Rates in kondhwa - Indian Real Estate Forum

ashishporwal86 · 11-06-09

Hey friends m looking forward to purchasing a property in kondhwa area. I m totally ignorant abt this area. Any information from your side would help.

hitmady · 11-06-09

Which part of Kondhwa (Khurd or Budruk)?

Khurd is quiet developed and may command rates between 2200-2700 psft. Budruk is semi-developed. Rates shud be below 2000 psft for new properties.

Rate will highly depend on quality/location of property and amenities provided.

ashishporwal86 · 12-06-09

Thanks.. Let me noe if there are any good projects in this area wit their rates if possible.
Appreciate ur help

hitmady · 13-06-09

Don't know what is good rate in this ongoing recession.

Below is my conclusion for current RE market:

1. Rates are still higher. The way it has climbed in last 5 years (almost tripled), there is more downward correction left.
2. It has fallen by more than 10% in last one year.
3. I wud wait for 1-2 years or when it's affordable me.
4. Can see a trend, where lot of resale flats are available.
5. For good bargain, I would first try for a resale ready-possession flat (3/4 years old building) rather than under-construction project.

11-06-09	#1
ashishporwal86 New Member Join Date: May 2009 Posts: 14 Thanks: 0 Thanked 0 Times in 0 Posts	Rates in kondhwa Hey friends m looking forward to purchasing a property in kondhwa area. I m totally ignorant abt this area. Any information from your side would help.

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11-06-09	#2
hitmady Senior Member Join Date: Jun 2009 Posts: 791 Thanks: 24 Thanked 2 Times in 2 Posts	Which part of Kondhwa (Khurd or Budruk)? Khurd is quiet developed and may command rates between 2200-2700 psft. Budruk is semi-developed. Rates shud be below 2000 psft for new properties. Rate will highly depend on quality/location of property and amenities provided.

12-06-09	#3
ashishporwal86 New Member Join Date: May 2009 Posts: 14 Thanks: 0 Thanked 0 Times in 0 Posts	Thanks.. Let me noe if there are any good projects in this area wit their rates if possible. Appreciate ur help

13-06-09	#4
hitmady Senior Member Join Date: Jun 2009 Posts: 791 Thanks: 24 Thanked 2 Times in 2 Posts	Don't know what is good rate in this ongoing recession. Below is my conclusion for current RE market: 1. Rates are still higher. The way it has climbed in last 5 years (almost tripled), there is more downward correction left. 2. It has fallen by more than 10% in last one year. 3. I wud wait for 1-2 years or when it's affordable me. 4. Can see a trend, where lot of resale flats are available. 5. For good bargain, I would first try for a resale ready-possession flat (3/4 years old building) rather than under-construction project.