Andheri East
Kolte-Patil Developers, one of the biggest realty developers in Pune has entered into agreements for two redevelopment projects in Mumbai’s western suburbs. The cumulative area of both the suburban redevelopment projects is around 600,000 sq ft, the company said in a release. The first project for redevelopment is that of Jay Vijay co-operative housing society at [...] Continue Reading »
Banks and financial institutions are threatening the developers to auction their properties worth thousands of crores in case of failure of loan repayment. In one of the latest cases, over two dozen nationalized banks, led by United Bank of India (UBI), are auctioning the properties of barely Rs. 31 crore worth while trying to recover [...] Continue Reading »
Mumbai: Redevelopment seems to be a logical solution to meet the housing need of Mumbai city. This solution can also become a boon to improve physical and civic infrastructure of the city. The new DCR rules allows FSI of 4 for all cluster redevelopment in the specific areas of MMR (Mumbai Metropolitan Region), which is [...] Continue Reading »
In the Jan-Mar 2013 quarter, Mumbai has witnessed a slow down in the property launches. If sources are to be believed, then it was less than the Oct-Dec 2012 quarter launches which may be due to festivals like Diwali. As per research firm Liases Foras, in the Oct-Dec 2012 quarter, all over India including Mumbai [...] Continue Reading »
Andheri East, one of the prime localities in the western part of Mumbai is witnessing constant price hikes of apartments in recent times. Three months ago, multi-storey apartments in Andheri East which were priced at Rs 12,000 per sq ft have now come up to Rs 15,000-17,000 per sq ft. Furthermore, average prices for residential [...] Continue Reading »
After being a successful venture in the TV and film industry, Ekta Kapoor‘s Balaji Group has now entered Mumbai’s real estate market. The foray consists of two initial projects: a commercial complex in Chandivli, Andheri East, and a residential one in Mira Road. The land parcel had been bought by Jeetendra in auctions and now [...] Continue Reading »
In spite of developers struggling with their debts in Mumbai, rentals have been soaring. Increase in rents across the city over the past few years has contributed to a record rise. Rentals in Mumbai are now at par with the highest rental rates in the world. In Andheri (East), the rent for a 3BHK apartment [...] Continue Reading »
Andheri East has become the new commercial hub of Mumbai. The area enjoys good connectivity through Jogeshwari-Vikhroli Link Road (JVRL), Andheri Kurla Link Road, the Versova-Andheri-Ghatkopar metro link and it has benefited the markets of Andheri East. Andheri East has a cost advantage over traditional commercial hubs such as Bandra Kurla Complex (BKC) and Nariman [...] Continue Reading »
All the work done by Brihanmumbai Municipal Corporation (BMC) before the start of monsoon has been showing its real colours. With 15 minutes of rain, Andheri East residents saw the whole of area water logged and heavy showers are yet to come. It happened on the Andheri-Kurla road stretch. Till date, the areas has 20 [...] Continue Reading »
