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What are the future prospects of Allahabad realty market?- Property Hotline
Posted
October 25, 2016
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October 25, 2016
399
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2:59Now PlayingExpert: Jayashree Kurup, Head Content and Research at Magicbricks.com
Question: I am planning to buy 2BHK apartment in Allahabad with a budget of Rs 45 - Rs 50 lakhs. Who are local developers in the city and what are the future prospects of investing in this city? I would be buying this for end-use.
Answer: Within a budget of Rs 45 – Rs 50 lakhs the 2BHK apartments available in Allahabad are of 650 - 1395 sq. ft. The Under Construction properties are available in areas such as Bamrauli, Kalindipuram, Lukarganj and Naini. These will be ready for possession by 2017-18. The ready-to-move-in are mostly resale properties which are available in areas such as Jhusi, Ashok Nagar, Kalindipuram, Tagore Town, Civil Lines, Mumfordganj etc. The rental value of 2BHK flats in Allahabad varies within a wide margin of Rs 3,500 – Rs 18,000 per month. The sizes of these are 600 - 1500 sq. ft. Some local builders are Reality Bricks, Earth Reality, Rudra Real Estate and others.
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