Which projects to consider in Shilphata, Kalyan Dombivali Rd?- Property Hotline

Expert: Amit Goenka, MD & CEO of Nisus Finance.

Question: I'm looking for a property at Shilphata & Kalyan Dombivali Road. My budget is Rs. 50 to 55 lakh for a 2 BHK. This will be my second Home. I have shortlisted Marathon Nextown Phase 2 and Runwal MyCity Phase 2. Which is the better option keeping in mind a time horizon of 3 years?

Answer: Magicbricks.com shows that flats in Marathon Nextown will cost you between Rs 31.9 – Rs 47.6 lakh. Now let’s take a look at our spanking new EMI calculator. This will tell you how much you would have to pay for the home on a monthly basis assuming an interest rate of 9.35% over 20-year tenure for a home loan of Rs 25.52 lakhs; your EMI would be Rs 23,539.

Considering the project and considered time horizon Runwal Mycity is a better option. Runwal My City is the residential project by Runwal Group. Said to be world is only city designed by its residents, this project will soon be launched in Dombivali. This township project covers an area of 156 acres. The project has matchless location with excellent connectivity. For instance reaching important destinations will take just few minutes from here via Shil-Phata Junction, Kopar Station, Diva Station and Dombivli Station, which are just 8 to 15 minutes’ drive away from the site of Runwal My City in Mumbai. Upcoming international airport in Panvel can be accessed just in 30 minutes via car."

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