Real estate in Mumbai
A recent survey was carried out by real estate research firm Jones Lang LaSalle (JLL) on affordable housing in seven cities – Mumbai, New Delhi, Kolkata, Chennai, Pune, Ahmedabad and Bangalore. The survey shows that Mumbai tops six other cities in the country for the number of upcoming affordable housing projects. Around 15 projects are [...] Continue Reading »
A recent survey by the civic authority has revealed that there are more than 320 real estate projects in Mumbai, both commercial and residential, which have been put on hold. The data came up during a recent survey of mosquito-breeding sites in the city. Majority of these projects, around 202, are in the western suburbs [...] Continue Reading »
The real estate scenario in Mumbai remains grim with fewer buyers showing interest in purchasing property, the number of unsold units in the Mumbai metropolitan region has shot up. As per records, unsold units touched 121.97 million sq ft by June 2012. Of the total unsold stock, about 25% is located in the western suburbs [...] Continue Reading »
Confederation of Indian Industries (CII) is going to organize a conclave in Mumbai to discuss the issues which are affecting the real estate industry. Maharashtra Minister for Housing will inaugurate the Real Estate Conclave 2012 and Jones Lang LaSalle India chief and Country Head Anuj Puri will be the Chairman of the conference. The main [...] Continue Reading »
In the first two quarters of 2012, Mumbai, India’s financial capital has been witnessing a downward trend in property sales’ front. Even purchase and buying activity is not going good either. From January- May 2012, experts have said that people are looking for a more subtle way like fixed monthly lease rent than buying a [...] Continue Reading »
It is reported that more than half of Mumbai’s luxury apartments, both developed and under construction, remain unsold. It is found that more than 3300 luxury apartments were developed in Mumbai and priced in a range of Rs 10 crore to 100 crore. The regulatory uncertainty, surging prices and supply glut had prompted the super-rich [...] Continue Reading »
In present economic scenario, the real estate in India is struggling to get its pace. But Mumbai real estate has once again recorded the most expensive apartment deal in the country. A 28th-floor flat in Tahnee Heights, a residential skyscraper on Nepean Sea Road in south Mumbai, has sold at Rs 1.20 lakh a square [...] Continue Reading »
The Maharashtra Housing and Area Development Authority (MHADA) suddenly increased the cost of the apartments for the 2,460 winners of last year’s lottery. The housing board recently decided to increase the cost of its 700 sq ft high income group (HIG) apartments in Powai by Rs 15 lakh and the 300 sq ft low income [...] Continue Reading »
Buying a house in India will be a tough call for the first time home buyers as they have to contend with rapidly rising prices. Property prices have increased by 12% over the past year in India. India’s rapid increase in property prices may be a good news for developers. However for buyers it has [...] Continue Reading »
Film Actor Salman Khan has purchased a 1080 sq ft under construction apartment in Mumbai for Rs 20 crore. This is about Rs 1.8 lakh per sq ft. The apartment is constructed by the Samudra Developers in Bandra. According to the activists Salman had paid more money than the market rate of properties In Bandra. [...] Continue Reading »
