Real Estate Forum on Ruparel Realty

Latest Answer: Hi Swapnil, If you are an end user and you don't want to lose your principal in trying to save interest then do not go for this projects during the construction stage. And if you are an investor, i am sure you know the risks so take your bet accordingly. Currently they are offering 10-20% discounts to roll in the inexperienced buyers to the markets rates and then then screw his happiness. May be they are planning to change the floor plans, make additional demands which obviously has to be 100% funded by you because your house is already mortgaged, and delay project endlessly.

Latest Answer: @Ramji, You need to take the following considerations before you invest in Parel. I haven't seen much appreciation in the locality and the reason high property value and unsold inventories. 1) Both look like good developers. Hence, make a choice depending on your requirements and budget. 2) Property is very expensive in Parel (in the range of Rs 18000-31000/sq.ft). Also know that Parel hasn't witnessed much of an appreciation in the last 3-4 years due to high property prices and lack of buyers in that area. Considering the large number of unsold apartments in expensive prime suburbs in Mumbai, there doesn't seem to be more than 1-2% of appreciation in the next 3-5 years.

Latest Answer: 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.

Latest Answer: The current property rates in the locality is Rs. 29690/sq-ft. Located in the southern tip of Mumbai, Parel is a fast-paced and rapidly developing locality, sandwiched between Eastern Freeway and Dr Baba Saheb Ambedkar Road. Its neighbouring localities include Worli, Dadar East, Ghodapdeo, and Prabhadevi. Parel has sound social infrastructure with notable schools, colleges, and hospitals scattered around the region. JBCN International School, Sharada Mandir High School and Junior College, Bombay Veterinary College, and Gokhale Education Society Parel Kendra are few educational institutions here.