What is the premium one should pay for a flat which is certain to go under redevelopment in a few months?
Answered on November 08, 2017
Depends on individual, generally, any property under going redevelopement fetches compensation towards rental expenditure for temporary accommodation, corpus fund to take care of maintenance charges for the new apartment, and additional area. Hence, one can calculate and evaluate to offer price to buy an old apartment after checking the on going price for the new apartment offered in that vicinity.
