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Hi. I am considering to invest in real estate in Begur Road locality. There are 2 projects which I have shortlisted Opera Canopus and Aratt Vivera?

By Nikku   2 years ago  22 views
 
 
 
 
 
ANSWERS (1)
 
 
 
 
Anjana 2 years ago
Hi Nikku, first of all, I would like to tell you that Opera Canopus is an under-construction project whereas Aratt Vivera is ready to move. Talking about Begur Road, the area has immense scope of appreciation in capital values since it is currently developing with a rapid pace and is gathering consistent demand from IT workforce due to the presence of MNCs like TCS, Wipro and Infosys in proximity. Infra upgrades such as Begur Road widening project is there which will help to decongest and thus improve liveability index of the locale. The increasing demand of locality will result in price appreciation in future. If you want to enjoy returns from investment [at least for about 5-6 years], then you should go for Opera Canopus since the project is near completion in Dec 2019. However, if your sole aim to make an investment for earning rental income, Aratt Viera should be your preference as the project is already completed in Nov 2017. So, you can put a property on rent and earn an income of Rs 18000 to Rs 22,000 which you can use to pay EMIs.
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