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Old June 11 2009, 01:38 PM   #1
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Question 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.
 
Old June 11 2009, 07:55 PM   #2
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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.
 
Old June 12 2009, 05:55 PM   #3
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Thanks.. Let me noe if there are any good projects in this area wit their rates if possible.
Appreciate ur help
 
Old June 13 2009, 01:43 AM   #4
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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.
 
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