hi, I am planning to purchase a flat in Kalyanat 2400/sq ft. posession will be in March 10.is it a good bet in that area. how much appreciation you ecpect in this area? thanks
....just one part of equation. Getting a low cost reasonable interest loan is equally important to lower your final cost of ownership.
I learnt it the hard way as my loan of 32 lacs at 9.25% was raised to 12.25% by my bank.
Thankfully I found a way to lower it to 7.5% from a private finance company through one of my contacts. And its fixed for entire tenure ! Thats a huge extra savings of 16.8 lacs over the next 15 years. I can save this and invest it to earn even more over the same period instead of giving it to the bank.
Why work longer to make the bank richer when you can get lower cost loan ?
If u r interested in lowering your interest rates u too can contact sujith 09980807164
The important issue is not how much a flat costs but the rate charged in sq ft.
The cost of flat of size 950 sft and 1600 sft will be different. So choose the lower size flat to suit your budget.
There are 5 major cost to builder land value cost of construction cost of providing amenities Tax on construction/development charges Interest cost on loans taken by builder
Builder made most profit in 2004 - 2007 , they got land at cheaper rates and due to booming demand jacked the prices.
New projects developed on land at reasonable rates should cost approx 1900 sft - 2500 sft in suburban areas.
Closer to city it will be 3500 sft Plus depending on location .... ....for residential buildings.
Hope this helps in negotiating and finding a suitable property.
This 100 acres and Tushar r nothing but wid builder lobby and they want their business to grow thatsy they r here. prices of property are double of what they deserve. wait and hold on ur plans to buy for an year you will get like 30% cheap what it is now. we all should wait an another year and u will se difference. this is nothing but marketing bullshit.
