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4 BHK apartments sold for 7 crores, a new record in the Indian Realty

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Indian Real Estate segment turns extravagant and reverse otherwise, yes, if the revealed sources to the www.propertykhazana is to be believed then the Nation’s financial capital has set a new record. The sources say that the 4 BHK flat in Khar off Mumbai outskirts with carpet area exceeding 3200 square feet was sold for an unbelievable amount of 7 crores. on the other side taking the salient features into consideration the apartment is not different from its competitive one’s in the locality and of course it is provided with two luxury car parking, floor covering the Italian marble, modular kitchen, high-end light fittings, furniture, bathrooms and toilets with branded accessories, landscape and all built according to Vastu.
In fact, the area played a major role in the sale because Khar is idealistic for all happenings and celebrations, hosting parties and so on; many star hotels are the area landmarks. As per the sources available to the www.propertykhazana.com the realty value of the area ranges from 20,000-25000 per Sq.Ft and the market price is between 6-6.5 crores and the buyer has shelled out more than the market price for the said apartments.
Similarly, the realty deal at Gurgaon was another record I the NCR and here an apartment of 5 bedrooms with all modern amenities and facilities with carpet area of 4200 Sq.Ft was sold for 6 crores and ultimately, the Mumbai realty deal has washed out the record set by the Gurgaon apartment. Finally, the buyers seem to be crazy making such crazy deals.
Source: NIMMA BENGALURU

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