Kolte Patil Property - Rental Investments
Jun 19, 2015 08:57 AM
36233 views
(Updated Jun 19, 2015 08:58 AM)
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I understand that there's been a lot of extrapolation and exaggeration with respect to how much buyers are going to lose just because they invested in a KP property. Let me just give you my own views. Personally, I feel it is one of the safest choices out there.
When you're dealing with a builder like Kolte Patil, who have proven their worth in a real estate market like Pune, I fail to see where all the concerns are coming from. They are an a-khata builder with a lot of projects in their kitty. Yes, there are delays, but when haven't there been delays when it comes to real estate? They are all to do with getting approvals from DA and I believe that this issue has already been sorted out as early as January 2015.
Coming to doubts regarding rental investments. in terms of a rental or investment project, Kolte Patil Mirabilis is a really good option, because the projected rental returns have been placed at?18, 000 for a 2BHK, with a growth rate of 10-12%. The project is located in a residential area, well away from the hustle and bustle of the city. The rooms are of standard size, accepted by market norms. However, they are subject to a size increase, in which case the owner stands to gain a rental increase. It has been deemed as a "value for money" investment.
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