I want to invest in a flat purely fr investment... wud ull suggest virar global city ..or kalamboli or new panvel??

Q: My budget is abt 30 lacs

natasha, Apartment Resident

22nd July 2014

Investment Advice in Mumbai

real estate

real estate mumbai

project review

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investment advice in mumbai

buying property in virar west

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rustomjee global city avenue

rustomjee developers

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Replies (20)

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Menelik joy,

12th July 2025

Comment

Hi friends!!
I would like to tell you that which Tier-1 city has no water and electricity issue. Water and electricity is in our hand and we should use it in a proper way excess and unnecessary use of water and electricity may result in scarcity.

Virar Global City designed over a 217 acres of land. It is a self-sufficient township located in a flourishing city of Virar. Every aspect of the township whether it is living spaces, educational institutes, wide roads for easy flow of traffic, rain water harvesting system for efficient use of water or sewage treatment plants that help conserve water, is well planned and thought of. But we have to use those facilities in a proper way.

Purva Parundekar, Mumbai

29th June 2016

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Hi all,
I would suggest you to think twice before buying flats in Global City, Virar. As it is came to know that there are water and electricity issue in the society. Even they have given possession of the flat after long delay.

Miraniyatin, Mumbai

29th June 2016

Comment

Yes, It is absolutely unfair and you must think twice before booking any projects in Mumbai. Check all the legal approval, project connectivity, civic amenities, neighborhood issues, construction quality etc.

There is no bus stand in rustomjee clobal city, virar west, there are so many people who daily travel to thane because of job, and every day they have to go to bus stand to catch the bus as bus stop is not there near Rustomjee international school.

Anup Patil, Mumbai

29th June 2016

Prefer Pune over Mumbai, Mumbai has lost its charm already.

Hardik C Choksi, Apartment Resident

11th June 2016

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Which is a better place for investment in comparison , Palghar or Khopoli or Ghodbunder road in the budget of 30 to 35 lakhs

Interscope Real Estate, Mumbai

22nd July 2015

Comment

I think Ghodbunder Road in Thane would bes the best destination for your property investment. While property prices in Thane have seen a hike, none have witnessed a hike as steep as the Ghodbunder Road, mainly due to its proximity to nature and fast pace of development coupled with Government's proposed plans to increase connectivity. Real estate experts believe that property buyers here have enjoyed a 300% growth in the last 5 yrs.

Sandeep Mhatre, Mumbai

24th August 2015

You are right Sandeep,
Thane enjoys superb connectivity to Navi Mumbai as well as to the Eastern and Western Suburbs of Mumbai via Ghodbunder Road, JVLR, SCLR, Eastern Freeway, NH 8, Mumbai-Nashik Highway and the Thane-Belapur Road. Future connectivity plans include the proposed metro rail that would run along the Ghodbunder Road with more than 10 halts within Thane itself. With the metro, the travel time between Thane and Wadala is expected to reduce by half.

Rakshit, Mumbai

24th August 2015

Hi Guys,
New Panvel will also be a good option for the first time buyer or the investor. It is an upcoming residential and commercial node currently being developed by CIDCO in the Panvel region. The area is situated strategically on the eastern side of the Mumbai-Bangalore National Highway and Mumbai-Pune Expressway. It also lies adjacent to the upcoming international airport. A Reliance SEZ is also proposed in the locality, However, it is currently stalled due to land acquisition issue.
.

khushisha, Mumbai

15th July 2015

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It's true Khushisha,
Property prices in Panvel and New Panvel are very low compared to several expensive suburbs in Mumbai. the WAP in Panvel has been in the range ofRs 3000-4700/sq-ft., till recent times, which is very low in comparison to the expensive Mumbai suburbs such as Andheri, Bandra and Juhu, where the average property value is in the range of Rs 15000-30000/sq-ft.

