Om Sai Ram Infra - Con
Builders & Developers
I have been watching the real estate market for some time and have some information to answer this question.
It's a good time to invest especially when elections are over and the market is stabilizing again.
Over the past few years, the inception of RERA act and stricter watch on the developer activity has helped Mumbai reinstate buyer confidence into the slumping realty market. Now, things have changed quite a bit and Mumbai is inviting investments from all over the world.
Price hikes will increase as time progresses and people who buy property can expect healthy appreciations. The bottomline is that you hold the property for atleast 3 years to enjoy minimum tax hurdles as well as get a good increase in the property price.
Talking of projects in Navi Mumbai, there is a lot of development going on and options are vast. The investment opportunities are many but the investment bracket is constricted. One would require area expertise to know how much to invest in the property to make real gains out of it. It's something that someone who has kept a close watch over the trends can tell.
I would suggest that investing in Mumbai is profitable right now but requires a good realtor/broker to select a good location. There's nothing wrong with Navi Mumbai as such but project selection and forecasting can only be done by a local expert.
Well, it’s difficult to say that what would be the right time to invest in Navi Mumbai real estate. The reason is, day by day new residential projects are introducing and the numbers are thus uncountable. Navi Mumbai is the place where recently many new projects have come up while others are still under construction. Taloja is the area in Navi Mumbai which is recently very developing and has become the center of attraction of the builders. Hence, many top builders have started their residential projects. Recently there is news that Arihant Anaika 4 is the upcoming residential project which has all the modern facilities with spacious rooms and also many other facilities. This is under CIDCO and is close to Kharghar station. So, you can check this area and keep an eye on the new residential projects.
Well, this is next to impossible to say which area in Navi Mumbai will give the best returns in the next 5 years. As Navi Mumbai is an integral part of Mumbai which has many small stations and day by day this area is growing and developing. Hence, I think that you go anywhere in any part of Mumbai city, you will see that the constructions and buildings are growing year after year and hence it would be difficult to judge that will specifically Navi Mumbai will give more returns or any other area of Mumbai.
Dont listen to the bulder and bank gang. Laugh at people who bought houses and are paying EMIs. Just wait for real estate to crash by 80% — Yes go look at Crude oil, copper and the recent VIX charts. There is a massive and thundering stock market crash waiting to happen because IT companies will double the salaries and hire more people. Ha ha ha. If you are still not convinced read this article and wait for the crash then pickup at 80 % discount.Why It's Plain Stupid To Buy A House In India