Mumbai real estate sector
The data shows that the monsoon does not dampen the sentiments in the real estate segment. The economic climate, not monsoon, is what determines the fortunes of the players in the real estate sector. For instance, in 2009-10, the most recent low rainfall year, Mahindra Lifespace Developers saw its revenue nearly double and profit jump over [...] Continue Reading »
The infrastructure projects of Mumbai which have already been completed this year had major effect on the micro markets adjoining it. The experts have recently mentioned that the financial capital can really see a rise in the prices. Ramesh Nair of COO, Jones Lang LaSalle India, said that homes and offices which are located close [...] Continue Reading »
There is a joke that Delhiites are well grounded while Mumbaikars fly high. People, who know about the reality of the property market, know that higher the floors go up, the prices rise. Prices for pool facing or sea facing apartments are even higher and Mumbaikars are ready to pay almost double the sum for such [...] Continue Reading »
Recently, it has come to our notice that the developed city of Mumbai has been rated as the top most cities in India on matters of property investments in the UAE. Bangalore comes right after that. This vital piece of information has been derived out of a survey conducted. According to a survey by Sumansa [...] Continue Reading »
Maharashtra’s Mumbai finally decides to put efforts and increase its residential footprints. Out of the details given by Crisil Research, Ghatkopar micromarket consists of important areas including Ghatkopar, Chembur, Kurla and Vidyavihar. The micromarket is to be responsible for around 3% of the entire supply of homes in the city of Mumbai. Out of this, [...] Continue Reading »
There is good news for the real estate market as the banks and financial institutes are keen to lend for commercial and residential projects. Canara bank and Andhra bank and 4 other banks have formed a consortium to lend Rs 890 crore in bank finance to Mumbai based Lodha Builders for its residential project in [...] Continue Reading »
In the end of the year 2012, the performance of the National Capital Region lagged when compared to other major cities like Bangalore and Mumbai. This was due to the moderation of sales which were initiated due to the lack of new launches. According to a report, various Bangalore-based developers outperformed other markets, whereas Mumbai [...] Continue Reading »
Reserve Bank of India holding on policy rates can put more stress on real estate market, says real estate developers. RBI should have cut down the rates as the growth rate is coming down and industry and government is also calling for a rate cut. Lalit Kumar Jain, national president of Confederation of Real Estate [...] Continue Reading »
The property sale has not picked up but the builders are increasing the prices to attract property buyers. According to the real estate brokerage firm, Groffr.com’s report, in the last three months (August-October) the property rates have gone up almost by 6 percent. It is said that the developers are mainly hiking rates in projects which [...] Continue Reading »
Experts expect that the new supply in Mumbai realty market could lessen by 20-30% than the prevailing rates as the market has been ravaged with high prices. Around 200 new projects are coming up in June – September and it is estimated that it will launch in cheaper rates. According to a real estate analyst, [...] Continue Reading »