Sanjana Jain, Mumbai

15th July 2015

Hi everybody,
Here is the report of Panvel and New Panvel real estate overview which can help you in your property buying decision. Click the link Panvel and New Panvel Real Estate Overview

Anuradha Jain, Noida

16th July 2015

Hi Ketal & Daya,
Apart from that price appreciation of the last year was quite lucrative. Ulwe in Navi Mumbai is developing at a very fast rate. Within a time period of 4 years property prices have become more than double. For example, projects launched at Rs 2000-2500/sq-ft are now available at Rs 5225 to 5750/sq ft.

Rakshit, Mumbai

25th June 2015

Comment

Hi everybody,
According to me, the apartments price in Ulwe have remained constant for past 3 qtrs. The developers in the area are cutting their prices a little. So this might be the right time for you to invest in a property in Ulwe. Some of the growth factors in the locality are proximity to Navi Mumbai International airport, well connected with the important Thane-Belapur Road through the Uran Road which also connects it with the JNPT Road.

Ketalpujara, Mumbai

25th June 2015

Comment

I think Ketal is right,
Ulwe has one of the largest SEZs in India is being set-up in Navi Mumbai, under the careful supervision of CIDCO. Seeing the current real estate market in Navi Mumbai, i would suggest you to go for Ulwe. Ulwe in Navi Mumbai is the India's best destination for residential property investment for long term around 5 years. So invest there with a reputed builder and in good location. Annual return would be around 30% subject to growth and risk factors.

Dayananda, Mumbai

25th June 2015

Hi,
Here are the list of property available for sale in Ghodbunder Road, Thane within your budget. For more details such as price, possession, sizes, availability etc. click the link Property for sale in Ghodbunder Road, Thane

Or,

You can call on this toll free number (1800) (180) (180) (180) Or You Post your Requirements to get matching properties details on your Email and Mobile.

Ramesk Polekar, Mumbai

9th September 2014

Comment

Hi,
New Panvel and Kharghar are better prospects for you, considering the built quality of establishments in Ulwe currently are below par without many reputed builders investing. residential properties are a safer bet compared to commercial properties, since the resale does not entirely depend upon the market conditions. Residential properties are generally brought by salaried executives on loans, commercial properties are generally brought by Business for setting up their businesses. Though commercial properties can get you a better rent, residential properties can ensure you a stable rent with a budget of 35 lakhs, panvel would be a better prospect in terms of ROI and appreciation.

Abhishke Karule, Mumbai

28th August 2014

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Well Abhishke,
Would it be possible for me to buy a decent 1BHK in panvel for Rs. 30 lacs as an investment where in Panvel should I buy it and what will the appreciation be in the next 3-5 years including stamp duty and everything.

Shantanu Kumar, Mumbai

28th August 2014

Okey,
As i can see, your budget is Rs. 30 Lacs, you will find maximum new projects coming up in Khandeshwar, Karanjade and Palaspe Phata areas of Panvel. The social infrastructure however is still developing and hence these areas can be opted by investors or those who are looking to settle down after 5 to 6 years. So, investment purpose it is good bur if you r thinking about as a end use visit the location and its connectivity.

Abhishke Karule, Mumbai

28th August 2014

Hi,
Panvel is presently the most improved area around all the hubs of Navi Mumbai. Initially Panvel was uncovered 300 years back, now it is; no doubt a truly arranged city and the most advanced one. Due to the quick advancement in land of Panvel and its connectivity with Pune and Alibaug, individuals from that point are getting investment in the land of Panvel.
Panvel is quick turning into the passage hub between Mumbai Pune and southern Maharashtra. Nearness to Mumbai and Pune remains its greatest stake.

Deepankar Godbole, Mumbai

11th August 2014

Comment

Hi all,
I think you can fetch excellent returns in 1-2bhk flats on gb rd which should be located close to the main Ghodbunder Road. General understanding is to hold a property for atleast 3-5yrs to fetch excellent returns.

Shantanu Kumar, Mumbai

5th August 2014

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@Shantanu,
As rightly said by Mr Shantanu this area is one of the fastest developing areas of Thane , go for a ready possesion property . It will have fetch you good returns than a Under Construction property within 2-3 years of time frame.

