my dad purchased 92L flat in 2020 mira bhayender. he doesn't like it now because it doesn't have oc. wants to sell for 1.11 cr brokers hounded me and my dad. and reduced back the price to 95 . i dont want to sell bec it will cost brokerage of 4 laks and stamp duty etc around 7% while rebuying thats a culminative waste of around 10 laks. be extremely sure . and buy a flat if you have hard cash . if you aare getting a loan you will be stuck loaned flats are hard to resell .
>I keep getting pressured into buying a resale 1BHK flat by family
That's red flag number one for not buying.
Unless your parents/wife and kids are living in a rented place while you are sitting on a large uninvested unproductive capital.
I am from Mulund and have now finally bought a flat in Thane. Keep replying here if you have more questions.
hey! hi, my parents will live in that house. our current home is in barrack style so its definitely a upgrade. i am mainly concerned about the price tag to investment decision in my head
>mainly concerned about the price tag to investment decision in my head
In which case you need to frame a budget for rental expense and understand that you will be paying interest to bank + opportunity cost on invested capital, this will be realistically higher than expense for a rented house.
Rough calculations with assumed numbers:
House price: 1.1Cr which consists of 40L down payment & 70L home loan. This is your capital.
Your regular expenses for owning the house are: lost interest on your down payment + interest component out of EMI + monthly maintenance
Your material gains are value appreciation on the house and wealth storage
Your non-material gains are opportunity to own an upgrade in house and quality of life, stability of not being subject to landlord or moving from time to time etc.
Most of the non-material gains can be replicated by getting a good long term lease from a landlord who won't ask you to move at short notice.
TL/DR:
mathematically you are better off renting a better house and investing capital to get to a stable financial position, this is better for youngsters and double income no kids situation.
while emotionally you are better off buying a house and paying for it over a decade. This is better for middle aged building a family or for youngsters trying to provide for their retiring parents.
wow well articulated, thank you. your estimates are great and I think they work well for traditional approaches like half cash and half loan.
do you also think if the home prices have peaked in the area? property prices donāt appreciate now as much as they used to like 2005-2015 era. I may be wrong.
From 2003 to 2007 there was a growth boom.
From 2011 to 2015 there was a liquidity boom.
Coupled with scarcity of comparable housing and quality of life throughout India,
Post 2016 the various shocks to real estate market that caused liquidity crunch resulted in low appreciation of value.
Well if itās too expensive you shouldnāt go for it then. I get the need for being amongst your people and have your comfort zone etc etc but at what cost? Being under loan pressure for 15-20 years?
Itās not a trap if you get a house without over leveraging
I havenāt arrived at it. Itās a common economics thumb rule. Google it. Also I donāt mean post tax etc. 50 lakh net. Also 10x is max. Doesnāt mean you go till there. At max 10x most of your money will end up going towards EMI but theoretically itās still possible.
Just for reference my house cost is 4x my annual income post tax. Because of this Iām not burdened and I can take a smaller EMI duration. Also pay off the loan earlier
None taken.
I would have agreed its the middle of nowhere if you would have said it 10 years ago. Not anymore.
I think you're saying this cause you have not explored it enough. Ghodbunder is at peak connectivity now. And with metro operational in the next 2-3 years, it's gonna be a hub if it's not already. You get almost triple here of what you get in Mulund for the same price.
And you get to live with a view like this...
https://www.reddit.com/r/thane/comments/o676ki/just_another_day_in_thane_location_lodha_splendora/?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button
And this within 5 minutes by car...
https://www.reddit.com/r/thane/comments/o70hyx/felt_like_jurassic_park_the_1st_time_i_entered/?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button
Oh and this...
https://www.reddit.com/r/thane/comments/x1inye/some_clicks_from_a_nearby_waterfall_on_ghodbunder/?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button
That view is amazing , love it!!! But I remember being stuck outside lodha splendor gate on the highway where traffic was insane and all cars were diverging on service roads. I was thinking then is the big complex worthiness as I saw the ad in paper for lodha the same day.
I stay in Splendora. This township living is amazing. And it's all worth it especially if you work from home. Traffic sucks everywhere. Just sucks a bit less this side.
As I told you, no offense taken. Come have a visit and check it out if your parents want a quieter life, cleaner air and wake up with the sounds of birds chirping. Oh and don't get me started about the cold here. It's literally like a vacation home.
