October 24, 2016
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5:25Now PlayingExpert: Jayashree Kurup, Head Content and Research Magicbricks.com
Question: I have a 1BHK flat in Virar, Mumbai that I bought in 2003, I bought it for Rs 4-5 lakh, I want to know if I should hold the property or sell it. If I sell this property can I invest in Navi Mumbai?
Answer: Currently in Virar a 1BHK of 615 - 663 sq. ft. is available for Rs 25 – Rs 29 lakhs. The area has good connectivity via the Western Express Highway, barely 5-km away. While in Navi Mumbai you can get a 1BHK (550 - 650 sq. ft.) or a 2BHK of (880 - 942 sq. ft.) within Rs 22 – Rs 30 lakhs. You also need to consider where you are working and what your requirement is Virar is in the main part of Mumbai city while Navi Mumbai is further away and still developing.
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