Navi Mumbai: Roadpali offers value for money homes
Dec 01, 2013
Source : The Times of India

 

MUMBAI: Over the past one year, Kharghar has undoubtedly become one of the most sought after locations in Navi Mumbai. It boasts of a huge 200-acre recreational facility in the form of Central Park, an already functional golf course, a grand under-construction ISKCON temple, broad internal roads, planned infrastructure and Metro rail connectivity.

As a result, Kharghar is now out of reach for many middle class buyers. It is fast becoming affordable only for the upper middle class and above segment. If you are looking to stay in a radius of 3-4 km from the railway station or the highway, a 1BHK would cost more than Rs 45-50 lakh and a 2BHK upwards Rs 75-80 lakh.

Any budget less than that and you are relegated to a distance of 5-6 km from the railway station and the highway, in Sectors 34 or 35 of Kharghar. Even in these sectors, a 1BHK would cost upwards of Rs 35 lakh and a 2BHK in any tower project ie more than 7-storeyed structure, would cost above Rs 65 lakh.

Roadpali, which is a developing node near Kharghar, gives more value for money as compared to the latter.

However, ironically, either the developers/agents have not been able to emphasize these advantages to the prospective buyers or the buyers have not been able to grasp the same due to the lack of basic infrastructure in Roadpali today.

A comparative chart below would adequately highlight the advantages:

 

 Roadpali boasts of a newly constructed Police Head Quarter and a mega size super specialty hospital being constructed by L&T. All land parcels are CIDCO allocated and legally of the same status as Kharghar land parcels. Hence, all major bankers have given the same approval status to Roadpali as to Kharghar.

Given the subdued sentiments at Roadpali today, many developers and re-sellers (investors) in Roadpali have begun accepting full cheque payments for their properties. This makes it a more viable proposition for the salaried class, who rely more on bank finance.

Once the internal local bus services and auto services start plying from the highway and kharghar railway station to Roadpali (which should take around one year), this location is likely to beat Sectors 34 and 35 of Kharghar as far as pricing is concerned.

Not only that, since the location is adjoining Kharghar, you can enjoy all the recreational facilities like Central Park, Golf Course etc offered by Kharghar while staying in Roadpali. Further, you are as near to the upcoming International Airport from Roadpali as from Kharghar.

Hence, if you are not desperate to occupy your property immediately and can wait for the next one year, then it would be beneficial to buy a property in Roadpali at a lower price today, rather than spending 20-50 per cent more in Kharghar.

 

 

 

 

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