improve its marketing and promotional efforts.
• To analyze site usage and improve the Site’s content.
• Product offerings, and customize the Site’s content, layout, and services.
These uses improve the Site and better tailor it to meet the user needs, so as to provide the user with a smooth, efficient, safe and customized experience while using the Site. We also use it to gather broad demographic information about our visitors in general. This information does not contain anything that can identify visitors personally.
The user agrees that we may use his/ her /it personal information to contact him/her and deliver information to him/her/ that, in some cases, are targeted to his/ her /its interests, such as targeted banner advertisements, administrative notices, product offerings, and communications relevant to his/ her/its use of the Site. By accepting the User Agreement and Privacy Policy, he/she/it expressly agrees to receive this information. If he/she/ do not wish to receive these communications, we offer him/her to opt out of the receipt of certain communications in his/her profile. It is the belief by us that privacy of a person can be best guaranteed by working in conjunction with the Law enforcement authorities.
The Company shall not be responsible for any technical failure or malfunctioning of the software/ hardware or delays of any kind.