Properties in Mumbai
New Delhi- High property prices and rising interest rates of home loans during 2012 have brought down demand for properties in India. In the top six cities of India, the housing sales have dropped by 16 percent to around 2 lakh units in the previous year, revealed a report by property consultant Knight Frank. Many [...] Continue Reading »
New Delhi: Government is planning to approve all the real estate projects in a fast track basis and also to put them online so that the consumers can have a clear idea before booking a house and can bring down home prices. A government committee headed by former commissioner of India chairman Dhanendra Kumar is [...] Continue Reading »
Mumbai has witnessed a new joint partnership – Godrej with Ratnaraj Blesing Milestone to redevelop the Kamgar Swa Sadan Cooperative Housing Society Ltd. in central Mumbai which is situated at Mahadeo Palav Marg, Currey Road. Godrej Projects Development Pvt Ltd will be playing the role of a development manager and will also take care of [...] Continue Reading »
Citibank, the leading foreign bank had put a flat for sale in 2008 in Malabar Hill‘s IL Palazzo building and Vinod Khanna, bollywood actor was the highest bidder with a record bid of Rs 1.20 lakh a sq ft for the 2,550 sq ft flat. But the actor did not go through the flat at that time. [...] Continue Reading »
Ulwe, a village with mess and uneven streets in the outskirts of Mumbai which even lacks basic facilities but flats in that area will cost you a bomb. The cost of the flats is beyond the reach of mediocre family. Home buyers who were planning to buy in this area said that many builders demand [...] Continue Reading »
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 »
Ulwe in Mumbai has become one of the top destinations for investment in the residential real estate sector where housing prices are assumed to raise by 145 per cent over the next five years. Out of the top 13 destinations, housing prices is expected to hike at a fastest rate at Ulwe (Mumbai) in 3-4 [...] 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 »
In order to generate more revenue to fund infrastructure projects in Mumbai and other areas, Mumbai Metropolitan Region Development Authority (MMRDA) has sold land parcels in the Bandra-Kurla Complex (BKC) and Wadala. Over Rs 70,000 crore expected towards infrastructure projects in the next decade, the projects is in urgent need for alternate sources of revenue [...] Continue Reading »
Godrej Properties, the real estate development arm of the Godrej Group, through its wholly owned subsidiary Godrej Projects Development Private (GPDPL), recently signed an agreement to redevelop a private society owned property in Ghatkopar, Mumbai. The project is located in the heart of the central suburbs, just off LBS Marg and has excellent connectivity to [...] Continue Reading »
