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Old 04-04-08   #1
Mitesh
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Question Investment Outlook in Navi Mumbai

recently I visited Navi Mumbai and was shocked to see new development sprouting all around. I met with few builders/developers who were offering flats for 3500/sf to 4000/sf in Kharghar with a potential to go upto 5000/sf to 5500/sf by the end of next year. I am planning to invest in a flat in Navi Mumbai area and looking for some advice from people who have invested. Is it a good time to invest in that area? What are the potential pitfalls? Is it worth to hold on to your investment or sell it?
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