Prabhadevi
As per a report, the demand of office space has reduced in the first quarter of 2014 with nearly6.3 million square feet of office space getting absorbed across the major cities of the country as against 6.6 million square feet in January-March 2014 period; showing a decrease of 5 percent. Report also concluded that the [...] 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 »
Goregaon, once known as a middle class residential locality has now turned as one of the wealthy suburbs in Mumbai. The locality enjoys features like easy accessibility, proximity to the railway line by the Western Express Highway and the Linking Road, making it one of the sought after areas today. Many prominent developers like Oberoi Realty, Sunil [...] Continue Reading »
ABG Group, a large business group which is based at Mumbai and having its business operations in different parts of the country is planning to sell its plot in Mumbai. ABG group led by Rishi Agarwal is in talks with several real estate developers to sell the two-acre land parcel at Worli in Mumbai. The [...] Continue Reading »
Central Mumbai has been witnessing a rise in price trends higher than the national average. Areas like Worli and Prabhadevi are counted as the costliest locations in Central Mumbai now after the recent real estate trend. As per reports, both the areas are showing good demand and supply in the real estate sector. Both commercial [...] Continue Reading »
One of the leading banks in India, HDFC Bank is planning to buy an office space of approximate 1.3 lakh sqft at Lower Parel. The building is situated in Peninsula Business Park at Lower Parel in Central Mumbai and is spread over four floors. As per reports, the bank is paying around Rs 17,000 per [...] Continue Reading »
Mumbai’s real estate market has been going through a dim phase. According to property consultant CBRE’s latest report on office space, vacancy levels in Mumbai’s extended business district Lower Parel have risen to an estimated 46-48 per cent as demand supply gap continued to widen in April-June. Data shows that around 1.1 million sq ft [...] Continue Reading »
Builders in Mumbai are a worried lot now over various issues. Maharashtra Chamber of Housing Industry (MCHI) met the state chief minister to reverse back the Ready Reckoner (RR) rates as it was in 2011. The builders also wanted a permanent solution for getting instant clearances for building projects. An abrupt increase of 46% in [...] Continue Reading »
There seems to be no barrier to the raising property rates in Mumbai city. Its unbelievable that a property measuring 1,700 square feet in Prabhadevi (Mumbai) was sold for Rs 6.5 crores. Now this area, Central Mumbai has become a prime residential location only because it is accessible from other areas. Also this area has [...] Continue Reading »
