Is Kurla-Ghatkopar Stretch Ideal Investment For Investors and Purchasers

Close to work-space, next to market and easy on our money! Do you want your investment to fulfilall framework of being an ideal domicile? Here is a possible fortuity for you.

Ever since the four major alteration infrastructures- Eastern Freeway, Metro Rail VAG Line, Santacruz - Chembur Link Road and Monorail Phase 1 became operational; the time taken to travel from Kurla-Ghatkopar corridor to the eastern, western suburbs, South Mumbai and Thane has reduced.

The direction which took over two hours to cross, now with swift metro links take less than 30 minutes. Similarly, the Eastern Freeway has enabled the traffic to take a direct route to South Mumbai, rather than taking the Eastern Expressway.

This has attracted purchaser to the region, who are considering investment within a planned budget and at the same time looking for appreciation.

Suraj, an open residence user saysI have a budget of about Rs 70-95 lakh for investment. Can you suggest me the best places in Mumbai, close to transit corridors like Ghatkopar or Chembur?

Another open tenant user Sanchit Dalvi adds, Can you suggest whether the Kurla-Ghatkopar stretch would be available for personal use as well as investment? I have a plan of around Rs 45 Lakh?

As he travel to work places has reduced due to development, the demand for land in regions across the stretch of Kurla West, Tilak Nagar, Ghatkopar East, Sindhu Wadi and Ghatkopar West has increased in the last six months.

Vinil Kabra the Director of Kabra Estate and Investment Consultant. The demand for land has increased and is totally on the coasting of the land. The stretch has land in various plan ranges which works in favour of the corridor.

As per the analyses, a 1BHK apartment of 500 sqft in Kurla is offered in a budget range of Rs 65-80 lakh while the same sized apartment is coast at Rs 75-90 Lakh in Ghatkopar West. Similarly, A 2BHK unit of size 800-1000 sqft is available for Rs 1-1.35 crore in all the three regions.

If we talk about capital appreciation here, the recently released PropIndex (Jul-Sep 2014), the India Apartment Index by Magicbricks shows the highest capital appreciation of 6% in Ghatkopar West in the Last three months, Kurla West and Ghatkopar East have also witnessed similar trends of cost appreciation within a range of 1-4% during the same span.

Binaifer Jehsni, Director, Crisil agrees, In Mumbai, while most micro-markets are likely to see capital appreciation of 4% on an yearly basis during 2015 and 2016 micro –markets such as Thane and Kurla-Ghatkopar will mainly be driven by improved connectivity with the completion of four large infrastructure plans.

Since these regions are established place in Mumbai, the social and physical infrastructure is quite robust. However lack of open and parking regions in Ghatkopar east and Kurla are major concerns for the tenants.