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Andheri

HUL focuses on selling properties in metros

HUL focuses on selling properties in metros
Hindustan Unilever Ltd (HUL) is now thinking of disposing of its residential properties and plots after selling/leasing out its commercial properties last year. The consumer goods giant is focusing on selling these properties basically in the metro cities which can garner revenue of Rs 100 crore. About two dozen apartments and land parcels in posh [...] Continue Reading »

Dream ride in Mumbai Metro by June 2013 to come true

Dream ride in Mumbai Metro by June 2013 to come true
Is it possible for the residents of Mumbai to take their dream ride in a Metro by June 2013? The construction of the Metro bridge over Western Railway tracks near Andheri has been completed. Huge cranes have been installed in the last panels, carved in irons which resembles the Howrah bridge structure, atop the pillars [...] Continue Reading »

Flat sold for Rs 28 crores in Mumbai

Flat sold for Rs 28 crores in Mumbai
Citibank, the leading foreign bank had put a flat for sale in 2008 in Malabar Hill‘s IL Palazzo building and Vinod Khanna, bollywood actor was the highest bidder with a record bid of Rs 1.20 lakh a sq ft for the 2,550 sq ft flat. But the actor did not go through the flat at that time. [...] Continue Reading »

Old buildings in Mumbai have more resale value

Old buildings in Mumbai have more resale value
A recent survey by broking house Karvy shows that old apartments in Mumbai have more resale value and provide better investment opportunities as compared to new properties. The survey included inspection of 65 Mumbai and suburban properties. The higher resale value attributes to redevelopment prospects of the old properties. Also the fact that new projects [...] Continue Reading »

Mahindra buys plot in Andheri

Mahindra buys plot in Andheri
Mahindra Lifespaces, part of the Mahindra Group, has purchased a three-acre plot in Andheri owned by Nycomed Pharma Pvt Ltd. Mahindra purchased the property for around Rs 205 crore, or Rs 65 crore an acre. The 12,000-sq m plot currently houses a bungalow, two guest houses, a research and development facility and an electric sub-station. [...] Continue Reading »

Chandivali: Fast growing suburb of Mumbai

Chandivali: Fast growing suburb of Mumbai
Chandivali, a suburb of north-central Mumbai, has developed at a rapid space. There has been a 20 per cent hike in property prices of multi-storey apartments during the July-September quarter as compared to the April-June quarter. Along with the price appreciation, rentals of multi-storey apartments too have gone up by 19 per cent during the [...] Continue Reading »

Office space absorption highest in Mumbai

Office space absorption highest in Mumbai
Mumbai has topped the office space absorption across cities in Q3 of calendar 2012. Real estate consultancy Cushman & Wakefield reported that the total office space off-take was 2.23 million sqft (msf) in Q3, which has increased by more than 50 per cent over the previous quarter. Chennai was second with 1.32 msf  in office [...] Continue Reading »

Supply exceeding demand in Mumbai’s commercial leasing

Supply exceeding demand in Mumbai’s commercial leasing
While there has been a slight surge in the leasing of prime commercial spaces across key cities in 2012, Mumbai’s commercial market is still witnessing supply exceeding demand. According to a survey by CB Richard Ellis, office space absorption was registered at above 7 million sq ft in the second quarter of 2012, compared to [...] Continue Reading »

Old buildings to undergo redevelopment in Andheri

Old buildings to undergo redevelopment in Andheri
In Mumbai, a city of ever increasing population, recent emphasis is put on redevelopment. Especially in areas like Andheri, where old buildings are in almost dilapidated condition, the government has encouraged redevelopment of these buildings which has attracted big developers to come forward. Experts support the initiative as they are of the opinion that redevelopment [...] Continue Reading »

Speedy Metro construction gives relief to residents

Speedy Metro construction gives relief to residents
Residents of Andheri (W) are now relieved as the Mumbai Metro construction works pick-up speed. From years together, residents have been suffering of traffic jams and broken drainage systems due to the slow progress of metro construction. Shashi Mehta, a resident of Four Bungalows, said that residents along the J P Road stretch, starting from [...] Continue Reading »



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