Working towards improvement in the real estate
The infrastructure projects of Mumbai which have already been completed this year had major effect on the micro markets adjoining it. The experts have recently mentioned that the financial capital can really see a rise in the prices.
Ramesh Nair of COO, Jones Lang LaSalle India, said that homes and offices which are located close to the transportation consultancy are looking for a premium because of the accessibility which has been accelerated.
The property prices in Chembur and Wadala has increased by over a 100%. This has happened within about 4 to 5 years. In one of the reports it was also mentioned that the perceptibility of the micro market at Chembur has been boosted by the Santacruz-Chembur Link Road.
Since there are several companies which have become friendly with their workers and employees, they will have lesser value for commuting hours for their employees. Offices which are located in the Bandra Kurla Complex district have a chance of gaining quite a lot because of the upcoming trend. The residential absorption is definitely going to increase in the local eastern suburbs.
{The article has been published on the 23rd of June}
Source – Beena Parmar
infrastructure projects of Mumbai, Jones Lang LaSalle India, Jones Lang LaSalle India (JLL), Mumbai, Mumbai Properties, Mumbai real estate sector
