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Is Ambernath East a good investment bet? - Property Hotline
Posted
January 17, 2017
Views
10,191
Likes
45
Comments
5
Engagement
0.49%
January 17, 2017
10,191
45
5
0.49%
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4:23Now PlayingExpert: Amit Goenka, Nisus Finance.
Question: I purchased a property for Rs 33 Lakh in Ambernath East construction by Ahuja Construction, the project name is Prasadam. The builder has promised delivery of the property by December 2018. Is it is a good investment?
Answer: Ambernath has been an industrial town for years with good road and railway connectivity. Ahuja group is a renowned group in Mumbai. The prices in the area you have purchased hover around Rs.3500 to 4000 per sq.ft.It seems a safe investment option.
Even if the prices do not rise dramatically, they surely wont go down. The area will always have an advantage of connectivity.I definitely would have had considered looking at Kalyan or Dombivali where the developments are much more holistic and denser in nature. From a safer perspective, Ambernath East seems a good investment. The upside is not very high but there does not seem any downside.
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