Ms Artha Property Real Estate Services has today advertised luxury apartments starting at Rs 1 crore (approx $220,000) in today's newspaper. If you live in any of the four or five big cities, you must be reaching for your cheque book. I almost did. Hold on. These properties are not in Gurgaon, Noida, Bandra or Andheri. Actually, perish that thought. These properties, we are told, happen to be in the French Alps (Viry). Oh, that's just 10 km from Geneva.
The luxury apartments advertised range from 470 square feet to 870 square feet + balconies. Of course, 75% finance is available (from a Swiss Bank I would think) at 3.4% interest and monthly EMIs are lower than Rs 20,000. And Ms Artha Property promises that possession is April 2013. Now that concerns me. But site visits are promised in March, so reckon you can go see for yourself. Which is doing better than many folks I know who bought properties without seeing anything in Mumbai. And they still are'nt seeing anything…
The luxury apartments advertised range from 470 square feet to 870 square feet + balconies. Of course, 75% finance is available (from a Swiss Bank I would think) at 3.4% interest and monthly EMIs are lower than Rs 20,000. And Ms Artha Property promises that possession is April 2013. Now that concerns me. But site visits are promised in March, so reckon you can go see for yourself. Which is doing better than many folks I know who bought properties without seeing anything in Mumbai. And they still are'nt seeing anything…