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FAQ: Are Gurgaon, Chandigarh good investment belts? – Property Hotline
Posted
May 23, 2016
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515
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May 23, 2016
515
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6:09Now PlayingExpert: Khurshed Gandhi, MD - India Consulting Services, Cushman & Wakefield
Question: I bought a flat in Gaur City 2 in Greater Noida in 2014. I bought it for Rs. 3,200/sq ft. What kind of appreciation can I expect in the next 5 years? Additionally, I'm planning on buying a flat in Maya Garden City in Zirakpur, Chandigarh. Is this a good investment bet?
Answer: The subject property is located in Greater Noida West which has an overall supply of approx. 1,60,000 units.
The initial launches in this market in 2008-09 were at INR 1,800-2,000 / sf. Currently the market is trading at INR 3,500-3,800 / sf.
The market is currently witnessing significant development activity with approx. 90-95% projects currently under construction (only 5% have been delivered).
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