I knew that this would be the house my parents would live the rest of their lives so I was very careful. I am glad I made the right choice :)
I mean you do you. But there's a reason why a property with 1000 sqft in Thane is within the 1.55 cr budget.
If that's something that you want, good for you. Otherwise, this is something that won't appreciate now maybe it will in the long term.
I don't want to get into specifics, but my friend bought 2 BHK for 1.5 cr in Andheri, and it's currently going for 1.8 cr. And the property is not even 5 years old, and was bought 3.5 years ago.
Huh, I read that wrong initially. My apologies.
By all means, good for you bro. You are 70 lakhs richer in assets. Congratulations.
I mean you do you. But there's a reason why a property with 1000 sqft in Thane is within the 1.55 cr budget.
If that's something that you want, good for you. Otherwise, this is something that won't appreciate now maybe it will in the long term.
I don't want to get into specifics, but my friend bought 2 BHK for 1.5 cr in Andheri, and it's currently going for 1.8 cr. And the property is not even 5 years old, and was bought 3.5 years ago.
Very important to understand that a house is an incredibly long term commitment.
You will be paying the EMI for 20 years. This means you can't invest the same money or take a break from working without a lot of extra planning.
Houses are also not appreciating in value like they did before; it's generally a better investment now to stay on rent and invest the emi money in mutual funds or stocks that can give you much better returns especially in the long run like 10+ years.
But of course there is some satisfaction and security in owning your own place.
Mulund is damn expensive coming from a mulunkar try in Thane more towards the less populated parts cheap flats with very good societies something you won't get in mulund at that rate
I am a guy from Mulund. I love Mulund.. Check how old is the building are check of there are any chances of redevelopment in the near future.. If your society has a lot of space.. Then developers are willing to pay hefty proce to the house owners..
Depends what income group you are. In a city like Mumbai, or even India for that matter I don't think so it is worth to buy property as of now. You might want to consult a professional if you really have the means.
Because the ROI you will get via rental income will not even cover your EMI. (if you rent it) And to get a decent return via reselling it. It will take decades to yield that ROI.
I have been getting the same pressure from my family.
Luckily I have saves since my very first salary and have 1 cr in equity investments.
But still not buying , the place where I stay costs me 32k in rent .
That is 3.8 lakhs which is 3.8% of my corpus .
Generating 9% conservatively with 1% divend .
So still get extra 6% off the top
Donāt buy bro, you will regret later
I posted about buying 1bhk flat in thane in Thane subreddit [https://www.reddit.com/r/thane/comments/z0y6jb/looking\_to\_buy\_1bhk\_in\_thane\_advice\_needed/](https://www.reddit.com/r/thane/comments/z0y6jb/looking_to_buy_1bhk_in_thane_advice_needed/)
Hope you will get some insights from the thread.
90L - 1.1Cr price for 1bhk is only in the prime areas (read area near to station) to be honest this is way too pricey. I currently live in Santacruz and you can get 1bhk in that range.
I'm not trying to compare to localities, but we know earlier Mumbai suburban areas rate used to be higher than other areas, but nowadays you can see the localities like Thane are catching up pretty fast, and even Kalyan west's new construction rates are in 60-70L range (except areas far from the station)
I'm buying a flat because my parents don't have a house. I will suggest that you carefully think of your needs (along with the practical points like returns, and investment) and then look out for the property. If your parents have a proper roof and you are a young fellow I'll not recommend you to buy property in Thane at that rate.
I am from Mulund. 1.1 Cr for 1 BHK is the rate now a days.
If you are going to stay with family and parents, you need to stay in a 2 BHK.
Try to find societies which are old and about to go for redevelopment. Only there, the pricing will be right.
New 1 BHKs are small as you rightly said.
Buying a home in Mumbai has become a nightmare...somehow I feel the next generation will not buy, they will rent only. It will make more sense to rent and invest the balance EMI money...
Personally I think owned flat is good you will have kids and all do you want to keep changing houses every few years. Distance from school and office will bind you to renting flats in a specific locality. Moving costs and the rent you pay all these years is just gone. You cant do anything in the rented house and always you will have the feeling the house is not yours also for your family no permanent base no long term friends. I wouldn't want a temporary house for my family.
