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Home > Forum > Mumbai > Investment Advice > Investment in Gangapur Road

Investment in Gangapur Road

Q: How is flats in Gangapur Road for investment purpose? I need to buy a flat in Gangapur Road (Nashik) and want to give it on rent. Please advise.

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1
In the past one year, the locality has seen a price appreciation of about 25% because of good demand from investors and buyers. One of the reasons for good demand for properties in Gangapur Road is the good connectivity to the Satpur industrial area, city center and neighbouring cities. Due to high demand and availability of plots, developers are coming up with 2 and 3 BHK apartments in Gangapur Road in the price range from Rs 4,500-5,500 per sq ft. Properties which are more than three years old are sold at Rs 1000- 1500 per sq ft which also adds profit to the developers.
Suresh Khanna


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