Properties in Mumbai
The reality of real estate in Mumbai is covered by high prices, low rentals, no absorption, falling demand and an overheated market. The demand and absorption rate of office space in Mumbai is sluggish for a long time. Though there are few high scale of sale is happening in the office space section, the overall [...] Continue Reading »
More than 2500 people will get their affordable homes in Mumbai. A total of 1.5 lakh people had applied for 867 houses in Mumbai and 1,726 houses in Mira Road. Flat winners will have to pay 3.09% as VAT and 1% as service tax in addition to the cost of the house. The Maharashtra Housing [...] Continue Reading »
The standing committee has permitted to implement the new property tax rules for properties in Mumbai. Before, the property tax in Mumbai was calculated based on the rental value of the properties. In the new property tax system, the value will be based on the actual property value and not the rental value. In the [...] Continue Reading »
The western suburb of Mira Road is developing quickly and is one of the most sought-after residential destinations for its good connectivity and affordability. The cost of homes in apartments in Mira Road with G+ 5 storeys and without too many amenities is between Rs 4,000 and 4,500 per sq ft. The cost of homes [...] Continue Reading »
Documented property registration in Mumbai, Thane and Pune divisions fell in the last financial year. As per a rough estimate by a real estate analysis firm, at least 40,000 flats have remained unsold in Mumbai and Navi Mumbai areas. The actual number could be higher than that. Though, the amount of stamp duty collected by [...] Continue Reading »
Real estate in the southern part of India has seen stable sales and better than the north. This has happened because of the cautious pricing strategies adopted by local builders in the south Indian cities. Everybody, from banks to realty developers to the first-time buyer feels a lot more comfortable in investing in the properties [...] Continue Reading »
Bombay Realty, a part of Bombay Dyeing and Manufacturing Co. Ltd, has planned to contribute more than half of its revenue towards the development of properties in Mumbai and retiring the group’s high-cost debt. The group has nearly 10,000 acres of land, including 700 acres in Mumbai alone. The lands which are there in Mumbai [...] Continue Reading »
It is found that there are no takers for nearly 1.1 million sq ft, or 11 lakh sq ft of ready office space in Mumbai’s commercial property market. The high vacancy in turn, has put pressure on commercial rental rates. In uncertain economic conditions companies are staying away from leasing space, which leads to the [...] Continue Reading »
There is good news for those real estate companies in Mumbai whose projects have been stuck due to regulatory approvals. The Maharashtra government is now looking to fast track the clearances of the project in Mumbai. Real estate in Mumbai has witnessed low launches in 2011. This was happened due to slow project approval process [...] Continue Reading »
Property prices in the Mumbai region has seen an escalation in prices when compared with per square feet prices (PSF) of first quarter of 2012 over same period last year. The real estate market of Mumbai has always been an attractive destination for buyers because it provides high return on investments. Despite the slowdown in [...] Continue Reading »
