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Originally Posted by kedarp
2. Overall project will take many many years to complete. But again good thing is most of the amenities are cluster wise. So for every 6 buildings there are set of amenities. So I will have to wait till only my cluster to complete.
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I currently live in brahma sun city on a rental basis . My owener booked the flat at around 2200 psf 4 years back . currently they are quoting 6000psf for new the buildings coming up in 2013.
I believe if the project has a good off-take the builders themselves eventually raise the price . Hence the reason the open booking in phases to estimate market response.
I think the project can appreciate by 2016 the estimated time line for completion of all buildings
Quote:
Originally Posted by kedarp
3. Appreciation will be slow as there are more and more townships are coming. But I am seriously thinking to move here in another 2-3 years and not to sell it. So appreciation is symbolic.
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True. But Megapolis is supposedly the ceapest. For Ex. Kolte Patil is coming up with a 400 acre township near munjri (Hinjewadi) and they quote 3000psf while they have nothing on ground. Atleast with Megapolis so see some construction happening.
Would love to know your views on this as I am seriously contemplating to buy a house in Megapolis