Affordability, end-user demand pushed up real estate values in West India in 2010.
Affordability, end-user demand pushed up real estate values in West India in 2010
The more premium and highly priced south Mumbai localities such as Kemps Corner, Altamount Road, Cuffe Parade and Walkeshwar, however, remained stable during this period while some localities such as Tardeo, Mahalakshmi and Worli witnessed a drop in values. Rental values in South Mumbai have also shown a downward trend.
Investors and end-users have shown interest in localities situated on the outskirts such as Navi Mumbai and Thane due to greater affordability and superior infrastructure facilities.
Goa’s residential market is growing at a rapid pace and is the ideal location for potential investors. The Arpora-Siolim-Assagaon belt is growing post July 2010.
Ready-to-move-in apartments in this locality offer attractive rental returns from foreign nationals, post-October which is the in-season period. Owners lease apartments for 8-10 months and reap a healthy return of 8-10 per cent on rental values which is higher than that offered by any other locality in Goa.
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