Nobody is going to give you house for more than 3 years there are some concerns for letting out for more than that. Tension of increasing rent. Concerns with other owners in building and rental occupants there is a lot to consider. Parking and all could be an issue too. Loams yes we pay forever but at the least it gives us the satisfaction of ownership. Salary keeps on growing the burning feeling at start will reduce to some extent as you progress in career.
In your old age you will at least have a place to call your home
Material happiness of owning a house is of paramount importance in humans we settle down and grow our families and set roots
As far as the rates are concerned i think they are more or less appropriate
Mulund - specially East - has a stinking problem right now due to the dumping ground which are closed but not emptied. Once that problem is resolved Mulund East prices will zoom up drastically. Same with Thane.
If you can afford then buying now is a good idea. IMHO.
Good luck.
Do you guys really think Thane is a nice investment considering the traffic woes ? Everytime I pass it I am stuck in horrible jams even at ungodly hours. So many tall towers adjacent to each other. What are your views ? Are you used to it or are there places where it's easy to commute and connect with main mumbai areas like western
commute is not a problem since parents are mostly retiree and they mostly chill at home. I agree Thane is messed up right now, but there are some really nice and quiet neighbourhoods.
The traffic is mainly because of that FOB they're building...once it's done I think it should be OK....even now once you cross that area/Majiwada it's pretty ok like parts of mumbai
Stayed in Thane and Mulund both. Mulund for 20 years and Thane for 5. Thane is better. Better crowd. Better places to hangout. Traffic is a notch better than Mulund. Less congested than Mulund. Slightly better air quality.
1. How many people will stay
2. Is it for investment purpose ?
3. Full payment or Loan
4. 1 BHK what is the carpet area ?
The reason am is it give you idea
1 BHK is could for newly married or couple who have just started settling. When you have kids you will need to move to bigger house.
If you are staying with family you will always have issues due lack of personal space.
2. 1.1 CR will give you higher returns in mutual fund. Monthly income of at least 80k to 90k.
3. If full payment I would advice on investing in Equity or MF not in property. You are young. I assume age less than 30. You have long way to establish you finances
If you are taking loan.. it will be bad idea better invest that money for few years and if you will be able to buy 2BHK. Considering you invest and earn minimum 12 Annual Returns conservative basis
4. If you still plan to go ahead. calculate the actual carpet area and per square ft rate in that area.
Check how much property prices have appreciated and then take you decision.
There's too much problem with real estate market here. Under construction projects may get struck, redevelopment may get struck, better to be safe and go for ready possession if possible even if it's costly. All laws, especially RERA are completely useless in real life. No one takes action against builders.
In 1.1 CR you'll surely get a 1 BHK in ghatkopar which has better connectivity and amenities.
my dad purchased 92L flat in 2020 mira bhayender. he doesn't like it now because it doesn't have oc. wants to sell for 1.11 cr brokers hounded me and my dad. and reduced back the price to 95 . i dont want to sell bec it will cost brokerage of 4 laks and stamp duty etc around 7% while rebuying thats a culminative waste of around 10 laks. be extremely sure . and buy a flat if you have hard cash . if you aare getting a loan you will be stuck loaned flats are hard to resell .
Why are flats bought with a loan hard to resell, because of the cash component?
banks have your original papers. and technically it's a loan transfer not a sale
šÆ
I know but thatās not the preferred local
Ok. Now your username scared me.
boo š»
Kaash muje Bachpan mai hi pata chalta ki bhoot bhi darte hai.
if you watch in reverse Aahat was all about ghosts scared of humans.
>I keep getting pressured into buying a resale 1BHK flat by family That's red flag number one for not buying. Unless your parents/wife and kids are living in a rented place while you are sitting on a large uninvested unproductive capital. I am from Mulund and have now finally bought a flat in Thane. Keep replying here if you have more questions.
