Shveta Jain, Cushman & Wakefield, India answers the real estate queries from our readers.
With the implementation of RERA, I read that buyers cannot expect any new launches. Does this mean that the prices of existing projects would escalate? Should I look at buying a house now in Mumbai or wait for a probable fall in prices?
Prices may not have an immediate direct impact. It may increase for new launches given the stricter compliance that developers have to adhere to or it may decrease owing to the large amount of inventory overhang in the market.
What you can look forward to is transparent price quotes by developers, timely completion of projects, certified real estate brokers, flexibility of claiming a refund within 15 days of purchase of property, if you are not satisfied with it and most of all, no misuse of money by developers.
Various projects in Ulwe are priced within Rs 1 crore. As it fits very well within my budget, the location is a slight deterrent for my investment decision. Could you please advise on the growth potential of Ulwe ?
Ulwe has gained popularity due to the proposed international airport and is supported by availability of large land parcels. The railway line connecting Uran and Belapur is currently under construction and will connect Ulwe to the peripheral business district of Thane Belapur road.
However, investing in Ulwe is a long term bet as rental returns are dependent on the successful completion of infrastructure.
I currently reside in Hinjewadi Pune and I am relocating to Bengaluru. I wanted some residential options with good amenities such as nearby school, hospitals while also being close to my office location which is Whitefield. Please advise.
Since your office is in Whitefield, which is one of the most promising micro markets of Bengaluru, it is recommended you explore residential options herein. This would help beat the long commutes within the city. Whitefield has an established office, residential projects base along with great mix of social infrastructure.With upcoming Metro rail, Whitefield is selfsufficient.
It is a cluster of several sub locations like ITPL, Brookfield, Hope farm, Hoodi, Varthur, etc.Since the person works in Whitefield, we would advise him/her to choose an option within Whitefield micro market. Every sublocation has a range of options across mid and premium segments so based on your budget the right option can be chosen.
Image Courtesy : www.worldconstructionnetwork.com
Content Courtesy : www.economictimes.indiatimes.com
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