It is surrounded by area with scenic views of nature within the state of Maharashtra and being planned to meet at-least regulatory requirements. Although it may be an ideal investment opportunity, however, we may consider the following points before investing our hard earned money: -
- Dodamarg is a far flung and remotely located Tahsil of the last district of Maharashtra, Hence it may bear least priority for the development works.
- Although, the area is near Goa Boarder but is part of Maharashtra and may not appreciate as properties with in Goa.
- The project is located in a rural area and it will almost remain rural for long time restricting the prospects of appreciation.
- The developmental works in the area are very limited with limited appreciation opportunities.
- Limited resale prospectus in the area reducing the return on investment with prolonged period of investment.
- The builder is also likely to charging 10% on resale reducing the return on investment for the investor.
- The actual resale is almost at 50-60% rates only in times of need and difficulties are being faced for resale of land in this area reducing the return on investment.
- The quality of construction and civil works is clearly visible now deteriorating with in two to three years.
- Many developmental works are still pending even after two years.
- Common and Amenity areas are not well developed even after two years.
- The other areas being developed by the same peoples are also not in a very good state and with 40 to 50 % resale value only.
Any one interested may invest as rates may certainly raise with time but how much in comparison to the other hot-spots for real estate sector is certainly a question mark. Also, the resale of these plots is very very difficult when some one is in urgent need of funds and the promoter is also charging 10% of sale value for the plots sale deed not executed further reducing the return on investment for the buyers. Please do take a well informed decision to avoid repentance in future.