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Should I hold/sell a property in Palm Meadows, Whitefield?- Proeprty Hotline
Posted
October 17, 2016
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606
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October 17, 2016
606
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2:53Now PlayingExpert: Jayashree Kurup, Head-Content and Research at Magicbricks.com.
Question: I own a villa in Palm Meadows in Whitefield, Bangalore. I bought it 10 years ago for Rs 30 lakhs. The value that is being quoted is around Rs 2.7 crore. I'm planning to reinvest in Nerul, Navi Mumbai. What is better? Should I hold the property or should sell it and reinvest?
Answer: The project provides Luxury apartments. As per Magicbricks, a 3 - 4BHK villa of 2000 - 10,000 sq. ft. is available for Rs 3.25 crore onwards in Palm Meadows. The rent for the same starts from Rs 70,000 per month and can go upto over Rs 1.5 lakh per month. Due to the popularity of the project the developer is coming up with an annexe of the same. In Nerul, Navi Mumbai, a 3BHK villa of 1400 - 2500 sq. ft. villa is available within Rs 1.05 - 3.10 crore. The rent for such villas of 1275 - 1800 sq. ft. is Rs 35,000 – Rs 50,000 per month.
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