Real estate in Mumbai
Wadia group is aiming for the high end society for their realty projects. Recently they have launched a new luxurious residential project in Mumbai. According to Wadia group experts, the company is aiming to concentrate on the premium end of property buyer’s market. Wadia group believe there is a shortage of supply in premium luxurious [...] Continue Reading »
Sheth Developers Pvt. Ltd. in Mumbai finalized the deal with Morgan Stanley Real Estate Investing, (MSREI) for an investment of Rs 450 Crore. Sheth developers will invest the amount for theirupcoming project in suburban Andheri area. The builder is expecting to generate revenue up to Rs 3500 crore in next couple of years from the [...] Continue Reading »
Mumbai Real Estate developers are launching new residential projects in and around the city. As the assembly election is over and there is a clear picture of the government formation, the builders will get approval for the projects which were kept on hold for long time due to the election procedures. The slow response from [...] Continue Reading »
The development control regulation made some changes in the regulation and follow up to this several projects will be launched in next few months. This leads to clearing the projects which were pending from long time. According to a real estate research organization there are more than 1lakh unsold apartments in the Mumbai region. Hence [...] Continue Reading »
The real estate projects in Delhi, Mumbai and Bangalore are resulting in a delay progress. According to a real estate research organization this delay is due to the shortage in funding. The downfall in global economy as well as the rise of the cost of obtaining funds results into the low demand and as a [...] Continue Reading »
Happy go news for the citizens and property buyers in Mumbai! The amendments in Development Control Regulations (DCR) followed up by huge number of residential and commercial property launches have commenced showing the signs of property rates fall! Some of the real estate experts have predicted property rate fall by 10 and 30 per cent [...] Continue Reading »
A two acre plot in Andheri suburb of Mumbai worth Rs 300 crore has been acquired by Adani Group. However the Adani Enterprises who recently said that they would take an exit from real estate has now spread the news confirming their family to take over the real estate business. This land has a total [...] Continue Reading »
With so much happening in real estate, some developers look for an opportunity to make it big in the market. Due to heavy debts, many developers are selling off their pet projects. The rich developers grab this opportunity by getting a good deal out of it. Developers like Sunteck Realty, Ajay Piramal Group, Peninsula Land, [...] Continue Reading »
The Mumbai suburb too is becoming increasingly unaffordable. Recently, a 950-sqft, 2-BHK flat in Vashi’s sector 17, is now selling for a record sum of Rs 1.21 crore. Another apartment in the same locale, that a broker sold for Rs 82 lakh even six months ago, is now on sale at an asking price of [...] Continue Reading »
Property dealers and research firms say investors are not keen to buy assets now, while those who do, are looking for suitable exits. “Unofficially, the prices have already corrected. Some investors and developers have already exited at lower prices,” said an industry source. Research heads from a couple of real estate research firms said the [...] Continue Reading »
