Posted By VIRESH SAXENA (UAE) on www.indiaspaces.com 26 OCT 2010
I purchased RPS Savana 2+1 flat in 2006 at Rs 1800/- per sq ft howver I am surprised that rates in Rps Savana is still at Rs 1600/- per sq ft. Nehar par Faridabad is perhaps the worst real estate investment to be made by any person. It is even worse than investing in Ranchi or Raipur which
Reply by Jeetender Gupta, Indiaspaces.com
Plots in the same neher area have seen 3-4 times appreciation, so dont put it on area. flats normally take longer to capitalise. They are dependent more on consumption cycle and prospects of a project. Possession and more so livability is an important issue. Take for an example bptp grandeura which was selling below purchase price, a loss of 5-6 lakhs, is now fetching premiums. Possession and living of few families and less dependency on external infra has created a difference of around 10 lacs. Flats have depencency on certain triggers which are missing in most projects presently.
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