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60L, Thane Vs Khargar, Mumbai : Investment Options

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60L, Thane Vs Khargar, Mumbai : Investment Options

Last updated: December 28 2011
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  • 60L, Thane Vs Khargar, Mumbai : Investment Options

    I'm totally confused as to which would be the most wisest investment decision with regards to location within mumbai. I am hoping the wise people on this forum can help me arrive at a decision.

    I'm looking to invest in a project around 50-60 lakhs (could go up to 65 max), since i'm gonna be out of India for the next couple of years, i plan to pay down the loan in that time. Now the confusion is which area would give me more ROI

    1. Invest in thane, around ghobunder rd or somewhere around, dunno if i'll ever use it, but could put it on rent

    2. Invest in navi mumbai, specifically kharghar, as friends suggest that it's gonna go up in value substantially in the next few years, otherwise i have no interest in this area

    3. Any other areas with potential, pls suggest
  • #2

    #2

    Re : 60L, Thane Vs Khargar, Mumbai : Investment Options

    usadesi is not my another nick. Thank you

    Comment

    • #3

      #3

      Re : 60L, Thane Vs Khargar, Mumbai : Investment Options

      Originally posted by rawa13 View Post
      usadesi is not my another nick. Thank you
      Huh ???

      Comment

      • #4

        #4

        Re : 60L, Thane Vs Khargar, Mumbai : Investment Options

        Since you are saying the word investment.. I would advice you to wait until the festival seasons... Prices across mumbai and outskirts are record high.. If the demand does not pick up thro' the festival season.. a correction can be expected.. If there is sales at this price.. maybe you can go ahead and invest in Thane or New Panvel.. in that order
        Buy a fully constructed house to an under construction.. if things go bad in realty.. atleast u will have a home..

        Comment

        • #5

          #5

          Re : 60L, Thane Vs Khargar, Mumbai : Investment Options

          Originally posted by Sharpj View Post
          Since you are saying the word investment.. I would advice you to wait until the festival seasons... Prices across mumbai and outskirts are record high.. If the demand does not pick up thro' the festival season.. a correction can be expected.. If there is sales at this price.. maybe you can go ahead and invest in Thane or New Panvel.. in that order
          Buy a fully constructed house to an under construction.. if things go bad in realty.. atleast u will have a home..
          Thanks for the response, I will be waiting till december, since i'm currently out of the country. I agree about possible falling prices, that is what i'm secretly hoping, for prices to be more affordable by the time i'm back, mumbai RE seems crazy right now, but i had played the waiting game in 2007 and look what happened after 2007, unbelievable. I fear that if i don't invest right now, i may get priced out of mumbai market if prices go up much further.
          I used the word invest, because, the apartment would not be for my personal use, per se, i might put it on rent, but don't have any plans to stay in the flat, as of now atleast. I'm looking to invest for atleast 5-6 years prior to disposing of it, so i think i 'might' be able to ride out any dip in the market ( or so i'm hoping).
          You've put thane ahead in your preference, any specific reason behind that ? Thane hasn't gone up much in comparison to navi mumbai, in this past decade, do you think it might appreciate more than kharghar going forward? This is where my dilemma circles around. What boggles my mind is even though places like kharghar that come under raigad dist, they are still seeing huge demand and unrealistic price tags ( is it because the mumbai in navi mumbai, gives people a false sense of security ? because let's face it it's not mumbai). Some people are predicting skyrocketing price rise in areas like kharghar and panvel in the next 3-4 years, dunno how much to believe though.
          Last edited July 16 2010, 05:26 PM.

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          • #6

            #6

            Re : 60L, Thane Vs Khargar, Mumbai : Investment Options

            About a month ago, I arrived on this forum with similar introduction and request for help. See my thread on Kharghar.

            Originally posted by usadesi View Post
            Huh ???

