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What are the current rates of properties in Malad? - Property Hotline
Posted
July 26, 2016
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997
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July 26, 2016
997
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2:22Now PlayingBe Un Confused
Expert: Jayashree Kurup, Head of Content & Research at Magicbricks.com .
Question: I own a 2 BHK flat in Yashwant Nagar, Virar West. I want to relocate to Malad East. Please tell me about the current rates and future prospects in both these markets.
Answer: In Virar West, there has been no appreciation, so if you sell your apartment you can expect about Rs30 - Rs40 lakhs. In Malad West, you will have to spend more than twice the amount for a similar property as there has been a 20% capital appreciation in 4 years.
Malad is a well-connected location of Mumbai, by the Western Expressway and the western rail line. It is also expected to be connected via the metro by 2020. The area is not too congested compared to areas south of it and is witnessing significant construction by reputed developers and has decent transaction activity.
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