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The Rainforest by Mounthill Realty in Rajarhat, Kolkata

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The Rainforest by Mounthill Realty in Rajarhat, Kolkata

Last updated: 3 days ago
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  • The Rainforest by Mounthill Realty in Rajarhat, Kolkata

    Hello everyone, its nice to find such proactive and intuitive blogs and opinions on Kolkata RE, especially for people who are out of touch with kolkata RE ambience.
    I have been doing some research of my own for a good property but as most of kolkatatians am confused on the state of affairs.
    Perfectly good locality (central, bypass & south kolkata before garia) are out of reach for working professionals (except NRIs) , north kolkata till airport, belgoria are gud for end user but i feel have less appreciation potential. And since i am from madhyamgram and have a home there, no point in going for birati, sodepur, barasat triangle.
    So logically narrowing my horizon to newtown, rajarhat for after 5-10 yr+ settlement and without burning a hole in my pocket in my late twenties.
    From my point of view i believe investing in gud projects at inception or soft launch with reputed builders can be gud for value capturing. Some gud projects which i missed out on are Eco-Rishi, Ideal Aqua view,Bellagio etc and some co-op societities ( though i m not certain about these co op generics looking fr a 10+ yr settlement).
    Coming to the point , i have recently was going through a project by a developer frnd and the project is rainforest( around 2 kms inside after rajarhat chowmatha on main road). Location was immediate turnoff inspite of project size 50 bighas(G+11,g+16,G+24 with commercial plans also). the only hope is dat if some link from akankha moore / synthesis building near eco park/ proposed rajarhat expressway springs up to connect to rajarhat main road which we all know is very subjective. Now da teaser is the rate , for an investor option ( which benefits me personally) dwn payment~ 60% before launch+ 40% after (negotiable coz of frnd developer) less than 2k/sq ft u get in any on G+11 towers (proposed G+16, G+22 phasewise). For a 1500 sq ft with all amentities u barely pay 30 lacs (all inclusive). I have gone around dat area twice though roads are bad and its only village fields, big projects are coming up like anything (Vishveswara, mounthill fusion , etc ).Now is there something dat we consumers dont know or is it a pure gamble investing in such areas???????
    Last edited November 8 2016, 12:08 PM.
  • #2

    #2

    Re : The Rainforest by Mounthill Realty in Rajarhat, Kolkata

    Seeking advice

    Almost 100 view, but no reply......
    Can anyone advice on the matter !!!!

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    • #3

      #3

      Re : The Rainforest by Mounthill Realty in Rajarhat, Kolkata

      Taptu .... the location is remote and without any connectivity planned or possible, the potential is limited as of now. The price is good, in fact it hardly covers the construction cost of a G+12 highrise. At this price point, definitely there is scope for appreciation if the construction starts and progress. To me, its a high risk but definite moderate gain scenarion.

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      • #4

        #4

        Re : The Rainforest by Mounthill Realty in Rajarhat, Kolkata

        thank sumanb, very insightful. I also agree with the same. But i dont want to wry about spilled milk again coupled with the fact so many big projects like visveswara, essence and couple of others are springing up in those locations ( more than 4000 flats now + 10K more in next 5 years atleast) and what i hear people are booking it.

        5K+/sq ft in Newtown Action Area vs 2K/sq ft in a 2-5KM periphery outside of New town??? which has a better appreciation potential in a already hyped RE market with scare project/land availability with low-middle income population ??? Would welcome suggestions of alternative locations also.

        Salt lake / Keshotpur analogy to be considered but not completely as most of the plots lying around are been bought by promoters only ,which farmers are giving up as long as they get market price!!!
        Last edited January 9 2014, 03:39 PM.

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        • #5

          #5

          Re : The Rainforest by Mounthill Realty in Rajarhat, Kolkata

          My friend - just one point and my personal viewpoint - if the location is too remote, the gestation period of the investment goes up dramatically. The economy and kolkata's specially is questionable to certain extent if you consider IT growth, the main driver of Rajarhat market. You might get a low price, but the question is are you willing to bet another 10 years to see if it will mature? As for me, I will be not... This means, I will probably be better off in small ticket at a better location with higher price point.

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          • #6

            #6

            Re : The Rainforest by Mounthill Realty in Rajarhat, Kolkata

            @gharondabhai- ur comments plz?

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            • #7

              #7

              Re : The Rainforest by Mounthill Realty in Rajarhat, Kolkata

              Leaves me completely CONFUSED !!! SIDDHA HAPPYVILLE vs Mounthill Rain Forest (both have Uncertainty over launch dates) OR should I go for Jain's DREAM PALAZZO ??!! Bt whatever blogs that I have read discourages me to invest in this group/Project !!!
              Experts Plzz Help !!

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              • #8

                #8

                Re : The Rainforest by Mounthill Realty in Rajarhat, Kolkata

                I visted the site recently , to me its not far from city centre 2.. gotta find more about its completion. and other risks...

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                • #9

                  #9

                  Re : The Rainforest by Mounthill Realty in Rajarhat, Kolkata

                  Did anyone book flat in Rainforest? Can anyone clarify the risk related with rain forest?
                  Do you also know about?
                  1. Expected timeline for "On sanction & Sale Agreement"
                  2. Expected timeline "Foundation"

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                  • dippomanmukherjee41
                    Editing a comment
                    Hi,
                    Did you book any flat at rainforest ??
                • #10

                  #10

                  Re : The Rainforest by Mounthill Realty in Rajarhat, Kolkata

                  My 2 cents - Don't get trapped into Pre-Launch projects because of lower rates. Try to find RTM or Near Possession apartments even if it costs 30-35% higher. Simple reason for that is these small ticket, low priced but big sized projects gets delayed most of the time. And if you add up interest costs with the base PSF rate of purchase + mental hassles + opportunity cost you shall be paying much higher than what you perceive. Finally its your money, your decision.

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