peeya

cheersssssssssssssssssssssss...yipieeeeeee

geeee

People who buy at that rate must be smoking some good stuff.

sagi7

Indiabulls are themselves into finance, good idea to approach them for loan disbursement.

wadia

It is still among the cheapest in the whole of Mumbai, Thane and Navi Mumbai .
For a person who is
- earning 30K per month,
- has a job in navi mumbai
- has saved 6-8 lakhs over the past 10 years
- who is renting at 10K per month for past 10 years
- whose wife is constantly nagging him to buy their own flat,
what are the options??

I think people who are buying at 35K in Bandra or 10K in chandivali, 6K in Mira Road are the ones who are smoking some good stuff

If you came to the MCHI exhibition today, the panvel, dombivali, virar and kalyan stalls were the only ones that were attracting the crowds.
As has the affordability changed so will the demographics.
What's happening in Navi Mumbai today is what happened in Mumbai 10 years ago. As suburbs caught up with the town, panvel will catch up with vashi.

geeee

That doesn't mean that they are great buys. It just means that's what most people can afford. And there's always the maximum demand at the bottom of the pyramid.

I'm not going to compare the people buying in Bandra to those buying outside Panvel. But, the comment was just based on prices in Kharghar. When you can buy at the same rate (3-3.5k) in Kharghar why would someone choose to instead go and buy in the middle of nowhere is beyond me. If it was 2200 compared to 3.5k for Kharghar it made some sense but, when you compare 3.2k for outside Panvel to 3.5k for Kharghar the choice should be obvious.

sonu7778

well wot geee says does make a valid point ,IB or the others dont look too attractive anything above 3000,but to remind u the places in khargar where u can get something for 3500 dont look that gr8 either ,,,,,if beyond panvel is nowhere fr u ,, then these places in kharghar rnt so well placed either ,,,,

wadia

I believe what is in demand (in this case the affordable option) is what is a good buy.

Where in Kharghar do you get 3100?? Even in sector 35A the price is 3500 (small projects, mediocre developer). Any good developer in Kharghar would be charging atleast 4000 (and I dont know any good developer over there). The only good developer I know is Kalpatru (& Hirco :p) but it is in panvel and it is charging 4000 for panvel.

sagi7

The last few posts have been extrememly interesting and Gee, Wadia have made valid points. However, Wadia has a point when price is made as a refrence point. None of the reputed builders are selling at Khargar sub 4000/-. Here I would like to beg to differ with Wadia when he states that Kalapataru & Hirco are the only quality builders. They may be amongst the oldest, but we have now new players like Oberoi, Rustomjees, Wadhwa, Kesar amongst others who are comparable, (last two have properties in Navi Mumbai zone) however they command a premium accordingly.

But purely from an investment perpective if things were to unfold in the next 3/4 years, as has been made out in the news, Panvel will be right there in the thick of the action. In the context of Indiabulls that does not give them a licence to keep hiking the price every couple of months by showing a large tract of land and doing nothing much else. Right now too there are 4 excavators lined up at the property only for exhibition and do not see any serious activity. ( I was told 15/4 was D-Day and hope for all of us who have invested in the property, thats the case)

sagi7

Probably jumped the gun, since had been to the site on Saturday morning, but as of last evening friends who were returning informed fork-lifts and excavators were in action....cheers

frugality

Beneteau yacht for a crore, but not a flat

Anil Singh | TNN



Mumbai:
-A brand new fourseater Cessna 172 aircraft,
-a new Beneteau 35-footer coastal cruiser yacht that can comfortably carry a family of six to Goa,
-three Mercedes ‘C’ class saloons; each of these can be had for one crore rupees.
But raised eyebrows and blank stares is all you will get at the ongoing property expo at Bandra-Kurla Complex if you ask what you can get for this sum. “Please pick up the rate charts from that corner,’’ sales executives at several counters told this correspondent disinterestedly on learning that the budget was a mere Rs 1 crore. It was as if a slum dweller had strayed into a mall.
Nonetheless, if one is willing to visit every stall in the 14,000 sq ft air-conditioned hall put up by the Maharashtra Chamber of Housing Industry (MCHI), one can find apartments costing less than one crore in the municipal limits of Mumbai. Only that they may be in under-construction,standalone buildings on the outskirts of the city or in rundown localities. For instance, a 2BHK flat at Bhandup by Neptune builders measuring 1,000 sq ft (carpet area 700 sq ft) comes for Rs 67 lakhs. The 30-storey building, Flying Kite towers, behind Metro mall, is still under construction.
The more affordable options include a 2BHK flat at Mantri Park, Goregaon (E), off Film City road for Rs 70 lakh. A 1,160 sq ft 2BHK flat at Gundecha Altura, Kanjurmarg (W), LBS Marg, is going for Rs 76.5 lakhs. HDIL is selling 1BHK and 2 BHK flats at Galaxy Apts at Kurla East at 5,251 per sq ft. A 1,035 sq ft, 2BHK flat at ‘US Open’ by Nirmal Lifestyle at Mulund (W) will cost you Rs 85 lakh at Rs 6,552 per sq ft if you are willing to wait four years for possession.
According to builders speing in SRA projects, it is possible to get an 800-sq ft carpet area flat for Rs 80 lakhs in Andheri. MHADA recently sold 2BHK flats with a carpet area of 700 sq ft at Versova for Rs 42.5 lakhs. However, at the MCHI expo, most of the 2BHK flats are tantalising out of reach if your budget is Rs 1 crore. For instance, a 2BHK at Ackruti Shikhar at Parsi Panchayat Road, Andheri (E), will cost you Rs 1.3 cr at Rs 12,500 per sq ft. A 2BHK flat with a carpet area of 775 sq ft at Kohinoor City, which has replaced the Premier auto works at Kurla, comes at Rs 1.18 cr. A 2BHK at Kalpataru Aura at LBS Marg, Ghatkopar, comes for 1.1 cr. Flats at HDIL’s Metropolitan at Andheri are being sold at Rs 11,500 per sq ft and a 2BHK with a carpet area of 765 sq ft costs Rs 1.31 cr. At Ajmera Pristine, Yogi Nagar, Eksar Road, Borivli (W), a 3BHK with an area of 1,595 sq ft can be had for Rs 1.43 cr.
Of course, all these flats come with amenities such as a swimming pool, a gym, a clubhouse, multi-level car parking and the like. But then, it would be much cheaper to live in a trailer, or for that matter in a Beneteau cruiser yacht bobbing on the waves.

Todays TOI ....
Is it not a bubble ? No how it can be ... even though Mumbai these days is costlier then top ten cities ....
And top earners(leave Ambani etc) percapita is at least half of top cities

http://epaper.timesofindia.com/Defau...Mode=HTML&GZ=T