November 1, 2016
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3:13Now PlayingExpert: Jayashree Kurup, Head of Content & Research at Magicbricks.com
Question: I have looked at a project in Shahpur near Kalamgaon. I am planning to invest in an NA plot here and it is 1km away from the highway. How much appreciation can I expect in next 4-5 years? What are the prevailing rates here?
Answer: In Shahpur, Kalamgaon area both apartments and plots are available. The plots sized 1,500 – 3,000 sq. ft. are available at Rs 10 lakhs – Rs 15 lakhs. 1BHK apartment ranges from Rs 12.5 lakhs – Rs 19 lakhs. 2HK apartment ranges from Rs 22 lakhs – Rs 55 lakhs. A 3 BHK apartment will cost around Rs 60 lakhs – Rs 1.3 crore. But if you are looking to put our money for an investment then you will have to hold it for more 5 years for appreciation.
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