Latest Answer: Hi,
But on the other hasnd, total new launches, across top cities decreased by 11% q-o-q to 67.1 million sq-ft. with Bengaluru witnessing the highest addition of 15.8 million sq-ft. The NCR witnessed 61% declining in new launches during the qtr.
Q:The Mumbai Metropolitan Region continues to remain the no. 1 property market in attracting investor interest, in spite of being the most expensive in the country.
Latest Answer: Yes, and the performance for these cities reveals learning from past experience. While investors remain careful about which cities to invest in, what is interesting to observe is that the ratio of structured equity and debt was more than half of the total investments received.
Latest Answer: One trend which I see frequently happening as a result of this is once the project gets delayed, the cost of the project sporadically goes up and more delay adds to the problems of the developers. When banks do not give loan for buying land, the developer resorts to raising the money through private money lenders and private equity. The private money lender then enters the picture offering loan at high interest rate.
Latest Answer: It means, the MHADA tenements will then need only construction cost. This will surely reduce the prices of flats further down even in the private sector. However, there will be no impact on the realty prices in Mumbai.
Q:Developer K Raheja Corp has bought 30 acres in the Ghansoli area of Navi Mumbai for Rs 210 crore from US-based specialty chemicals company Cabot Corporation.
Latest Answer: Hi everybody,
Yes, the 2 plant closures mentioned above are consolidation of manufacturing facilities, with the shutting down of older facilities and re-direction to more modern facilities.
Q:Mumbai real estate has been witnessing a bearish movement over the last couple of yrs. due to bad economy and sky-rocketing property prices in the city.
Latest Answer: For the year ended March 2015, Lodha Developers' bookings stood at Rs 7790 crore with sales of 6.7 million sq-ft. Lodha Developers has total land reserves of over 4760 acres. The rating by India Ratings reflects their strong fundamentals, operational and sales expertise and high quality land bank.
Latest Answer: I agree with the Ujwal's point of view.......to increase sales, developers have no choice than to cut property rates. We have seen that in most of the under construction projects, builders are keeping low prices.
Year-to-year, prices have come down almost by 0.95% and 3.23% in MMR region and Mumbai, respectively. The quarter-to-quarter fall is 0.99% in MMR and 1.51% in Mumbai.
Latest Answer: Yes the development plan of Mumbai in coming years to boost the price of real estate. The project like Coastal road project, clearance of Navi mumbai International airport, Trans habour sea link, CST-Panvel 6 line connectivity will definitely raise price bar.
Latest Answer: The event started first in cities such as Mumbai and Delhi as the investor component in these cities is higher and investors don't typically care about the size of the apartment. While in Mumbai Metropolitan Region, the trend first started in the suburbs and Thane, and later extent to Navi Mumbai, which at the begining had a lot of investor interest. But now they understand the trick.