October 25, 2016
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4:42Now PlayingExpert: Jayashree Kurup, Head Content and Research at Magicbricks.com
Question: I am planning to invest in a project called Shah Kingdom by Shah Builders. The rate that is being quoted is cheaper compared to other ready possession properties. How much appreciation can I expect here, considering the upcoming infrastructure projects here? I visited the site and the developer showed me the copies of the documents.
Answer: Shah Kingdom in Khargar is offering 2, 3 and 4BHK apartments of 1320 - 4670 sq. ft. within Rs 1.09 – Rs 2.28 crore. This is an under construction project which will be ready for possession by 2018-19. Currently the rate in the locality is approximately Rs 10,800 per sq ft whereas; the locality rate is Rs 8,100 per sq. ft. Khargar, a well-developed area by CIDCO is located on the Sion-Panvel Highway. It is well-connected to the CBD at Belapur and has easy accessibility through road and rail. A skywalk is also planned in the area
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