Flats in Mumbai
The price of apartments in Mumbai are in the increasing side while the builders are not ready to reduce the price. Though the number of unsold flats are high in Mumbai, builders and developers refuse to lower the cost of apartments in Mumbai. The sales ratio did not improved as the buyers are not confident [...] Continue Reading »
Due to the cash crunch in the real estate market, the builders are coming up with new option to sell their projects. As the sales in real estate market is considerably low, the cash flow also reduced. It is not easy of getting bank loans now a days for the builders. To enhance the cash [...] Continue Reading »
Andheri east is emerging with best residential properties in Mumbai. The area is adjacent to industrial area with IT hub, and the international airport is in close proximity. Though the price appreciation in entire Mumbai is showing a downward trend, Andheri is on the opposite side. A good 34 percent of price hike is observed [...] Continue Reading »
Sheth Developers Pvt. Ltd. in Mumbai finalized the deal with Morgan Stanley Real Estate Investing, (MSREI) for an investment of Rs 450 Crore. Sheth developers will invest the amount for theirupcoming project in suburban Andheri area. The builder is expecting to generate revenue up to Rs 3500 crore in next couple of years from the [...] Continue Reading »
The Brihanmumbai Municipal Corporation (BMC) notified that any residential and commercial projects near Arthur Road Jail must obtain clearance permission from the central jail. Accepting the necessity of safety and security, the builders expressed their concern in additional delay in projects. The real estate industry thinks that the government is making the processes more complicated [...] Continue Reading »
The Maharashtra Housing Regulatory Development authority (MHADA) released a notification to reserve 20 percent of space for the weaker section of the state. As the state aims to provide home for the all sections of people in Maharastra. The government made it as an appeal to the real estate builder community to help people of [...] Continue Reading »
The development control regulation made some changes in the regulation and follow up to this several projects will be launched in next few months. This leads to clearing the projects which were pending from long time. According to a real estate research organization there are more than 1lakh unsold apartments in the Mumbai region. Hence [...] Continue Reading »
The Mumbai State Government has decided to promote for a n amendement in the Indian Registration Act(IRA 1908). The government wants to authorize banks to register propertydocuments, license agreement, mortgage deed and hypothecation certificate. The state MPs will consider the proposal in the upcoming Parliament budget session. According to a senior official that this delegation [...] Continue Reading »
The land rates in Mumbai has witnessed a sharp downfall! The significant price fall in flat and apartment rates has therefore resulted in the decline of land rates in the city. Real estate experts say that the flats in Mumbai are sold for moderate rates when compared to previous year! This has been considered as [...] Continue Reading »
Real estate prices boomed in the recent times and the property buyers are nowhere interested to purchase one at this point of time. These reasons have left nearly 32000 flats in Mumbai city unsold. Its a fact that the fluctuating real estate rates are scaring the property buyers in the city. Also the real estate [...] Continue Reading »
