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08-01-09
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Reality of Real state of Real Estate in Navi Mumbai
Hello Forum,
I was wondering, if anybody has inside on the Rates for Properties in Airoli, Navi Mumbai. Recently, I was talking to a group called GoodWill and they wouldn't buzz down on the rates @4650/Sq ft for a super built up area flat. I have decided to stay away for few more months ( or maybe few more years...). Cheers, Vishnu |
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11-01-09
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Vishnu .. just a quick data point to put your query in context .. in early 2005 the rate in a premium tower (Samarth Angan, Samarth Dev Corp) in Andheri, Lokhandwala was at that level .. AND Deepak Parekh was talking of a correction THEN .. so I guess the answer to your query would be apparent .. you have the right thought of waiting .. builders have pumped up rates relentlessly for the last few years .. the talk of correction has just started as late as Diwali .. expecting these wolves to reduce rates in a jiff is living in fool's paradise .. as buyers we need to come together collectively and not fall for marketing tricks and doctore media articles
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