Puranik Rumah Bali Project Review

Q: Can somebody tell me how many phase are there in this project and when will it be ready to occupy??

Kishore Pathak, Mumbai

11th February 2014

Residential Project Review in Puranik Rumah Bali Phase I, Ghodbunder Road, Thane

price appreciation

builder experience

project approval

property in thane

price details

apartments in thane

flats in thane

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Replies (6)

Mr Rakshit,
It is a very good investment location and the actual returns will depend on market forces but in the long-term, they will give you very good returns because of well planned infrastructure facilities available. Moreover returns are subject to market risks involved and market factors which have a direct impact on real estate sector.

Sankalp, Mumbai

11th February 2014

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Hello,
How do you see the prospects of Ghodbunder road? There is a lot of construction activity going on there. The rates in good projects there are around Rs 10000 per sq ft. Do you think it would provide 20% appreciation year-on-year for first 5 years now?

Rakshit, Mumbai

11th February 2014

Comment

Hi Sandeep,
Many leading banks like HDFC, SBI, India Bulls and ICICI banks are offering finance for this project. It is upto you to decide whether you are opting for fixed method or floating method. In case you are going for long tenure repayment, then I suggest fixed method is the ideal one to opt for.

Shrikant Kejriwal, Mumbai

11th February 2014

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Yeah you are right Mr Shrkant. In fixed method your interest rate remains fixed throughout the period you are taking loan, where as if you go for floating method, interest rates keep varying in and down. If the rates are down then ok, but the rates go up then you need to pay higher interest.

Ashish Sharma, Mumbai

11th February 2014

Oh Kool!!!! Which banks are offering finance for this project and which is the best method to opt for home loan. ie should I go for fixed method or floating method. Need your suggestions regarding this matter as I planning to buy a 1 BHK in Phase 1.

Sandeep Mhatre, Mumbai

11th February 2014

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Hey Sunil,
Can you tell me what is the price for 1 BHK in this project and the area of the flat since I have plans of booking a 1 BHK flat in Phase 1.

Arup rajan, Mumbai

11th February 2014

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In fact they are charging Rs. 47.90 lakhs for 1 BHK flat in Puranik Rumah Bali. The 1 BHK has an area of 630 sqft. The builder is quoting Rs. 7600 as rate per sqft.

Suresh Khanna, Mumbai

11th February 2014

Dear Kishore,
Heard that Puranik Rumah Bali consists of 3 Phases. Work has already been commenced for Phase 1 and likely to get completed by Dec 2015. Most probably Phase 3 will be ready to occupy by mid 2016 as per builders schedule.

Sunil Joshi, Mumbai

11th February 2014

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