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Chat Transcript

Ankur Dhawan

Chief Investment Officer ,

Should you buy your dream home now?


Questions Answered


guest: With GST kicking in and no price regulation in Bangalore and no proper connectivity, is it good to buy home

Ankur Dhawan: GST should not have any impact on your thought process on home buying as it is equivalent to Service Tax + Vat regime. Many builders are giving upfront discount to take care of input tax credits they will get once project is ready. Infrastructure in Bangalore has been weak, but recently there have been lot of work going on infrastructure. Metro work is progressing fast and road widening projects are being taken up. At present homes are available at attractive price, hence I will recommend to buy now rather wait for price increase.

guest: Good morning suggest a Good project for end use in sec 111, 112,113 n110a in Gurugram likely ready to move in next 3- 4 month

Ankur Dhawan: Sectors you have chosen are on Dwarka Expressway. We expect this road to complete only by end of year, 2018. If you are looking to buy ready to move in homes then you can look at Mahindra Aura. If you have higher budget then you can also look at Experion WindChants and Puri Diplomatic Enclave.

viveksinghrai: I am planning to buy 3 Bhk in Gurgaon and my budget is around 75 Lakh and minimum area is around 1700 sq/ft. suggest me a good ready to move option.

Ankur Dhawan: 75 Lakh budget will be less for 3 BHK in Gurgaon. If you are willing to wait you can look at Sohna where many developers have launched projects where you will find options in this budget range. If you are willing to increase your budget to 90 Lakhs then you can look at New Gurgaon belt i.e., Sector 89, 90, 93 where you can find ready options in DLF New Town Heights, Spaze Privy 84, Mapsko Royal Ville and Vatika township etc.

guest: I am leaving at Ahmedabad. I want to purchase new house. Is it right time ?

Ankur Dhawan: Ahmeadbad city has many options in ready as well as under construction. Right now both RERA and GST has been implemented in Gujarat hence real estate market has stabilized. Prices are right now attractive and have just started to climb up. I will recommend to buy right now rather wait.

guest: Sir I want to purchase a flat at DLF Ankur vihar,Loni Ghaziabad.about 21-25 lakhs budget .pl suggest future prospects of that area. thanks sir

Ankur Dhawan: In the budget you have mentioned there are very few options in Delhi If you are willing to move little further away then you can look at Raj Nagar Extension which is developing better and will have better connectivity than Loni.

suku_ajish: HI Sir, Please let me know business oppurtunities if we have multiple properties. which is fetch more return commercial or residencial properties.

Ankur Dhawan: Commercial properties are rent yielding instruments. Typially in a shop or in office space rental yields are 7 - 8% whereas on residential flat it is only 2%. Therefore if you are looking for regular return than go for commercial property. But if you are looking for capital appreciation then residential properties have better chance. In residential properties you also can avail home loan where you can get additional tax benefits.

suku_ajish: for investment purpose does buying an apartment makes sense now.

Ankur Dhawan: Investment in apartment can be done but you will have to be particular about localities which have potential to give price appreciation. For e.g. you will have to find out areas which are going to develop in future either because of metro connectivity or highway construction or airport etc. Price appreciation is slower in already developed area and they are more suitable to end use rather investment.

guest: Is it advisable to purchase a 12-14 year old flat in hyderabad in madhapur area? I am looking for a flat in madhapur area, which is very close to the IT companies. A new flat in this area will cost around Rs 1.00 crores which the same size flat will cost around Rs 50 lacs if the flat is around ten to fifteen years old. But what will be the resale value of the old flat and overall whether is it worth investing Rs 50 lacs in old property?

Ankur Dhawan: If you are looking for end use than you can consider an older flat, provided building is well maintained and your flat is good. The reason such flats are cheaper are because of lesser amenities, unclear papers, or poor construction. Once you have verified these issuse, you can buy such flat. Resale value of such flat will be lower than market going forward. Hence it is not advisable for investment purpose.

hemant kamat: In pune, investing in township will pay in long term. Your view on Nanded city.

Ankur Dhawan: Pune has many new townships being launched with good amenities and construction. Investing in townships is better than investing in standalone buildings as due to larger community maintenance is better for township. Also you can avail some of the facilities such as school, shopping area etc. within township. Nanded city is a good township in Dhayari and will be good for end users to buy.

hemant kamat: Sir, One should wait for investing in Pune or it is right time to go for.

Ankur Dhawan: Pune is one of those cities where prices have already started appreciating. I will not recommend waiting if you are looking to lock a good deal for your home.

guest: Is it the right time to invest in a commercial property in Mumbai

Ankur Dhawan: Commercial properties are in high demand in Mumbai as rentals have increased over last year. Hence prices now will be higher compared to last year. If you can find a good deal, then please go ahead.
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