Quote:
Originally Posted by highrisemumbai
Hi NRI Mumbai
Since you are looking at this property as a vacation home cum investment property and you live in the US, I have the following suggestions
1. Instead of a row house from not such a known developer, go in for an apartment say about 2-3 bhk with a known developer in Dombivli, Kalyan, Panvel etc. with facilities like swimming pool, club house etc so that you can enjoy your vacation thoroughly
2. You could also look at buying into a hotel room in Goa. So basically what these hotels do is sell out rooms, give you assured returns, also gives you about 20-30 days of vacation time...so you have a vacation home that is looked after, that pays you and you get to enjoy all the benefits. Starts about 25 lakhs so it will fit in your budget as well.
All the best.
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I agree with option 1. I will hesitate recommending option 2, because the system is not well developed. It may be better to buy a bungalow somewhere in Goa (Given the current prices it may be not be your 1sy choice location, but there sure is room for appreciation).