real estate sector in Mumbai
Investment in the real estate sector has decreased due to the political uncertainties, elections and due to changes in the regulatory framework. As Mumbai continues to suffer the most, the 2014 situation of National Capital Region (NCR) of Delhi and Bengaluru is still better, comparatively. In 2013, investments in land witnessed 61 per cent decrease [...] Continue Reading »
Despite cuts in interest rates in home loans by banks, the growth in this segment has dipped as against previous years, as per Reserve Bank of India’s credit data. The trend of availing home loan to the housing sector was 13.3 percent in January 2012 which has dipped down to 12.3 percent in January 2013. One reason for [...] Continue Reading »
The real estate developer Lodha Group goes for smaller and affordable flats due to the slow sales in Mumbai. Due to the sluggish demand, Lodha Group is planning to sell its upcoming premium residential project on a first-come-first-serve basis in Worli, Mumbai. The project is centrally located and well connected. Lodha group will start distributing [...] Continue Reading »
The rates of properties in Mumbai is increasing along with increase in home loan rates. The real estate sector in Mumbai city is alarming with the increase in number of unsold apartments in Mumbai. According to the recent report by real estate research firm, Liases Foras Mumbai has more than 35,000 units of flats and [...] Continue Reading »
The Comptroller and Auditor General (CAG) has revealed the scenario of the real estate sector in Mumbai. In a report (yet to be tabled in the Maharashtra assembly), CAG demonstrate how the MLAs submits fraudulent affidavits and income certificate to prove that they are from lower income group, and manage to acquire properties with very [...] Continue Reading »
With the real estate sector moving at a snail’s pace, the Navi Mumbai Builders Association have come up with ideas for better property sales. The recent property exhibition at Navi Mumbai saw budget houses in the price range of Rs 12 lakh to Rs 25 lakh. The builders had taken utmost care to display such [...] Continue Reading »
