I am looking out for a 2bhk around mumbai (ready possession). My budget is upto 30-35 lacs. So far I have come to know about the locations - Kalyan and Khargar only (for my budget).

My office is at lower parel. But I am ready to commute upto 2 hours one way.

Any advices for the best areas and the properties there???
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  • Just wait for some time.. Currently your budget is not good enough to buy anything in Mumbai. .. . stay on rent for and observe the market.. If it cracks.. buy something.. in any case it should come down.. so don't make any decision now.. It is far too over heated..


    Originally Posted by anita_P
    I am looking out for a 2bhk around mumbai (ready possession). My budget is upto 30-35 lacs. So far I have come to know about the locations - Kalyan and Khargar only (for my budget).

    My office is at lower parel. But I am ready to commute upto 2 hours one way.

    Any advices for the best areas and the properties there???
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  • Neel siddhi project near kopar station (comes before dombivali)...
    Thane - you'll get after suraj water park on Godhbundar road... (u'll have to hunt most probably by visiting the area to get something as near as possible...
    Navi Mumbai - you can get a resale flat beyond sanpada on rail route and in koperkhairane (will be diificult to find without a broker)

    if u don't mind travelling by train ... dombivali project seems the best...
    if u plan to travel by car in future... try navi mumbai... GB road will be also be too far to travel by car though u can...
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  • Thanks for ur reply...

    I am presently staying at Goregaon (E); and paying a rent of 25k p.m. + the monthly expenses of general household bills.

    This amount is pinching me too much; and lately i m thinking that instead of paying this huge amount in rent; paying the installment of your own house is a better option. And the sooner I start, the more I'll be contributing towards building my own property.

    For my budget, Heart of the Mumbai is not an option for me; so I am looking out for the areas around Mumbai (e.g. Kalyan, Khargar in Navi Mumbai, etc.)

    But are you suspecting for property rates to come down in near future (6 months or a year) ?
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  • yes... these areas will suit me.

    I am more interested in a new property than a resale. The thing is I am new to Mumbai (its for last 3-4 months only I am staying here).

    So don't have much idea about the places around; and most importantly not sure, investment in which location will give me more appreciation in far future.

    This weekend I'll try to visit the places Godhbundar Road, Dombivali...to understand these areas and the road connectivity.

    Thanks for your advise though!

    Originally Posted by lmfrz
    Neel siddhi project near kopar station (comes before dombivali)...
    Thane - you'll get after suraj water park on Godhbundar road... (u'll have to hunt most probably by visiting the area to get something as near as possible...
    Navi Mumbai - you can get a resale flat beyond sanpada on rail route and in koperkhairane (will be diificult to find without a broker)

    if u don't mind travelling by train ... dombivali project seems the best...
    if u plan to travel by car in future... try navi mumbai... GB road will be also be too far to travel by car though u can...
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  • ideally the prices should come down as it has escalated 25-40% since March 2010... the prices currently are the peak prices/near peak prices...
    but u never know... though it won't rise by more than 200-300 psf in the next 6 months for sure... sorry, not for sure :)
    welcome to mumbai!!!
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  • Yeah rentals are crazy for the size of the house.. One advice.. when staying on rent in Mumbai.. stay in a older building.. and look for a biggish 1 BHK in a decent society.. they are cheaper..
    Rates are unreasonably high.. it will not climb..
    How do you commute? If it is by road.. look at Bhandup/ Vikroli the other side of Goregaon and your rentals will certainly come down.. if you want and are particular of 2 BHK.. and are okay with the areas..

    Travel in mumbai is simply crazy..

    I think rates will surely come down.. Wait till the festival season if the demand does not pick up.. It is too high to pick up.. but it will be a gradual process.. and its not like they fall overnight..
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  • Godbhunder Road is very far from Lower Parel.. It will fit your budget, but will really b tough on travel.. Remember 2 hours travel on a better day can turn into a nightmare on a bad day which happens often during the monsoons..
    Dombivili is by far a safer bet though I only know a lot of decent UC properties..

