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- New construction is always better if getting almost the same rate. Check out 1 BHK in Tarapore Towers in Oshiwara also, has nice big flats with balconies and great location. Otherwise 1 BHKs will only be available in main Lokhandwala, and old MHADA flats in Oshiwara/4-bunglaw.CommentQuote0Flag
- sensible investment.
SH-Saxena - How expensive do you think Tarapore tower would be... any idea? I have been asked to go and look for a flat in OAKLAND park which I have heard is very posh, with amenities and parking which come along with the flat. Which is a plus but bit secluded.
I have seen one in tarapore gardens which is about 30 year old buildings, didn't excite me much. The layout is quite boring. Although they say its 550sq ft built up and carpet is around 500sqft.
Abhishek, thanks for your insight in the investing part of it.
To buy a flat for investment might be easy to buy any decent flat which would be kept for rental income only but What I feel is that the money which is lying in bank is not giving me anything at the moment (dont have any FD's), therefore want to make a sensbile buy of a flat which later on if I need I would live there or buy another one by selling it, to buy a better and bigger flat for myself.
ENTRY in buying a flat which is expensive 90lakh (assuming 20K EMI), might be easy but then EXIT may not be easy.. this is where I am not sure and herefore bit hesitant.
Is buying a 1 bhk in Andheri worth 90Lakh sensible and safer. Or go for more developing areas like goregaon, where appreciation might be better in the time to come.
Please drop in your thoughts of wisdom.
- Tarapore Towers would be 15-20 yrs old probably. They have 1 BHKs in around 600 sqft size I think. Prices would be ranging around 15000/sqft. The good thing is that being old building, you get less loading & more carpet area and good location, the negative thing is obviously the old construction, no frills kind of building.
Appreciation would be more in under-construction properties. If your reason for buying is investment, then better off to buy in underconstruction in Goregaon/Malad etc.CommentQuote0Flag