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What are the future prospects of JP Infra in Mira Road?- Property Hotline
Posted
October 24, 2016
Views
14,442
Likes
62
Comments
8
Engagement
0.48%
October 24, 2016
14,442
62
8
0.48%
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4:30Now PlayingExpert: Jayashree Kurup, Head Content and Research Magicbricks.com
Question: I am planning to invest in JP North which is being developed by JP Infra in Mira Road, I want to know if it safe to invest here. I have a budget of Rs 50 lakhs. What are the future prospects of this location and this project?
Answer: JP North on Mira Road is an Under Construction project. Expected possession is in 2018. Within your budget of Rs 50 lakhs you can get a 1BHK of approximately 650 - 750 sq. ft. in this project. The project is offering amenities such as Club house, Jogging/Strolling tracks, Tennis Courts, Private Terrace, Power Back-up, security etc. Mira Road is an established locality having good connectivity to other areas of the city. The locality also has a well-developed social infrastructure with schools, hospitals and malls in the vicinity. On Mira Road a 1BHK of 655 - 695 sq. ft. is available within Rs 45 – Rs 47 lakhs. The rental value for a 1BHK in the locality is Rs 9,500 - 11,000 per month. The price in the locality in Jul-Sep 2014 was approximately Rs 7,100 per sq ft which has risen to Rs 7, 300 per sq. ft. currently.
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