Komal Thakkar has been going in and out of real estate offices for over six months now. A resident of Mulund, Komal is now looking in Navi Mumbai for a flat to invest in.
I thought things would be more affordable in Navi Mumbai, but theres not much difference between this and Pedder Road. Its too unfair. They should decrease the prices, says she.
Real estate is way too expensive in Mumbai and Navi Mumbai is soon catching up with real estate prices skyrocketing there as well.
Komals hunt is all set to get harderwith builders now planning to hike property prices in Navi Mumbai.
With permission clearances for a proposed international airport and a massive special economic zone coming up in Panvel have raised the market value of Navi Mumbai say builders.
The international airport will be spread across 3,000 acres, while the special economic zone will be spread across a whopping 38,000 acres. In about 10 years time, a vast expanse in Navi Mumbai will be transformed and developers are cashing in.
Says trustee of Navi Mumbai Chamber of Housing, Manohar Shroff, We are raising prices by 10 to 15 per cent mainly because of the infrastructural developments happening in the area. There is going to be a boom in housing.
Send an E-Mail for mumbai Property Enquiry!
Related News from Mumbai
Real estate prices in Maharashtra may dip to refect slowdown
Indicative property rates, based on which Maharashtra levies its stamp duty in Mumbai and other key cities of the state, may fall marginally for the first time in about a decade as real estate transactions drop, according to sources in the revenue ministry. The property rates in the ready reckoner for Mahrashtra may drop marginally reflecting the subdued sentiments, sources said. A final decision may be taken tomorrow. The property ready reckoner is prepared by the office of the inspector general of registration and stamp duties (IGR) on the basis of transactions in real estate sector in respective areas. More : business-standard.com
’Real estate prices to stabilise soon’
MUMBAI: With the landmark decision by the Supreme Court paving the way for sale of mill lands in Mumbai, Dewan Housing Finance Ltd on Thursday said real estate prices in the city would reach the threshold limit of price stabilisation. "The land-starved city of Mumbai would reach to the threshold limit of price stabilisation following the order. However, the limit will be defined by market conditions," DHFL Managing Director Kapil Wadhawan told the agency. The Supreme Court in a judgement on March 7 permitted real estate development in five NTC mill lands here.
Indiabulls Properties falls in Singapore debut
Indiabulls Properties Investment Trust, the real estate investment trust (REIT) of Indiabulls Real Estate, had a disappointing debut in Singapore on Wednesday. The property trust declined in its trading debut after the company raised S$353.5bn (US$258mn) in an IPO. The money raised through the Singapore issue was less than the maximum S$388.3mn that the Indiabulls Real Estate arm had hoped to mobilise. Indiabulls Properties dropped 5.5% to 95 Singapore cents at 3:34 p.m. on the Singapore stock exchange. Shares of parent Indiabulls Real Estate dipped Rs10 or 2.6% to Rs381, the lowest in almost a year, in Mumbai. The stock
Ballard Estate: Mumbai Properties / Real Estate and Services
Ballard Estate: Mumbai Properties / Real Estate and Services Mumbai Properties is involved in wide spectra of services in real estate and property dealing related services in Ballard Estate and assure you to provide the best of all at competitive prices. We provide services such as sale and purchase and renting of residential and commercial properties in Ballard Estate of all categories. Property Services in Ballard Estate by Mumbai Properties: Real Estate Consultancy for properties in Ballard Estate Sell/Purchase/Lease of Farmland in Ballard Estate Sell/Purchase/Lease of Residential Property in Ballard Estate Sell/Purchase/Lease of Commercial Property in Ballard Estate Sell/Purchase/Lease of BPO/Call Centre in Ballard Estate Sell/Purchase/Lease
Needn’t hurry yet to buy that new flat
It makes sense to continue waiting and watching before putting your money into that new flat, brokers and real estate consultants advise. They concede that prices have decreased but point out that the fall has been marginal; the real reduction is yet to come. There had been talk of a price correction since the middle of lat year but builders continued to increase prices through the monsoon and Diwali, said real estate consultant Sandeep Sadh, CEO of the portal Mumbai Property Exchange. Only after November did they start decreasing prices, marginally. As of January, buyers want a reduction of more