December 26, 2016
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6:15Now PlayingExpert: Amit Goenka , MD & CEO, Nisus Finance.
Question: I am looking at the resale market in Mumbai, specifically for a flat for self-occupancy as a joint family. The preferred size is 600-800 sq. ft. carpet area- an appropriate 2 BHK. My preferred localities are Sher-e-Punjab area in Andheri (E) or any locality in Vile Parle (E)/Santacruz(E).
Answer: Average rate in Andheri east ranges from Rs 15,789 – Rs 17,334 per sq. ft. Sher Punjab Colony is a 10 year old property. Average price here is Rs 13,890 sq. ft. A 900 sq. ft. are i.e. 2 BHK will cost around Rs 1.25 crore. Average market price in Vile Parle/Santacruz ranges from Rs 21,186 – Rs 32,764. Shanta Niwas in Vile Parle is 10 – 15 years old property. Average price here is Rs 35,000 per sq. ft. For 720 sq. ft. area you will have to invest Rs 2.5 crore. Blue Moon Annexe is the new project. Average price here is Rs 25,000 per sq. ft. An 800 sq. ft. flat will cost around Rs 2 crore. Santacruz is close to BKC and Kalina so it is seen as the important locality.
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