October 10, 2016
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7:06Now PlayingExpert: Arvind Nandan, Director, South Asia, Valuation & Advisory Services, Colliers International.
Question: I have a property in Indore which I am trying to sell off. I am planning to buy a new property in Pune. However, my Indore property is not fetching me good returns. I am in a dilemma whether to hold the property for some or sell it. If I wait for some more time, the property rates in Pune will also go up. Please suggest.
Answer: There are several markets in Indore. All are nearly stagnant with marginal price movements. Super corridor ranges from Rs 2,500-3000/sq. ft., Bypass Road ranges from Rs 2000-3000/sq. ft. Dewas Road (incl. Vijaynagar 2500-3000/sq. ft., Talawali Chandra north of Vijaynagar, Nipania -off-Dewas Road Rs 2500-4000/sq.ft, Niranjanpur Rs 2100-3000/sq. ft., Mahalaxmi Nagar near Vijaynagar Rs 3200/sq. ft. ), Khandwa Road (south-southeast) Rs 1600-2000/sq. ft. AB-Raod including Rau Road (towards MHOW Rs 1800-2000/sq. ft.): Pipaliya & Ring Road: Rs 2000-3,000/sq. ft. East of Bypass (incl. Bicholi-Mardana + Sampat Hills Rs 3500/sq. ft.) MR-10 Road in north running east to west connecting to Supercorridor: Rs 3000/sq. ft. Better to invest in Pune - choosing from a plethora of markets like Dhanori, Wagholi, Chakan, Rajgurunagar, Baner, etc.
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