Can someone advise me on the future of property rates at Cuffe Parade, (Mumbai)? will they rise/fall?

Question

Hello everyone. Ive been concerned about the future of my Cuffe Parade apartment in South Mumbai. Are real-estate prices at a locality like Cuffe Parade expected to rise or tumble in the near future? Would it be a good decision to sell my apartment, (which should fetch quite a good amount due to the property boom in Mumbai), and relocate myself to a moderately priced apartment, thus reaping the monetary benefits of the difference in property rates, or should I wait, as the future may see higher property rates at a place like Cuffe Parade? Your help would be appreciated. Thank You.

Answer 1

rise

no

fall

NO

rise

....

definetly fall

Answer 2

Cuffe Parade is like Peddar Road, Colaba, bandra (west), Khar(west) etc. Premium!!!!! It'll rise but hold steady after 2 years.

You have to ask yourself, if the money will be of big help/use now? Are you ok with downgrading the living to a less expensive (but bigger) residence.

If yes, then you should sell and move on but if you decide to comeback to CP you'll have to pay more.

It's a one way ticket journey for you.