            Comment

            • #7

              #7

              Re : 60L, Thane Vs Khargar, Mumbai : Investment Options

              Prices even if they do not correct.. might not go up significantly. Do not get stressed on the fact that you will get out-priced.. It is the affordability that is fueling demand in Navi Mumbai, Thane..
              This is my view.. Mumbai sure is saturated.. and also I always felt growth follows good infrastructure... The fact that they made the Mumbai Pune highway and improved infrastructure with better roads.. and you see the results .. Yes there will be growth in Navi Mumbai, but I also feel that there will be growth in the Thane side also.. If you would have seen.. the Nashik Mumbai highway is being silently built and that road is fantastic now. The only problem is rail.. There is not much railway growth there, but it will happen.
              Even if the airport is built in Navi Mumbai, if you are able to reach it in a decent time .. it is good.. Also I do not think there will be too much growth around the gujrath side of Thane district as I believe sadly all the Indian governments never collaborate.. especially when we have opposing parties ruling both states.. But who knows.. Indian people are fickle and things can change either in Guj or Mah..
              So finally.. Capital appreciation + average rentals Thane.. Decent rentals+ Av Capital appreciation = Navi Mumbai
              See this is my analysis.. it is a risky call, wait till december.. prices are not going anywhere in Mumbai..


              Originally posted by usadesi View Post
              Thanks for the response, I will be waiting till december, since i'm currently out of the country. I agree about possible falling prices, that is what i'm secretly hoping, for prices to be more affordable by the time i'm back, mumbai RE seems crazy right now, but i had played the waiting game in 2007 and look what happened after 2007, unbelievable. I fear that if i don't invest right now, i may get priced out of mumbai market if prices go up much further.
              I used the word invest, because, the apartment would not be for my personal use, per se, i might put it on rent, but don't have any plans to stay in the flat, as of now atleast. I'm looking to invest for atleast 5-6 years prior to disposing of it, so i think i 'might' be able to ride out any dip in the market ( or so i'm hoping).
              You've put thane ahead in your preference, any specific reason behind that ? Thane hasn't gone up much in comparison to navi mumbai, in this past decade, do you think it might appreciate more than kharghar going forward? This is where my dilemma circles around. What boggles my mind is even though places like kharghar that come under raigad dist, they are still seeing huge demand and unrealistic price tags ( is it because the mumbai in navi mumbai, gives people a false sense of security ? because let's face it it's not mumbai). Some people are predicting skyrocketing price rise in areas like kharghar and panvel in the next 3-4 years, dunno how much to believe though.

              Comment

              • #8

                #8

                Re : 60L, Thane Vs Khargar, Mumbai : Investment Options

                Orchid Ozone at approx 5000 per sq feet is still a good investment opportunity, with low risk and prospective good rental income

                Comment

                • #9

                  #9

                  Re : 60L, Thane Vs Khargar, Mumbai : Investment Options

                  Buy investment property on kandivali(w) link road, don't go for kharghar at present if you are thinking of investment only. Kharghar is over priced and will remain in similar situation for next 3-5 yrs till the time investment inventory is available.

                  Thane is another good option, NOT GHODBUNDER ROAD AREA. But it will take min 10 yrs to give u good return.

                  Originally posted by usadesi View Post
                  I'm totally confused as to which would be the most wisest investment decision with regards to location within mumbai. I am hoping the wise people on this forum can help me arrive at a decision.

                  I'm looking to invest in a project around 50-60 lakhs (could go up to 65 max), since i'm gonna be out of India for the next couple of years, i plan to pay down the loan in that time. Now the confusion is which area would give me more ROI

                  1. Invest in thane, around ghobunder rd or somewhere around, dunno if i'll ever use it, but could put it on rent

                  2. Invest in navi mumbai, specifically kharghar, as friends suggest that it's gonna go up in value substantially in the next few years, otherwise i have no interest in this area

                  3. Any other areas with potential, pls suggest

                  Comment

                  • #10

                    #10

                    Re : 60L, Thane Vs Khargar, Mumbai : Investment Options

                    One has noticed that the prices for RE have significantly escalated since Jan 2010. However for ready possession in new buildings in quite a few localities there has been a sizable scope for negotiation. Lets put it this way, were you to seriously buy a ready possession flat, especially in Mulund/Thane and Navi Mumbai Kharghar beyond there have been couple of instances where the deal has been struck at 5/15% less than the declared price. It may not be across the board, however whereever there is inventory there is good chance of a sizable discount.

                    Comment

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