INVESTING IN A HOUSE PROPERTY - VISHWAS KADAM REPLIES TO QUERIES

Suhas asked, Alibaug it seems is u r forte whats the right price for a home in Alibaug? And do u think it’s the location for middle class?
Vishwas Kadam answers::, HI Suhasss, Alibag is definitely a location for middle class as it is close to Mumbai and to make our homes accessible and affordable in the SUB 50 Lakh budget.
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Varun asked, Hi Vishwas , I have a house in choul in Alibag. However, it’s difficult to maintain. Is there a company that can maintain it for me?
Vishwas Kadam answers::, Hi Varun, this is excatly why we advise to invest in fully serviced gated communities as opposed to building on your own.
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Ranjit asked, in mumbai, which areas are likely to appreciate due to the new air port in Navi mumbai- which specific area in Navi Mumbai is likely to appreciate the most?
Vishwas Kadam answers::, Hi, Kharghar and Panvel.
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Mahendragade asked, What are your views on Nagpur Real Estate (on Wardha Road near MIHAN Project)?
Vishwas Kadam answers::, Hi , that is a perfect area in Nagpur to invest.
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Nayak asked, which are the areas where if you invest there could be potential growth on the western line in mumbai ?
Vishwas Kadam answers::, HI, Goregoan could be a good potential.
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Ameya asked, Hi, Which areas in and around Mumbai are worth investing? Can you specify a few names of the areas?
Vishwas Kadam answers::, Hi Ameya, Panvel -Alibag, are great bets to invest in.
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Hiren Shah asked, Vishwas Kadam answers:, How about Mumbai Western Suburb - Dahisar Miraroad , Virar for investment and @ what rate one should invest such places?
Vishwas Kadam answers::, Hello, Dahisar Miraroad would be around 3500-4500 per sqft.
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Alan Dsouza asked, Hi ..What are rates of property in panvel and alibagh.
Vishwas Kadam answers::, Hi Alan, Panvel is around 2000-3000 per sqft and Alibag is about 4500 and up for luxury homes.
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Hemal asked, JUST WANT TO KNW IS a RETURN OF RECESSION possible soon in REAL ESTATE INDUSTRY??
Vishwas Kadam answers::, HI Hemal, recession is related to lot of cumuliative factors, and if real estate pricces escalate too quickly it could lead to a recession.
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Deepak Hasani asked, Hi Vishwas Kadam answers:I am Deepak from Pune. I want to buy a 2BHK in outer areas of Pune. Do you think prices will go down to 2000 Rs/feet in near future, as currently it looks like prices are in the range of 2500 -3000 Rs/square feet.
Vishwas Kadam answers::, HI Deepak, i think the prices will go down. AS too much of supply is hitting the market.
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Nithya asked, Hi Vishwas . Since you have already mentioned that this is a good time to invest in property, can you tell me how long this period is. I am newly married and want to know from when can I start thinking about buying a house.
Vishwas Kadam answers::, HI Nithya, now to 6 months is a good time frame to buy a house.
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Ramesh Jha asked, Hi Vishwas , I am looking at buying property in alibag but my budget is only 30 lacs. could you recommend a project for me.
Vishwas Kadam answers::, Hi Ramesh, we have just introduced a project called Samira Lofts in Alibag which is in the 25 Lakh budget.
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NDBansode asked, i am planning to buy a 1 bhk house in vikhroli, the builder is quoting 61 lakhs. is it realistic.
Vishwas Kadam answers::, HI, its too expensive.
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Ajay asked, Is buying a house in Nashik a good investment option ?
Vishwas Kadam answers::, HI Ajay, yes it is a good option.
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Sach asked, Hi Vishwas , I am looking to buy 1BHK apt. in Mulund West, what is the best price I should go for it?
Vishwas Kadam answers::, HI Sach, Mulund best price would be between 4500 to 5500per sqft.
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MumbaiHome asked, I am planning to purchase 1 BHK Flat for self occupation purpose in kandivali west area. Resale flats are available at price of 7500 - 8100 / SQ Feet in good locality. Are these price good to buy. I am taking 80% loan.
Vishwas Kadam answers::, HI, YES they are good prices.
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KOLI asked, IS THIS RIGHT TIME TO BUY HOME? IN VASHI-KOPARKHAIRNE, NAVI MUMBAI
Vishwas Kadam answers::, Hi Koli, yes it is the right time.
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Nafis asked, I am from Mumbai , I want to buy home at vasai for investment purpose . can you tell me this is right time or I have to wait
Vishwas Kadam answers::, Hi Nafis, i think its the right time to buy before the rates shoot up.
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Nakool asked, Hi Vishwas , Can you put some light on what will be total money spent if I buy 2BHK with 1000 sq. ft area at rate of 3300 Rs. per sq ft. in Kharghar area. I want you to put some light in additional charges like car parking, stamp duty, registration and maintenance and any other charges that I might have missed to mention.