    All the best... If you are buying go for the completed instead of UC.. and for a 30L loan EMI will be around 29K to 30K per month for the next 20 years.. Think a lot before making that commitment

    All the best


    Originally Posted by anita_P
    yes... these areas will suit me.

    I am more interested in a new property than a resale. The thing is I am new to Mumbai (its for last 3-4 months only I am staying here).

    So don't have much idea about the places around; and most importantly not sure, investment in which location will give me more appreciation in far future.

    This weekend I'll try to visit the places Godhbundar Road, Dombivali...to understand these areas and the road connectivity.

    Thanks for your advise though!
    CommentQuote
  • Originally Posted by anita_P
    I am looking out for a 2bhk around mumbai (ready possession). My budget is upto 30-35 lacs. So far I have come to know about the locations - Kalyan and Khargar only (for my budget).

    My office is at lower parel. But I am ready to commute upto 2 hours one way.

    Any advices for the best areas and the properties there???


    Buy 1bhk in Thane or Charkop. This will give u good return in 4-5 yrs.
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  • HI Anita,
    I don't think the prices will really fall to the levels that you are expecting. Simply because there are many many like you who are gainfully employed so the minute there is even a 5-10% drop buyers will again flock in to take advantage of the correction and prevent further correction. If it is for your end use I recommend do not try to time the market because majority of opinions including mine are educated guesses which may or may not happen. Same time last year prices were much lower as the economy was in real shambles but now it seems difficult to see prices at those levels. Am glad you are looking at Kalyan and ghodbunder as these are the precise areas where u may get something for ur budget. Though I also feel u may want to look at the remote western railway suburbs as well in view of rail connectivity in a single train to your office. And anyday I think western railway is much more efficient than Central Railway.
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  • Originally Posted by anita_P
    I am looking out for a 2bhk around mumbai (ready possession). My budget is upto 30-35 lacs. So far I have come to know about the locations - Kalyan and Khargar only (for my budget).

    My office is at lower parel. But I am ready to commute upto 2 hours one way.

    Any advices for the best areas and the properties there???



    Hey Anita,
    According to your budget, i feel you should opt for Kharghar. Its a developed node and have good infrastructure in terms of road and transport. You can visit sector 10, sector 34,sector 35, sector 12. In these sectors you may get a 1bhk flat in your budget. Sec 10 is close to railway station and rates are around 4,200 - 4,700 rs/sqft.
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  • in ur kharghar craze, esaque23 you forgot about the 2nd bedroom. Kalyan can probably offer a 2BHK and it is no bad place as such.
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  • Originally Posted by anita_P
    I am looking out for a 2bhk around mumbai (ready possession). My budget is upto 30-35 lacs. So far I have come to know about the locations - Kalyan and Khargar only (for my budget).

    My office is at lower parel. But I am ready to commute upto 2 hours one way.

    Any advices for the best areas and the properties there???


    Hi Anita, since you are new to mumbai you feel traveling upto 2 hours is ok however in a couple of years you will burn out. My suggestion is as follows
    move in to a smaller rental house, it will save you about 10 thousand a month, invest in an upcoming property somewhere in Thane, Kalyan, Dombivli...this will give you capital appreciation in the next 3 years almost 30% a year and after that the rental may be able to take care of part of your EMI's. Till then you can stay in Goregaon or Kandivali or Borivali on rent wherever it is affordable and commute from there. You never know your office could move or you could change your job and your office could be in BKC, Thane, Navi Mumbai, Dombivli and you would probably save the hassle of traveling for 2-3 years for 2 hours each way.

    Another option is that you could buy and stay in Royal Palms though personally I feel that the construction is skewed up, the planning is bad and there is no OC but there are people staying and still it is better than travelling for 2 hours each way.

    If you are planning to visit Dombivli this saturday, you could join mr naveen (from this forum) and myself since we both live in Goregaon east and at least one of us will be driving to Casa Rio. call on 9820610378.
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