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Should I hold/sell property at Konark Exotica, Pune?- Property Hotline
Posted
July 5, 2016
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463
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July 5, 2016
463
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1:47Now PlayingBe Un Confused
Expert: Jayashree Kurup, Head-Content & Research, Magicbricks.com
Question: I bought a 2 BHK flat in Konark Exotica at Wagholi, Pune in 2011 for `36 lakh. I'm getting `50 lakh for the property. This is equal to the total amount I paid including loan interest. Should I sell now or should hold?
Answer: Right now you are at break-even point with no profit no loss. The locality has appreciated approx 20% in the last 3 years which is decent, given the downturn in the overall market. Wagholi is situated on the Pune-Nagar Highway, close to the Kharadi IT hub which is enjoying development in various sectors like real estate, education etc. Affordability, infrastructure, IT/ITeS are the key forces driving investors and end-users to the region. Overall, the locality has decent future prospects. Unless you don't need money in emergency wait for a couple of years.
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