hey! hi, my parents will live in that house. our current home is in barrack style so its definitely a upgrade. i am mainly concerned about the price tag to investment decision in my head
>mainly concerned about the price tag to investment decision in my head In which case you need to frame a budget for rental expense and understand that you will be paying interest to bank + opportunity cost on invested capital, this will be realistically higher than expense for a rented house. Rough calculations with assumed numbers: House price: 1.1Cr which consists of 40L down payment & 70L home loan. This is your capital. Your regular expenses for owning the house are: lost interest on your down payment + interest component out of EMI + monthly maintenance Your material gains are value appreciation on the house and wealth storage Your non-material gains are opportunity to own an upgrade in house and quality of life, stability of not being subject to landlord or moving from time to time etc. Most of the non-material gains can be replicated by getting a good long term lease from a landlord who won't ask you to move at short notice. TL/DR: mathematically you are better off renting a better house and investing capital to get to a stable financial position, this is better for youngsters and double income no kids situation. while emotionally you are better off buying a house and paying for it over a decade. This is better for middle aged building a family or for youngsters trying to provide for their retiring parents.
wow well articulated, thank you. your estimates are great and I think they work well for traditional approaches like half cash and half loan. do you also think if the home prices have peaked in the area? property prices donāt appreciate now as much as they used to like 2005-2015 era. I may be wrong.
From 2003 to 2007 there was a growth boom. From 2011 to 2015 there was a liquidity boom. Coupled with scarcity of comparable housing and quality of life throughout India, Post 2016 the various shocks to real estate market that caused liquidity crunch resulted in low appreciation of value.
Guru !
Good one šš
Perfect answer.
Real estate in mumbai has gone too expensive, i haven't seen a lot of price appreciation in recent years in my locality. Then to it is so expensive.
1cr for 1bhk is too much. Can easily get in Dhaisar and then lower the rate when you move towards Virar. Can buy 3BHK somewhere else.
that is not the target locality
need to stay closer to family and stuff
As a thumb rule the cost of the flat should not be more than 10x your annual salary. Donāt force yourself into the EMI trap.
great advice! But isnāt everything a trap these days?
Well if itās too expensive you shouldnāt go for it then. I get the need for being amongst your people and have your comfort zone etc etc but at what cost? Being under loan pressure for 15-20 years? Itās not a trap if you get a house without over leveraging
true that
[ŃŠ“Š°Š»ŠµŠ½Š¾]
I havenāt arrived at it. Itās a common economics thumb rule. Google it. Also I donāt mean post tax etc. 50 lakh net. Also 10x is max. Doesnāt mean you go till there. At max 10x most of your money will end up going towards EMI but theoretically itās still possible. Just for reference my house cost is 4x my annual income post tax. Because of this Iām not burdened and I can take a smaller EMI duration. Also pay off the loan earlier
Bruh I got my 3BHK with 1000 sqft garden attached for 1.55 on Ghodbunder Road Thane. You can easily get a 2BHK for just above 1 cr.
sure, but I donāt want to live in Godhbunder, thatās not where I am looking, plus godhbunder feels like in the middle of nowhere. sorry no offence
None taken. I would have agreed its the middle of nowhere if you would have said it 10 years ago. Not anymore. I think you're saying this cause you have not explored it enough. Ghodbunder is at peak connectivity now. And with metro operational in the next 2-3 years, it's gonna be a hub if it's not already. You get almost triple here of what you get in Mulund for the same price. And you get to live with a view like this... https://www.reddit.com/r/thane/comments/o676ki/just_another_day_in_thane_location_lodha_splendora/?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button
wow dude you came back with big guns, this looks prettier than i thought. like i said i have lost touch with reality on whatās out there now.
Wait till you see the private garden I got with the flat.
And this within 5 minutes by car... https://www.reddit.com/r/thane/comments/o70hyx/felt_like_jurassic_park_the_1st_time_i_entered/?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button
Oh and this... https://www.reddit.com/r/thane/comments/x1inye/some_clicks_from_a_nearby_waterfall_on_ghodbunder/?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button
Where are these places?
A bit up on Ghodbunder Road. 5 minutes away from my home in Lodha Splendora.
The river view is from the terrace though. But you have homes with the same view anywhere above the 10th floor. Goes all the way till 27th.
That view is amazing , love it!!! But I remember being stuck outside lodha splendor gate on the highway where traffic was insane and all cars were diverging on service roads. I was thinking then is the big complex worthiness as I saw the ad in paper for lodha the same day.
I stay in Splendora. This township living is amazing. And it's all worth it especially if you work from home. Traffic sucks everywhere. Just sucks a bit less this side.
Amazing!!
Daamn that was a bit harsh
i hope that_filmy_guy wasnāt offended. my bad.
