Residential properties in Mumbai
As per data with the Brihanmumbai Municipal Corporation (BMC), around 81 % of the properties in Mumbai remain unaffected from the recent hike in property tax. With the new capital value-based property tax system in place, the citizens have been unhappy regarding the same and many plan to contest in High Court. However, 81% of [...] Continue Reading »
Central Mumbai has been witnessing a rise in price trends higher than the national average. Areas like Worli and Prabhadevi are counted as the costliest locations in Central Mumbai now after the recent real estate trend. As per reports, both the areas are showing good demand and supply in the real estate sector. Both commercial [...] Continue Reading »
Maharashtra government’s offer of fast-track construction projects by 18 months has got poor response. This offer is a failure if builders go for a green building certification process. Union ministry of environment and forests (MoEF) guidelines has made it clear that every project that involves construction of 20,000 sq mt and investment of Rs.5 crore [...] Continue Reading »
Next to Nariman Point and Fort, Bandra-Kurla Complex (BKC) has emerged as the biggest commercial hub in the last few years. As more office complexes are coming up in the place, demand for residential properties in Mumbai also increasing in the place. For Bandra Kurla Complex a master plan has been created that consists of [...] Continue Reading »
North Mumbai has become the preferred choice for developers to undertake new housing projects. In a recent survey, it is found that the Andheri-Dahisar belt has seen major construction, with 55 per cent of the new supply of residential units coming up in this area in the first quarter of 2012. Last year the construction [...] Continue Reading »
Land acquisition is happening for the construction of Churchgate-Virar elevated rail corridor. This acquisition is going to impact several middle classes, upper middle class households with apartments in the area. According to the list of the plots of land that will have to acquire will impact close to 100 residential properties in Mumbai. As of [...] Continue Reading »
According to a report by a real estate analysis firm, the sale and launch of residential properties in Mumbai and its suburbs is still slugging. The rates of apartments are still on the higher side and the potential buyers are deferring their decisions and as an outcome the rental rates in Mumbai have started increasing. [...] Continue Reading »
Everyday people have to travel more in crowded local trains in Mumbai, still they are looking for residential properties in suburban Mumbai and extended part of it. People are expanding their home buying options in Kalyan, Dombivli, Boisar, Vasai, Virar, Titwala, Shahad, Vasind, Ambarnath, Karjat, Pen and Khopoli. As the cost of properties in Mumbai [...] Continue Reading »
Andheri east is emerging with best residential properties in Mumbai. The area is adjacent to industrial area with IT hub, and the international airport is in close proximity. Though the price appreciation in entire Mumbai is showing a downward trend, Andheri is on the opposite side. A good 34 percent of price hike is observed [...] Continue Reading »
