Q:Hi,My budget is 30L. I have shortlisted 2 projects. Shantee Sunshine Sapphire in Vasai and Ornate galaxy in Naigaon.I am confused between two location. I am looking for investment and both seems good option and both has pro's and cons. I would like to ask experts about this which place is better?
Latest Answer: Hi Chinmoy!!!
Even i suggest you to go for Naigaon. It is the fastest developing locality in North Mumbai. There has seen huge development in the economic phase of this suburb. The flexibility of the transportation system has contributed a lot in the popularity of this place. This locality is well-connected with the important parts of the cities as well as rest of the area through well-developed highways, roadways, etc. It is governed by the Vasai-Virar Municipal Corporation (VVMC). It is also the name of a railway station on the Western Line of the Mumbai suburban railway. Residents can enjoy a comfortable and luxurious life due to the availability of all the basic requirements.
Q:i m planning to purchase a property at naigaon east in ornate galaxy, want to know how well naigaon its going to develop to according to that i can assume my profit margin for future
Latest Answer: Hi friends,
But i think that Naigaon is better as the rates in Ulwe are already 5000+ whereas in Naigaon its still between 4400-5000/sq-ft with a lot of potential. I have 2 flats there and already have seen 25% appreciation in 3 yrs. Expecting that it will shoot up to 6000/sq-ft in next 2 yrs.
The reason is because if you look to buy a decent flat in Mira Road in an average locality you have to pay 6000-6700/sq-ft already, which is 3km away from station. So, it will be wise decision if you go for Naigaon as an investment point of view.
