Will this property appreciate in near future

Q: Will the property at Crystal xrbia appreciate ?it is felt that it is already overpriced

shrinivas desai,

3rd May 2017

Investment Advice in Mumbai

project review

affordable housing project

xrbia developers

flats for sale in chembur

crystal group

crystal xrbia chember central

new residential project in chembur

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Replies (3)

Right Abhishke. 180 sq.ft carpet area for approx 47 lacs including taxes or even more, rate per sq.ft on carpet area comes to 26100 that is just 5% less than what Wadhwa Group is quoting for the Address at Ghatkopar Rs.1.73Cr for 630 carpet area, Which obviously is an high end Township will all amenities, and selling at the same price, just the ticket size has been reduced to fool the middle class and 1st time buyers.

Sunil Joshi, Mumbai

4th May 2017

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I am agree with Abhishke. The apartments in the Chembur Central will be priced at Rs 40 lakh for 1BHK unit and up to Rs 80 lakh for 2BHK units. The 1BHKs will have a carpet area ranging from 180 to 230 sq.ft. and 2BHK will have 305 sq.ft. carpet area. The project is estimated to be completed in over the span of 40 months.
I think Mumbai Chawls are better in terms of carpet area and price than Chembur Central. 1BHK is a joke not even qualified to be called 1RK.

Sunil Joshi, Mumbai

4th May 2017

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Yes, i think SRA flats are better than Chembur Central. They will also add some more charges like floor rise, car parking and maintenance charges. Stay away, you will not get any appreciation in this kind of project. This is nothing but to make fool to the first time home buyers.

Abhishke Karule, Mumbai

4th May 2017

Hi Shrinivas,
Xrbia Developers has entered into an agreement with Mumbai-based realty developer Crystal Group to jointly develop a compact-home project in Chembur suburb of Mumbai know as Chembur Central. The project, Chembur Central, to be developed on free-sale part of a 15-acre slum rehabilitation project will have total saleable area of 2.5 million sq.ft. The first phase is proposed to be 700000 sq.ft with total 2000 units, while the entire project will have total 6000 houses.
Cost of a 1BHk flat with carpet area 180-230 sq-ft. and its price is Rs.42 lakh. I think its overpriced.

Abhishke Karule, Mumbai

4th May 2017

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