Mumbai suburbs
With the new property tax bills arriving, residents from Mumbai suburbs have joined hands against it. With this, the rest of the city also is not behind and has melded into chorus. The residents claim that the new system is ‘draconian’ and has slapped exorbitant arrears which have to be paid within March 15. As [...] Continue Reading »
While Powai, the Mumbai suburb along the Central Line, has attained a premium tag with respect to real estate, few localities along the same line are still offering residential properties at affordable prices. Bhandup, Ghatkopar, Vikhroli and Mulund are some of those areas. In Powai, the average price is over Rs 11,000 per sq ft. [...] Continue Reading »
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 »
Vasai located in western suburbs of Mumbai is an emerging real estate centre with demand and supply of both residential and commercial sectors are on a rise in the vicinity. The suburb’s connectivity to Mumbai central business districts (CBD) and availability of affordable capital value apartments drive the demand in the area. There has been [...] Continue Reading »
While exorbitant property price continues to slowdown Mumbai‘s real estate market, the suburbs are providing investment opportunities for buyers. Skyrocketing real estate prices and global economic conditions have badly hit Mumbai’s real estate sector and sales have fallen by nearly 70 per cent. Sales of top 5 real estate players in Mumbai have seen a [...] Continue Reading »
When compared to previous three years, Mumbai being a hot realty spot in India has witnessed 100 percent fall in real estate sector. The burnt of this fall has hit the property investors who buy property only for the investment purpose. Real estate experts say that the real estate returns have diminished by 50 percent [...] Continue Reading »
The residents in Mumbai are reeling under the acute shortage of water and for the past two months the problem has witnessed a drastic growth. The civic body has said that it did not have any option but to stop the supply of water because of restoration work which is in progress. Recently the Brihanmumbai [...] Continue Reading »
Jaycee Homes, the premium property developer for over 15 years is all set to foray into the affordable housing segment in Mumbai. The venture has witnessed a recent slump faced by the real estate sector and hopes to cater to people in seeking affordable homes. However earlier the company’s director Dipesh Bhagtani had remarked that, [...] Continue Reading »
Floor Space Index (FSI) is the ratio of buildable area to the total area of the plot. In a bid to keep prices in check, the Mumbai state government to hike the base floor space index (FSI) in the suburbs. At present, an FSI of 1 is permitted on suburban plots. Besides this, developers are [...] Continue Reading »
Even big corporate entities finding it increasingly difficult to afford space in Mumbai. Cheaper property price in Mumbai suburbs driving MNCs and other corporate groups to the suburbs. The recent report by a real estate research firm shows that even big corporate entities are finding it increasingly difficult to rent or buy space in the [...] Continue Reading »
