Salt pans development in Mumbai sparks debate
News Point: There are very many arguments for and against…
News Point: There are very many arguments for and against…
Bottom Line: It is ironic that Mumbai that is home…
Bottom Line: Contrary to general perception, NHB Residex shows Mumbai…
Residential property sales in Mumbai saw a rise during the…
In Mumbai premium paid by developers is higher than construction…
Despite slowdown, Mumbai remains the most lucrative investment destination in India, says the second edition of Knight Frank India Residential Investment Advisory Report 2016.
When a broker recently suggested Himanshu Kapadia that he should better invest in Ulwe, Dronagiri or Nerul of Navi Mumbai this engineer thought the greedy broker is selling the properties out of which he could make more brokerage. There was nothing common between these three locations and even in terms of price point of the residential properties the three given markets had a different profile.
The idea of creating a new city as a counter magnet to Mumbai was originally envisaged in the Regional Plan of Mumbai Metropolitan Region (MMR) in 1965. The actual planning process of this new city began in 1971 after the formation of CIDCO, a Government-owned company for development of cities.
Many home buyers as well as investors have been speculating about the movement of residential property prices in Mumbai. These fence-sitters are watching the market’s movements keenly. Their guess is that prices could go down further in the next few months – which in turn has increased their hopes of landing a better deal for their money and delaying their purchase.
The concerns about soaring rentals and unaffordable housing in Mumbai notwithstanding, the surprising fact is that residential property prices across Mumbai city and its suburbs increased only by 7% in 2014, and by a negligible 0.3% in 2013.