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Mumbai Metropolitan Region

Property price keep appreciating even as buyers keep away

Property price keep appreciating even as buyers keep away
Even though the demand in the real estate market remains sluggish, property prices have seen a rise. National Housing Bank (NHB) data shows that in the metros, Delhi and Mumbai have recoded property price appreciation of 33.3 per cent and 22.65 per cent, respectively, through the last two and a half years. Jaipur has topped the list of cities [...] Continue Reading »

Realty worsens in last 6 months; stakeholders hopeful

Realty worsens in last 6 months; stakeholders hopeful
In one of the first real estate sentiment indices, Industry body FICCI and residential and commercial property consultancy, Knight Frank India have concluded an overall negative sentiment for realty across all zones including the National Capital Region (NCR) and Mumbai Metropolitan Region (MMR). The index further cited that the mood have got worse than what it was in the last [...] Continue Reading »

Home sales see an increase in December quarter

Home sales see an increase in December quarter
After a number of quarters of unsatisfactory growth, the home sales bounced back in December quarter with a 22 per cent rise in top 6 cities, according to property research firm Liases Foras. Bangalore posted the maximum gain with home sales growing 58 per cent over a year ago between October and December while the [...] Continue Reading »

Housing stock almost doubles in key cities of India

Housing stock almost doubles in key cities of India
In the last three years, the number of unsold housing units in prime cities such as Delhi-NCR, Mumbai and Hyderabad have nearly doubled, indicating that the real estate in India would need a long time to recover from. Liases Foras, a real estate consultancy and research firm has revealed that the stock level of residential [...] Continue Reading »

Residential properties witness an upward trend despite falling IT revenues

Residential properties witness an upward trend despite falling IT revenues
Compared to other real estate markets, Bangalore residential real estate market continues to grow. Inspite of falling IT revenues, in January and February 2013 the infotech capital of India saw an absorption of  Rs 2,740 crores, up 50 percent year on year, the highest in the last five years. Residential sales growth has been driven [...] Continue Reading »

Mumbai Property exhibition begins on April 11

Mumbai Property exhibition begins on April 11
The MCHI Credai property exhibition, which spreads across 200,000 feet of land, will be held from April 11 to 14, 2013 at MMRDA Grounds. This is the 21st Real estate and Housing Finance Exhibition, where home buyers are welcomed and make the decision on home buying. The developers is going to showcase 12,000 plus properties spread [...] Continue Reading »

Lease on plots in Mumbai expired long back, still fetches revenue

Lease on plots in Mumbai expired long back, still fetches revenue
The 40% of government leases of the plots in Mumbai have expired long back, some as far back as the 1950s. Of the 1,282 plots leased, the lease of 532 plots had expired and the government has not bothered to renew it. 51.66 lakh sq mt of leased land situated in South Mumbai is fetching [...] Continue Reading »

Unsold properties piling up in Mumbai, developers likely to reduce prices

Unsold properties piling up in Mumbai, developers likely to reduce prices
Mumbai- Due to a reducing number of property bookings, the inventory of unsold properties in Mumbai is piling up which is further forcing the developers of the city to decrease property prices. According to real estate consulting firm Knight Frank, the number of unsold inventory of the real estate projects in Mumbai has increased by [...] Continue Reading »

Rental values falling drastically in the metro cities

Rental values falling drastically in the metro cities
It has been found that there is a downfall in the rental value mainly in the metro cities, however, the price of the property remains constant. Rental values have reduced to one percent in the Mumbai Metropolitan Region and the National Capital Region (NCR) which was 3-5 percent in 2010 and 2-3 percent in 2011. [...] Continue Reading »

Civic study shows Mumbai has grown in size

Civic study shows Mumbai has grown in size
As per a recent civic study, Mumbai has grown in size – by 20 sq km of land. A survey to map the city’s existing land use (ELU) shows that Mumbai has grown from 438 sq km (as per the 1991 development plan) to 457.17 sq km. However, the new finding is contrary to marked [...] Continue Reading »



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