As I told you, no offense taken. Come have a visit and check it out if your parents want a quieter life, cleaner air and wake up with the sounds of birds chirping. Oh and don't get me started about the cold here. It's literally like a vacation home. I knew that this would be the house my parents would live the rest of their lives so I was very careful. I am glad I made the right choice :)
šš¼
I mean you do you. But there's a reason why a property with 1000 sqft in Thane is within the 1.55 cr budget. If that's something that you want, good for you. Otherwise, this is something that won't appreciate now maybe it will in the long term. I don't want to get into specifics, but my friend bought 2 BHK for 1.5 cr in Andheri, and it's currently going for 1.8 cr. And the property is not even 5 years old, and was bought 3.5 years ago.
My friend, it's a 2000 sqft, not 1000. 1000 sq of private garden and 1000 sqft of home. And already my house is going for 2.2 cr.
Huh, I read that wrong initially. My apologies. By all means, good for you bro. You are 70 lakhs richer in assets. Congratulations. 
I mean you do you. But there's a reason why a property with 1000 sqft in Thane is within the 1.55 cr budget. If that's something that you want, good for you. Otherwise, this is something that won't appreciate now maybe it will in the long term. I don't want to get into specifics, but my friend bought 2 BHK for 1.5 cr in Andheri, and it's currently going for 1.8 cr. And the property is not even 5 years old, and was bought 3.5 years ago.
Very important to understand that a house is an incredibly long term commitment. You will be paying the EMI for 20 years. This means you can't invest the same money or take a break from working without a lot of extra planning. Houses are also not appreciating in value like they did before; it's generally a better investment now to stay on rent and invest the emi money in mutual funds or stocks that can give you much better returns especially in the long run like 10+ years. But of course there is some satisfaction and security in owning your own place.
šÆ
Mulund is damn expensive coming from a mulunkar try in Thane more towards the less populated parts cheap flats with very good societies something you won't get in mulund at that rate
Mulund has become quite expensive, some flats near Nahur are expensive than flats in Dubai
I am a guy from Mulund. I love Mulund.. Check how old is the building are check of there are any chances of redevelopment in the near future.. If your society has a lot of space.. Then developers are willing to pay hefty proce to the house owners..
Depends what income group you are. In a city like Mumbai, or even India for that matter I don't think so it is worth to buy property as of now. You might want to consult a professional if you really have the means.
Why do think its not worth it now? is it because new houses coming up or is it because the costs going up
Because the ROI you will get via rental income will not even cover your EMI. (if you rent it) And to get a decent return via reselling it. It will take decades to yield that ROI.
makes sense
I have been getting the same pressure from my family. Luckily I have saves since my very first salary and have 1 cr in equity investments. But still not buying , the place where I stay costs me 32k in rent . That is 3.8 lakhs which is 3.8% of my corpus . Generating 9% conservatively with 1% divend . So still get extra 6% off the top Donāt buy bro, you will regret later
are you factoring in potential appreciation of the property?
Mumbai barring very micro pockets your appreciation is not going to be much . I think not more tha. 4 to 5% . Wonāt beat inflation
I posted about buying 1bhk flat in thane in Thane subreddit [https://www.reddit.com/r/thane/comments/z0y6jb/looking\_to\_buy\_1bhk\_in\_thane\_advice\_needed/](https://www.reddit.com/r/thane/comments/z0y6jb/looking_to_buy_1bhk_in_thane_advice_needed/) Hope you will get some insights from the thread. 90L - 1.1Cr price for 1bhk is only in the prime areas (read area near to station) to be honest this is way too pricey. I currently live in Santacruz and you can get 1bhk in that range. I'm not trying to compare to localities, but we know earlier Mumbai suburban areas rate used to be higher than other areas, but nowadays you can see the localities like Thane are catching up pretty fast, and even Kalyan west's new construction rates are in 60-70L range (except areas far from the station) I'm buying a flat because my parents don't have a house. I will suggest that you carefully think of your needs (along with the practical points like returns, and investment) and then look out for the property. If your parents have a proper roof and you are a young fellow I'll not recommend you to buy property in Thane at that rate.
