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Where to invest in Mumbai suburbs to get best returns?- Property Hotline
Posted
July 12, 2016
Views
6,445
Likes
32
Comments
2
Engagement
0.53%
July 12, 2016
6,445
32
2
0.53%
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6:14Now PlayingBe Un Confused
Expert: Expert: Jayashree Kurup, Head-Content & Research, Magicbricks.com
Question: I want to invest Rs30-35 lakhs with a horizon of 5-7 years. I have shortlisted places like Panvel, Boisar, Mira Road and Palava. Which of these markets will give me best returns?
Answer: On a pure investment point of view Panvel should be the place in which you should invest. Because Panvel is still in its early stage, there is still some growth left. Average price over here is Rs 5933; also you can expect rise in the prices because of the infrastructure development. Mira Road is already peaked averaging on Rs7733 and Rs5000 per sq. ft. so it is the sweet spot to invest. You can expect steady rentals in Boisar. Palava is an over supplied market averaging the same prices like Panvel. By net rate Panvel would be a good choice to invest in.
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