Vishwas Kadam answers::, Hi Nakool, stamp duty will be roughly 6% and the car parking charges would be 1-2Lakhs depending on the developer, maintenance charges should be 4-5rupees per sqft.
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Devendra Kumar asked, I am staying at Panvel and planning to invest in 2BHK flat in Panvel itself, will there be rise in price due to Airport which is planned at Panvel.
Vishwas Kadam answers::, Hi Devendra, there will be rise in prices in Panvel due to the airport and planned infrastructure for improved connectivity with Mumbai.
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sanju asked, hi i am from mumbai -malad I have been waiting to buy property from log Sime. I want to know are the property rates are going to slash in mumbai ? can I buy my dream house
Vishwas Kadam answers::, HI Sanju, the property rates are not likely to slash any further. If anything we expect them to go up.
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Rajendra asked, Hello Vishwas , Hello Mihir, There are many questions on Hyderabad real estate status. Is it advisable to sell the property now? Would you be kind enough to give your view on this?
Vishwas Kadam answers::, HI Rajendra, I would advise to hold on to the property.
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Manas asked, Hi, I would like to know which Tier-II city I should invest so that in future even if I want to relocate I can live a pleasant life- Bhopal Indore Nagpur Thanks// Manas..
Vishwas Kadam answers::, Hi Manas, I think Nagpur is the best option.
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RV asked, I've been offered an interest rate of 8% for the 1st year and 9% from 2nd year for a total period of 18 years. Is it ok or I can wait for some more time?
Vishwas Kadam answers::, HI rv, the rates are not expected to reduce any further. So its not worth waiting.
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Chirag Chandiwala asked, It’s unfortunate that people started investing in Real-estate; middle class cannot afford a house any more...
Vishwas Kadam answers:, Hi Chirag, there are products for all different budgets in the market now, if you are open to moving little further away from city centre. For instance, great rates are available outside of mumbai in areas such as Vashi, Thane etc. And these are mostly township development with lots of amenities as well and proximity to train station for easy commute.
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ongc asked, how much is the anticipated correction at mumbai
Vishwas Kadam answers:, Hi Ongc, correction in Mumbai has already taken place especially in area like South Mumbai and Bandra. In fact property rates are going back up again.
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Ary asked, I am from Mumbai , I am Planning to buy a flat at Wakad -, Hinjewadi near sayaji Hotel , Pune. What is your opinion will this area give me better returns ? At present the rates in that area are around Rs. 2700-2800 psf. This is purely for investment purpose and I want to give it on rent. Please advice
Vishwas Kadam answers:, Hi Ary, Pune is not the best place for investment. Since there is a lot of supply compared to the demand also bulk of the demand was based on foreign companies and IT industries both have been badly hit by recession, if you are looking at investment opportunities areas close to tier one metro such as Panvel Alibag etc are better opportunites.
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Chatwal Biren asked, When it is not a good time not to buy a property
Vishwas Kadam answers:, Hi, a year back was a very bad time to invest in property since prices were highly inflated and lending rates were high as well.
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V Raj asked, Hi, past two years I am waiting for price to go down in Chennai, but the price is still at the higher end. What shall I do, do you think the price will come down or it will go up further in this situation?
Vishwas Kadam answers:, HI, lot of questions on property prices. Generally speaking across the country because of recession prices have rationalized and bank lending rates are also reasonable. Prices are only going to go up from here so this is a good time to buy property.
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Baiju asked, I am planning to buy a 3 BHK flat at kharghar sec-12. Is there any chances that the real estate prices is likely to go down due the water supply problems for high rise building?
Vishwas Kadam answers:, Hi Baiju, not really , we are not expecting the prices to drop any further
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Bis asked, In kalamboli area adjacent to Kharghar how good is Rs 2950 per sq feet, plot is 12.5% GES
Vishwas Kadam answers:, Hi Bis, it depends on who the developer is, if it’s a premium developer and there is an incremental charge due to brand and quality of construction then its a good price. But, if it’s a local developer then it’s high.
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Suma asked, I have to buy 3 BHK row house
Vishwas Kadam answers:, Good areas such as Alibag are good bets to invest in 3BHK row houses.
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Pina Shah asked, I am planning to buy a flat, please tell me weather it is the right time to do the same or the interest rate are going further down?????
Vishwas Kadam answers:, Yes, it is a good time to buy. Interest rates may go down but property prices may go up. Its a good balance at the moment
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Harshal asked, Prices for Apartments have gone exorbitantly high...I don't see a market for buyers, but am wondering on how do Construction Co & Other House owners manage to sell a premium.
Vishwas Kadam answers:, It’s a demand and supply equation, metros like mumbai have limited new products and a lot more buyer to buy them which hikes up the prices.
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