Mumbai’s residential market
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 »
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 »
After a one-year period starting in the third quarter of 2009,the Mumbai residential real estate market has been seeing a slowdown. The key reasons behind this slowdown are higher prices, higher interest rates impacting affordability, lack of liquidity, scams diluting investor sentiment – and, to a lesser extent, excess supply in a few micro markets. [...] Continue Reading »
