Lower Parel
As the companies tighten their rent of outflow and shift offices to new areas, it seems to be causing a transfer of housing realty as well. In Mumbai which is the world’s 16th costliest city to buy a home in, the luxury housing boom has spread to new locations like that of Lower Parel, Worli [...] Continue Reading »
Neha Khandelwal aged 32 works for a financial services firm in Mumbai’s Lower Parel business district. She had booked a one bedroom, hall and kitchen home, one BHK flat that has been put on resale in the suburban Chandivali for a price of Rs 85 lakh. Looking into the price of a brand new one [...] Continue Reading »
At a Lower Parel location in Mumbai, renowned city-based realty player, Omkar Realtors and Developers, has launched upper floors of its premium residential project – Veda Exclusive. The Veda Exclusive residential project is strategically located on the eastern edge of south Mumbai, off Jerbai Wadia Marg. The luxurious apartments comprising the core of the project [...] Continue Reading »
Ceejay House in Mumbai, which once demanded the highest rents, is far more affordable today. Rents per month have plunged to between R300 and R350 per sq ft and while to the rest of the market these may be at a premium, they’re way lower than the average seen six years ago of R400 to [...] Continue Reading »
Commercial offices are moving up north and Nariman Point is seeing lesser takers. In fact, old Mumbai’s central business district (CBD) is losing its glory. A report by JLL, titled Mumbai Offices 2020, explains that the transition is due to lack of quality office stock and the complicated ownership structure that was evident throughout South [...] Continue Reading »
SBI capital bought the space worth more than Rs. 70 crore from Marathon Realty through a tender process that concluded last week. This office space is for shifting the operations of SBI Cap’s broking subsidiary SBI Cap Securities Ltd (SSL) from its present location and some activities of the investment bank’s operations. The investment bank [...] Continue Reading »
Discounts and offers from real estate developers are common but during this Navaratra the real estate developers are offering huge discounts and flexi payment scheme to attract buyers. The reasons behind this response are that the real estate market is noticing oversupply. As per Cushman and Wakefield there was 12 percent decrease in new launches [...] Continue Reading »
Real estate prices have remained untouched in last quarter of 2013, regardless of political uncertainty, liquidity issues, high interest rates and cautious sentiments. Property rates at Colaba, Marine Drive, Dombivali, and Ambernath went down by seven to 13 per cent whereas rates went up by 10 to 12 per cent at places like Hiranandani, Lower [...] Continue Reading »
About 26 developers are at the receiving end as they have failed to hand over the state government’s share of tenements. Also, the builders have ignored the notices that had been sent to them by the state urging them to hand over the buildings soon and also pay the penalty for the delay. Maharashtra Housing [...] Continue Reading »
Property prices in Mumbai are forecasted to come down due to factors like high prices, lower demand and liquidity issues. Also, at the same time due to no new launches in Gurgaon, prices may go up, as per a report by Bank of America Merill Lynch. As per reports, in last ten years, property prices in Mumbai have [...] Continue Reading »
