Friday, November 21, 2008

The township advantage

Note:

This article is an ideal example of "news marketing" current trend of converting advertising message into news story. But it is worth reading.

Mr. Prakash Gurbaxani represents Indian and foreign direct investment in Indian real estate. Mr. Satish Magar, you know, represents farmers' direct investment in real estate. Both share one common reference - Indian Growth Story - now, history! So while reading the story, we should remember what Karl Marx said:

History repeats itself, first as tragedy, second as farce.

Should You Invest?

“Due to changing preferences of customers and the expected higher demand for township homes, these become a better option for investment. Also, since integrated townships are self-sustaining, they are less vulnerable to volatility in the market,” says Prakash Gurbaxani, CEO, QVC Realty. On an average, 10-12% annualised appreciation is a reasonable expectation over a 5-7 year timeframe, the property value would double in 6-7 years, he adds.

“At Magarpatta City, people who booked flats in 2000 did so at Rs 1,000 a sq ft; now the rates have gone up to Rs 3,500 a sq ft. Many people have sold their flats and upgraded to bigger ones. That is a much better return than anything within Pune city,” says Satish Magar of Magarpatta City.
To read more, please, visit - Rakesh Rai - Money Today

Related Stories:

1) Truth about Nanded City Pune: Land belongs to the farmers but we own our homes and it's our town

2) How many cancellations happened at Blue Ridge?

3) Should i cancel my booking at Nanded City Pune?

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1 comment:

  1. Will the rate of Nanded city be Rs. 12250 per sq. feet for residential property in 2015?
    Same time period as Magarpatta City and similar calculation applied.

    Magarpatta city was a great concept with low base effect. Nanded city is also a good concept but the base effect is widened here.

    ReplyDelete