Vikhroli
Commercial offices are moving up north and Nariman Point is seeing lesser takers. In fact, old Mumbai’s central business district (CBD) is losing its glory. A report by JLL, titled Mumbai Offices 2020, explains that the transition is due to lack of quality office stock and the complicated ownership structure that was evident throughout South [...] Continue Reading »
Godrej Properties, the real estate development wing of the Godrej group announced that it has entered into an agreement with G&B to build a new project on the Eastern Express Highway in Vikhroli, Mumbai. The potential area at this site will be up to 8, 00,000 sq ft and is likely consist of residences as [...] Continue Reading »
After so many worthless attempts of borrowing the land, the Maharashtra Housing and Area Development Authority (MHADA) is ready to issue tenders for constructing affordable housing on 67 vacant plots all across the city. In a recent review of MHADA, totaling to more than 12 hectares of land was found. An official also mentioned that [...] Continue Reading »
Mumbai: Kanjur Marg is an upcoming destination for the affordable housing seekers in Mumbai. This suburb lies in between Vikhroli and Bhandup. It is generating good employment opportunities and has commercial spaces like Damji Shamji Business Galleria in Kanjurmarg West. Damji Shamji Business Galleria is fully air-conditioned, has retail as well as commercial spaces making [...] Continue Reading »
IL&FS Milestone Fund, a major real estate private equity firm is all set to invest around Rs 100-150 crore by next month. As of now, the investment proposals are being evaluated and term sheets are being worked out. An official has confirmed that the said amount will be invested around April. The investment is meant to [...] Continue Reading »
Powai, one of the greenest regions in Mumbai has been on everyone’s dream homes list lately. The reason is this locality is well connected to all other areas in the vicinity and all the civic amenities equally available. Situated near the Powai lake, it has become one of the sought after localities. Due to which, [...] Continue Reading »
IL&FS Milestone realty Advisors, one of the property funds is in talks with Blackstone, Morgan Stanley and GIC to seel its entire stakes in a commercial project in Mumbai. The project is worth Rs 1,000 crore revenue and has 1.2 million sq ft of leasable space in three 14-storey towers which is fully occupied. Siemens, Future Group, DHL [...] Continue Reading »
There have been more number of constructions and property developments in Kurla in Mumbai in recent times. One of the suburbans in Mumbai which was previously known for congestion, make-shift garages, small stores for industrial spare-parts and slums has now transformed into one of the hot spots for realty development. Properties in Kurla are being [...] Continue Reading »
While Powai, the Mumbai suburb along the Central Line, has attained a premium tag with respect to real estate, few localities along the same line are still offering residential properties at affordable prices. Bhandup, Ghatkopar, Vikhroli and Mulund are some of those areas. In Powai, the average price is over Rs 11,000 per sq ft. [...] 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 »
