Real Estate Forum on L&t Realty Ltd

Latest Answer: Hi Venu, I am an IT professional and working in Whitefield. Is it a good project for end users? How is the social and physical infra development in the locality? Which are main factors of growth for the locality?

Latest Answer: Hi folks, For your kind information, they don't plan to run malls and want to monetize them, nevertheless they continue to build them in their projects. In the Hebbal project, they are planning of bringing in a joint venture partner because their office portfolio is already large and they have big obligation and so they are trying to strike a balance. They are hoping to finish these transactions next year.

Latest Answer: Interested in a 3BHK-L in this project to make it a home. i guess the property would definitely appreciate, but given the green belt around the project, it makes it worthwhile to stay there. right ?

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: @Anuskha, If you are planning for investment then it may provide best returns, only you have to hold it for 24- 36 months. In addition to the infra push by current govt. in major areas, may just help in keeping the rates constant. In February 2013, when Phase-1 was launched the price was 15000/sq-ft. The rate today stands at Rs. 17250/sq-ft. This translate into 14% growth in 1.5 yrs.