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Is it safe to invest in Sahil Exotica, Powai?- Property Hotline
Posted
July 11, 2016
Views
355
Likes
1
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July 11, 2016
355
1
0.28%
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3:28Now PlayingBe Un Confused
Expert: Akash Bansal, Director at Liases Foras.
Question: I want to invest in a 3 BHK apartment in Sahil Exotica, Powai. It's a standalone building. Is this a safe investment bet? What are the future prospects of this project?
Answer: Powai is considered as a great place for an end user as locality is already developed with the entire basic infrastructure and well connected with other suburbs of the city. The project is located at Andheri - Powai link road and surrounded by the developed Raheja Vihar. The project is an under construction project with only 56 units with almost 48-50 units already sold out. This is likely to be delivered in next few months. The project is being quoted at around INR.15, 500. The other premium projects at premium locations are being quoted at INR 17,000 - 19,000 per sq. ft. Since it is a standalone project and located at a good location with most of the inventory being sold out, the project is likely to be delivered in time. So there is no development risk.
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