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Flates

Last updated: May 1 2012
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  • Flates

    Hello friends,

    Can you please suggest me is it wise to pay 30 Lacs for 2 BHK in Zirakpur near VIP road or National highway!! please suggest.
  • #2

    #2

    Re : Flates

    Originally posted by martinford View Post
    Hello friends,

    Can you please suggest me is it wise to pay 30 Lacs for 2 BHK in Zirakpur near VIP road or National highway!! please suggest.
    No. I would personally not invest in a flat in Zirakpur at this time. Again this is my personal opinion. I would also look at the construction quality before making the decision. I have significant flat investments in Mumbai and can usually tell good construction from Bad. During my recent visit to Chandigarh, I saw some of the worst construction in Zirakpur and Sunny Enclave. I can compare the construction quality in one of the properites in sunny enclave to Slum redevelopment flats being built in Mumbai.

    Yes their will be appreciation, but their are a few takers for flats when you want to sell it, so be prepared to wait a long time to realize your gains. I would keep a 5 year horizon if investing in flats.

    Moreover, consider a very important risk factor.. If their is a housing bust in India, flats in Chandigarh peripherry will be hit the most. I have seen this with Condos in the US.

    --NChopra

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    • #3

      #3

      Re : Flates

      Not a good idea for investment purpose. You can think about it if you are thinking to buy it for yourself.

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      • #4

        #4

        Re : Flates

        bhai saab zirakpur mein flats ko flates kehteh hain kya??????????



        just adding a bit of spice dont mind

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        • #5

          #5

          Re : Flates

          Originally posted by Harsimran View Post
          bhai saab zirakpur mein flats ko flates kehteh hain kya??????????



          just adding a bit of spice dont mind

          Looks like you are enjoying your day off at last !!!!

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