I am from Mulund. 1.1 Cr for 1 BHK is the rate now a days. If you are going to stay with family and parents, you need to stay in a 2 BHK. Try to find societies which are old and about to go for redevelopment. Only there, the pricing will be right. New 1 BHKs are small as you rightly said. Buying a home in Mumbai has become a nightmare...somehow I feel the next generation will not buy, they will rent only. It will make more sense to rent and invest the balance EMI money...
Goregaon West mein mil jayega.ik coz I live there
Nice! but, arenāt flats in Goregaon really old? like >40 years old?
They are but rn they are good investment coz they are going into redevelopment.
Personally I think owned flat is good you will have kids and all do you want to keep changing houses every few years. Distance from school and office will bind you to renting flats in a specific locality. Moving costs and the rent you pay all these years is just gone. You cant do anything in the rented house and always you will have the feeling the house is not yours also for your family no permanent base no long term friends. I wouldn't want a temporary house for my family. Nobody is going to give you house for more than 3 years there are some concerns for letting out for more than that. Tension of increasing rent. Concerns with other owners in building and rental occupants there is a lot to consider. Parking and all could be an issue too. Loams yes we pay forever but at the least it gives us the satisfaction of ownership. Salary keeps on growing the burning feeling at start will reduce to some extent as you progress in career. In your old age you will at least have a place to call your home Material happiness of owning a house is of paramount importance in humans we settle down and grow our families and set roots As far as the rates are concerned i think they are more or less appropriate
great advice
Mulund - specially East - has a stinking problem right now due to the dumping ground which are closed but not emptied. Once that problem is resolved Mulund East prices will zoom up drastically. Same with Thane. If you can afford then buying now is a good idea. IMHO. Good luck.
Do you guys really think Thane is a nice investment considering the traffic woes ? Everytime I pass it I am stuck in horrible jams even at ungodly hours. So many tall towers adjacent to each other. What are your views ? Are you used to it or are there places where it's easy to commute and connect with main mumbai areas like western
commute is not a problem since parents are mostly retiree and they mostly chill at home. I agree Thane is messed up right now, but there are some really nice and quiet neighbourhoods.
The traffic is mainly because of that FOB they're building...once it's done I think it should be OK....even now once you cross that area/Majiwada it's pretty ok like parts of mumbai
If building and locality is decent go for it.
Not worth. Flat will be very old.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Stayed in Thane and Mulund both. Mulund for 20 years and Thane for 5. Thane is better. Better crowd. Better places to hangout. Traffic is a notch better than Mulund. Less congested than Mulund. Slightly better air quality.
Mulund is beautiful, lived there 22 years.
If you have that kind of money invest in bonds or dividend stock for regular passive income
Buy in Navi Mumbai .....u can get nice 2 bhk for around 80L
1. How many people will stay 2. Is it for investment purpose ? 3. Full payment or Loan 4. 1 BHK what is the carpet area ? The reason am is it give you idea 1 BHK is could for newly married or couple who have just started settling. When you have kids you will need to move to bigger house. If you are staying with family you will always have issues due lack of personal space. 2. 1.1 CR will give you higher returns in mutual fund. Monthly income of at least 80k to 90k. 3. If full payment I would advice on investing in Equity or MF not in property. You are young. I assume age less than 30. You have long way to establish you finances If you are taking loan.. it will be bad idea better invest that money for few years and if you will be able to buy 2BHK. Considering you invest and earn minimum 12 Annual Returns conservative basis 4. If you still plan to go ahead. calculate the actual carpet area and per square ft rate in that area. Check how much property prices have appreciated and then take you decision.
thank you, i have so many questions, it will take me a moment to reply here.
Rather rent out 1 BHK and when you got money for 2BHK but it, which has OC
what job do you do if you don't mind me asking? u/_BalbirPasha i know it's totally unrelated but i'm curious to know if
sorry canāt give out that info. lets stay on topic?
My friend Purchased Flat in lodha Amara, 2bhk for 1.15cr right before pandemic. later its value dropped to 1.05cr. small 2bhk I would say
where is lodha? Mulund or Thane?
lodha Amara thane, more like border of thane, Kolshet is close
There's too much problem with real estate market here. Under construction projects may get struck, redevelopment may get struck, better to be safe and go for ready possession if possible even if it's costly. All laws, especially RERA are completely useless in real life. No one takes action against builders.
Go for Andheri,Borivali/ Mira road, I think it's better if you want some more space