It is located at a place surrounded by area with scenic views in the heart of nature being planned to meet at-least the regulatory requirements with safety and development. Although it is an ideal investment opportunity, 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 period of investment.
- The builder is 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.
- 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 three years. - Common areas are not well developed even after three years.
- Amenity area is still in the custody of builder and nothing has been planned so far.
-Also the condition of internal roads has badly deteriorated with in three years.
Any one interested may invest as rates will 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.
No comments:
Post a Comment