jyotikrag

Hi

Does anybody has an idea about rangoli gardens project co-developed by Ashiana Housing and Mangalam Developers. Am staying in Mumbai and planning to invest in a flat there and any views/thoughts would be welcome.

Thanks

abhaykhanna

Hi,

The chances of development of the area for this particular theme is very less and your investment will take time to boom up ,though as a suggestion i can tell you that I had just invested in the project named Blue Forest Resort jaipur which has also been rated as no.1 project for investment purpose by Times of India. Its totally a new conceptual property with the highest returns available in Real Estate Market and that too in comparative prices. This can be said as a property having comfortable living and also an earning member of family. For more details, can also visit their website www.icarusbuilders.com

Regards,
Abhay

gotiyaa

Hi,

I have looked into the financials of Ashiana and been through their Investor call-con. The promoters are very hopeful of this project as it is located very close to an existing well-established residential area (Vaishali Nagar) and has a very good planned layout. Though the entire project will take around 5 years to complete, the Phase I is expected to roll out in nearly 2 years. The mid-rise 3 bhk have skeletons ready upto 3rd floor and the excavation of Phase II high-rise is in progress.

They are quoting a price of 1830 psf right now and the upside potential of this property is really good. Expect a price of around 2200-2300 in April 2011.