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Mumbai Real Estate

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Mumbai's housing crisis: Redevelopment of clusters to affect city's 'livability', reveals study

Sep 20, 2016

Mumbai's housing crisis: Redevelopment of clusters to affect city's 'livability', reveals study

Recycling land to create housing stock is one way to solve the housing crisis in Mumbai. With high prices that show no signs of dipping, recycling is all that Mumbai has, being a city constrained by the sea, creeks and other cities bordering them. #Redevelopment #Mumbai #CriticalPoint #Mumbai Real Estate #FSI #Transfer of Development Rights #Mumbai suburbs
In landmark business deal, Godrej sells BKC office space to Abbott for 1,480 crore

Oct 01, 2015

In landmark business deal, Godrej sells BKC office space to Abbott for 1,480 crore

In one of the largest office space deals, Godrej Properties has sold a 4.35 lakh sq ft in commercial project at BKC, Mumbai, to healthcare products major Abbott for about Rs 1,480 crore. #NewsTracker #Bandra Kurla Complex #Pirojsha Godrej #Mumbai Real Estate #Godrej #Real estate #Abbott #Miles D White
Mumbai woes: Expensive real estate is scaring away air traffic control officials from the city

Aug 03, 2015

Mumbai woes: Expensive real estate is scaring away air traffic control officials from the city

The prohibitive prices of houses near the Mumbai airport have been dissuading air traffic control personnel from taking up assignments in the city, affecting air traffic safety. #NewsTracker #Mumbai airport #Mumbai Real Estate #Airpors Authority of India #FSI regulations
With no sales in Mumbai, builders are using these schemes to lure fence-sitters

Apr 27, 2015

With no sales in Mumbai, builders are using these schemes to lure fence-sitters

In response to the unrelenting sluggishness in the market, Mumbai’s developers have been offering various schemes to entice fence-sitters; at a recently-held property exhibition in Mumbai, such schemes were very much in evidence. #Mumbai #property #realty #Mumbai Real Estate #discount schemes
Scrapping of Mumbai DP 2034 will hit new housing supply, buyers must hold tight

Apr 23, 2015

Scrapping of Mumbai DP 2034 will hit new housing supply, buyers must hold tight

The Maharashtra government's move to scrap the draft development plan 2034 for Mumbai is likely to hit supply of new housing projects and help in clearing existing unsold houses in the city to some extent. Moreover, deals for land parcels, redevelopment projects and private equity transactions for financing housing projects in Mumbai will get stuck due to lack of clarity on the city's proposed development plan. #Housing #Mumbai Real Estate #Devendra Fadnavis #Urbn housing #Nardeco #Mumbai Depelopment Plan
Tall task? Maharashtra needs a whopping $200 bn to set up affordable houses

Apr 23, 2015

Tall task? Maharashtra needs a whopping $200 bn to set up affordable houses

The KPMG report published on Tuesday found that, in urban areas alone, Maharashtra would need 5 million new homes by 2022 #KPMG #Mumbai Real Estate #Affordable housing #Real estate prices #Subhash Desai
The good, bad and ugly of Mumbai's proposed development plan 2034

Feb 19, 2015

The good, bad and ugly of Mumbai's proposed development plan 2034

the DP does not clarify how higher FSI around stations would be managed to ensure that problems get solved instead of becoming worse. Would there be urban design interventions that go beyond what happens within a plot? #Power #Mumbai #Infrastructure #water #Mumbai Real Estate #Affordable housing #FSI
Higher FSI will kill the already strained infra in Mumbai and won't make property cheaper

Feb 18, 2015

Higher FSI will kill the already strained infra in Mumbai and won't make property cheaper

The civic body’s move of increasing the floor space index for the entire city up to a maximum of 8 that will change Mumbai's skyline has been criticized by urban planners and housing experts as it could have a disastrous impact on the city’s infrastructure. #Mumbai Real Estate #Andheri #FSI #Mumbai Property #Vertical #Soaring prices
Can't afford a Mumbai home? Well, Fadnavis govt is taxing it out of reach

Jan 06, 2015

Can't afford a Mumbai home? Well, Fadnavis govt is taxing it out of reach

If you thought the BJP-led government would bring relief to home buyers in Maharashtra, here's a dampener: Mumbai's realty prices are going nowhere but up as the newly-installed Devendra Fadnavis government has decided to increase the ready reckoner (RR) rates for Mumbai by an average of 15 percent with some areas even witnessing a steep hike of up to 40 percent. #Black money #Mumbai #Mumbai Real Estate #market rate #circle rate
Rs 1,200 per sq ft: Mumbai realty bribery rate is half of actual building costs

Oct 24, 2014

Rs 1,200 per sq ft: Mumbai realty bribery rate is half of actual building costs

If you are wondering why real estate prices in Mumbai never fall despite the lack of buyers, look no further than a corrupt, rent-seeking bureaucracy. If the amount of money being sought as bribes by the municipal authorities for building clearances are any guide, the quantum siphoned off in corruption could pay for the bulk of basic building costs - excluding land and taxes. This means the elimination of corruption alone can bring down home prices significantly in India's urbs prima.
#India #Corruption #Mumbai #property #Mumbai Real Estate #FSI #Real estate