Investment Outlook in Navi Mumbai - Indian Real Estate Forum

04-04-08

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?

din · 04-04-08

Hi Mitesh,

I also visited Navi Mumbai recently and my observation was the same. I am planning to purchase an appartment in Khargar and also on Palm Beach. Do let me know if you get any responses from local people or investors from the area re potentials

Thanks
Dinesh

ash khan · 04-04-08

I believe you'll should wait for 2 to 4 months because experts predict that Real Estate prices might fall atleast 20% between 2 to 6 months. Also, April and May is vacation time in India so if during these two months builders don't find many buyers then monsoon is slack season, result of all this sure real estate prices will fall.

06-04-08

You sure have raised a very good point regarding seasonal fluctuation. I live in USA and I have seen seasonal fluctuation affecting real estate market. How much does seasonal fluctuation affect the market, especially new construction?

04-04-08	#1
Mitesh Unregistered User Posts: n/a	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?

04-04-08	#2
din New Member Join Date: Mar 2008 Posts: 2 Thanks: 0 Thanked 0 Times in 0 Posts	khargar Hi Mitesh, I also visited Navi Mumbai recently and my observation was the same. I am planning to purchase an appartment in Khargar and also on Palm Beach. Do let me know if you get any responses from local people or investors from the area re potentials Thanks Dinesh

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04-04-08	#3
ash khan New Member Join Date: Dec 2007 Posts: 18 Thanks: 0 Thanked 0 Times in 0 Posts	I believe you'll should wait for 2 to 4 months because experts predict that Real Estate prices might fall atleast 20% between 2 to 6 months. Also, April and May is vacation time in India so if during these two months builders don't find many buyers then monsoon is slack season, result of all this sure real estate prices will fall.

06-04-08	#4
Mitesh Unregistered User Posts: n/a	You sure have raised a very good point regarding seasonal fluctuation. I live in USA and I have seen seasonal fluctuation affecting real estate market. How much does seasonal fluctuation affect the market, especially new construction?