IMMEDIATE ADVICE REQUESTED

Q: How is Crescent Bay L&T Parel as an investment? WHAT WOULD BE A Correct rate per sq foot for this Property and Ruparel Ariana?
Which would appreciated better in 3 to 4 years from now?

Ramji Patel, Mumbai

6th July 2015

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Replies (1)

Hi Ramji,
The current residential property rate in the Parel is between Rs. 21000-28000/sq-ft. The values may vary depending on the location infrastructure, amenities, facilities and other related issues. Seeing the locality price, i would like to say that you should go with Ruparel Ariana. You are getting it on a good price i.e.18000/sq-ft.. Both the project can offer you good appreciation.

Ketalpujara, Mumbai

8th July 2015

Comment

I think Ketal is right. Parel is one of the fastest growing areas of Mumbai with connectivity to key business districts of Nariman Point & BKC as well as easy accessibility to the airports, malls and hotels.

This project has excellent connectivity with Eastern Freeway and Monorail within 1 km radius, Lower Parel-3 km, Worli-4 km, Prabhadevi-5 km, Fort-9 km, BKC-10 km, Cuffe Parade-12 km, proposed Nhava Sheva Sea Link-6 km.

Shaunak Verdla, Mumbai

8th July 2015

But remember one thing, don't go on brand name. Check all the legal approvals and verify it by local Municipal. Better check the paper with the help of a legal expert because in the absence of approvals, a project get stuck in the middle. Secondly, read all the clauses mentioned in the sale deed, they might add some extra cost in future.

Ketalpujara, Mumbai

8th July 2015