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Is Godrej Central in Mumbai a good investment bet?- Property Hotline
Posted
December 13, 2016
Views
799
December 13, 2016
799
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1:30Now PlayingExpert: Jayashree Kurup, Head of Content & Research at Magicbricks.com.
Question: I am considering Godrej Central as one of the options for their 1 BHKs on offer in Mumbai. I have seen that for buying it from the builder, the price quoted is around Rs 1.27 cr. Is it possible to negotiate down with the builder given the price at which the resale value is?
Answer: In Chembur a 1BHK flat sized 630-750 sq. ft. is available for Rs 86 lakh- Rs 1.25 crore. Average value in this locality is Rs 17,000 per sq. ft. A 2BHK flat in Godrej Central sized 711-751 sq. ft. is available within Rs 1.95 – Rs 2.05 crore. You are already getting flat at the discount rate. You should invest in this project.
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