PROPERTY WISE

PROPERTY WISE 

 I have identified a five year old property in Ghansoli Sector - 6 with a total area of 625 sq ft and carpet area is 425 sq ft along with a car parking. The cost of the property as per the owner is Rs. 52,00,000. Is it a good deal or should I look for another property?
•
• The average capital value in the mentioned locality is approximately Rs 5,500-7,000 per sq ft. The price can be negotiated further unless there are other amenities within the residential complex, which can be considered. There is a good supply in this belt and you can look at other properties as well.
I am looking for a 2BHK flat in Navi Mumbai within the budget of Rs 30-32 lakh. Which location would be the best to buy?
•
• The average price of a residential apartment in Ulwe ranges between Rs 4,150 to Rs 4,700 per sq ft and in Panvel the average price of an apartment ranges between Rs 3,600 to Rs 5,000 per sq ft. If you want a ready-to-move-in property in a locality with good occupancy rate, then Panvel is a good option. But if you are looking for investment, then one can look for options in Ulwe or New Panvel.
I want to buy a 2BHK re-sale flat in Jogeshwari West within the budget of Rs 40 lakh. Please advise.
•
• In Jogeshwari West, the average value of a residential apartment starts from Rs 11,500 per sq ft onwards. To buy a 2BHK apartment, one needs to significantly increase the budget.
I want to invest in Panvel. How is the locality in terms of future investment?
•
• Panvel as a location has good future prospects. The investment horizon should be relatively long, approximately seven to 10 years. With the new airport coming up, the prices of this belt are expected to see an uptrend. But if the investment horizon is of a shorter horizon, it might give moderate returns.
How is Badlapur area in terms of appreciation of real estate prices in the next five years?
•
• Badlapur, an extended suburb, about 15 kms from Kalyan, is one of the growing areas in the Mumbai Metropolitan Region (MMR). It is an affordable location in the suburbs with prevailing unit capital value ranging from Rs 2,700 to 3,300 per sq ft. Currently, it has availability of large tracts of land, and some township projects are also coming up in the area. Therefore, seeing good demand for affordable housing from middle class, the area is expected to witness good returns on investment in the long term.
What will be the price for a 1BHK flat of 450 sq ft in Sion for a 50 year old property but well-maintained?
•
• Average residential apartment values in Sion start from Rs 15,000 per sq ft onwards. Being centrally located the area enjoys good connectivity to all the major business hubs such as BKC, Parel, Lower Parel, CST, Mahalaxmi and so on. Good social and physical infrastructure makes this locality a dearer place to live in.