We visited Karjat last week - Karjat is about 2 hrs from CST on the central line, however, soon local trains would start running on the harbour line track which will reduce the commute to about an hour and fifteen minutes. As a result a lot of developers have started looking at Karjat to launch new affordable housing projects.
We visited three such projects - all at an early stage; two of them are yet to start construction. But we were quite happy with the price dynamics in the area. As of today, land is quite cheap, and thus a 3.5-4.5 lakh 1-BHK is still feasible. This is great news for a lot of people who earn between 8-15k per month and can afford an EMI of 3-4k per month. While we understand it is difficult to move to Karjat today as it is quite far from the heart of the city, it is a great opportunity to buy a home of your own for later, once good quality infrastructure develops in the area.
In our view, Karjat has the potential to be the Virar of the central line - roughly same commute from Churchgate/CST (once the new line is operational) and much cheaper properties.
All three projects are currently being reviewed by the project approval committee, more details will follow once they are approved. (Tentative launch date - Gudi Padwa - 16th March)
4 comments:
WE HAVE BOOKED A 1RK WITH TMC ON FEB 2009, TILL DATE WE HAVE NO UPDATES WHEN THE WORK WILL START , NO ONE IS BOTHER TELL TRUTH, WHY IS WORK STOPPED & WHEN IT WILL START ??? PLEASE HELP IN THIS CONCERN
tmc should disclose the reality , if tmc not cheating , then tell the truth.
people are investing their hard earned money & tmc is quite , not updating it's customers if this project is going to start & is going to complete, or just ......................
It is an unfortunate situation. For info, this project (TMC) is not approved by MHFC.
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