Is it safe to invest in this project

Nuzhat, Mumbai

11th April 2017

Investment Advice in Olympeo Riverside, Neral, Mumbai

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Hi, Olympeo Riverside an integrated township spread over 40 Acres. It offers 1500 plus apartments of Studio, 1, 2 & 3 BHK. It is a gated Community with G4 & G7 buildings with Lift. Sizes of the studio apartments will be 298 sq.ft. 1BHK from 391-396 sq.ft., 2BHK in 560 sq.ft. and 3BHK in 694 sq.ft. and its current rate is Rs.2800 per sq-ft.

Rakshit, Mumbai

19th April 2017

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Apart from that, the New Panvel Matheran Neral Bhimashankar State Highway which is under construction, once completed will prove to be a major plus point for this area. It will reduce the travel time from Panvel. Presently, it takes around 45 kms to cover 20 kms distance, saving upto 45 minutes of travel time. Also I have read somewhere that proposed Panvel to Karjat single track which is now used only for cargo, two line railway will also benefit this area. Overall, locality looks good for end users as well as for investors.

Bikram, Mumbai

19th April 2017

Comment

I am agree with you both. A recent survey suggests that there are 10000 apartments being built in Neral alone. This area is balanced to witness a increase in rates as the area develops with further development of social infrastructure. The first mall has already been announced in Neral and other entertainment/ shopping and food locations are not going to be far behind.

Shrikant Kejriwal, Mumbai

19th April 2017

Hi Nuzahat, Neral has seen lots of development in the last 2-3 years. This locality is becoming the hot bed for affordable housing in the Central Suburb side. Do not think about the pollution and heavy traffic and general atmosphere of an industrial zone. Badlapur and Ambernath are facing the same issue that Palghar and Boisar are faced with.

Bikram, Mumbai

19th April 2017

Comment

Yes, Slowly and steadily Neral is becoming first home choices for those working in Khopoli, Badlapur, Ambernath, Ulhasnagar, right up to Kalyan & Thane due to its affordability of Rs. 15 lacs bracket. Again for second home buyers it is becoming favorite spot due its proximity to Mumbai & Pune.

Rakshit, Mumbai

19th April 2017