Abhishke Karule, Mumbai

5th August 2014

Wat Is d rate n do u hv any properties In mind

natasha, Apartment Resident

5th August 2014

instead of investing in virar , you people may be bttr of investing in shilphata near dombivili where there is a whole township coming up or in ambivili , both are good from investment point of view as well as rental perspective.

sudhir, Mumbai

31st July 2014

Comment

Hi Sudhir,
I think Virar West will be the best option for investment point of view. Project like Rustomjee Global City Avenue, sprawling over 217 acres of land offers 1/2/3/4 BHK residential flats from 412 - 1335 sq-ft. and the price will be Rs. 38.74 lacs to Rs. 1.25 crore onward. I think it's affordable at the same time good locality for investment.

Kishore Pathak, Mumbai

18th May 2015

Hi,
For more details of this project click the link Rustomjee Global City Avenue, Virar West

Or,

To get best deal on it list your requirement here or you can call on this toll free number (1800) (180) (180) (180) Or You Post your Requirements to get matching properties details on your Email and Mobile.

Syed Ali Khan, Hyderabad

19th May 2015

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sudhir, Mumbai

31st July 2014

Comment

I have no knowledge about mumbai area related to property but have a few knowledge about real investment property brisbane.

propertyinvestmentbrisbane, Mumbai

24th July 2014

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Hi,
I want to invest in virar, what is per sq ft rate u can expect from builders in virar? What will be the best place to buy/invest in a flat?Will it be Palghar, Boisar, Badlapur, Nerul, Virar. Where will the Appreciation value will be the highest in the next 4 to 5 years from now?Please suggest me ASAP as I am looking to buy a Flat at the earliest.

Ramesk Polekar, Mumbai

23rd July 2014

Comment

Hi,
As far as my knowledge is concerned Virar is one of the localities in Thane which have seen an appreciation over 20% in the couple of years. The area offers excellent connectivity with good social and civic infrastructure. The area is well connected to other parts of Mumbai city through Western Experessway. The current property prices in the area are 4500 to 6500/sq-ft. Other localities of Thane such as Palghar, Boisar, Badlapur, Nerul have also seen growth but not as much as Virar. Properties in these localities range from 2600 to 3600/sq-ft.

Deepankar Godbole, Mumbai

23rd July 2014

Global city is quoting 4200 /sq ft..is DAT too steep...how much acc to d experts sud we pay /sqfeet

natasha, Apartment Resident

23rd July 2014

Hi,
A 2BHK flat in Virar which offers possession in next 2 to 3 years will cost you around Rs 25-30 lakh. The size of the flat is starting from 700-900 sq-ft. As far as the infrastructure is concerned, the area has everything in the vicinity. Schools, hospitals, banks, grocery stores. Moreover Virar does not have water shortages as three rivers Tansa, Vaitarna and Surya, flow via Virar. It is also close to Western Express Highway (5 km) and Virar Railway Station which adds advantages to the location.

Deepankar Godbole, Mumbai

23rd July 2014

Comment

But which is best option plot or residential property and in which place of mumbai? If residential then which one is better under construction or ready to move?

Ashish Bhoite, Mumbai

23rd July 2014

Well,
In your budget, it is hard to get a residetial plot in Mumbai but Naigaon, Vasai and Khopoli are some of the areas that have residential plot available within Rs 25 lakh to Rs 30 lakh. Apartments on the other hand are available in Virar, Vasai, Nallasopara, Kalyan and Naigaon. Both plots and apartments have their advantages and disadvantages. Plots are getting less available in Mumbai and their prices are bound to increase. This can be benefitial for an investors while the end-user should also consider the additional cost of construction. Apartments give good returns in short and long term depending on the area and they have no extra cost. Under construction properties are good if you are looking for investment or are hoping to move in after few years. Benefit of ready to move in property is that either you can move in quickly or you can give it on rent and sell it after some years.

Deepankar Godbole, Mumbai

23rd July 2014

I wud want it to appreciate ..I'm worried DAT kalamboli d prices may stagnate or fall

natasha, Apartment Resident

22nd July 2014

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