Mumbai lacks in infrastructure

Q: Hi, i heard a news that real estate sector is dropping in Mumbai due to lack in infrastructure?

Bikram, Mumbai

22nd October 2013

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Replies (4)

Which are the projects that are scrapped ???? I have not heard about it???

Abhijit Thanki, Mumbai

22nd October 2013

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I can name you two...The Tata Housing had to scrap one of its affordable homes projects because environmental clearances got stuck in red tape. Also the project in Karjat, only phase I of a large low-cost project by Tanaji Malusare City was completed. The remaining phases have failed to take off despite a huge initial demand.

Shrikant Kejriwal, Mumbai

22nd October 2013

This is a big issues... i am also looked into the matter and realized that in several of these locations, there was barely any social infrastructure like schools, markets, hospitals and restaurants. Some projects are located 8-10 km from the nearest railway station. Hence how do you expect to go and stay there?

Vineet Tendulkar, Mumbai

22nd October 2013

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Guys , i think developers too found that permissions from local civic bodies to build propers roads and all... are delayed!!

Praveen Modi, Mumbai

22nd October 2013

There are numbers of projects thats are scraped due to this issue.. Mumbai need to accelerate fast in terms of infrastructural development.

Ashish Bhoite, Mumbai

22nd October 2013

How much will the price trend of the place???

Shantanu Kumar, Mumbai

22nd October 2013

Comment

These homes cost anywhere from Rs 10 lakh to Rs 35 lakh. They are low budget homes now. The issue is right... just because the roads are not good the builders are also not interested in investing.

Deepankar Godbole, Mumbai

22nd October 2013

True, outer fringes of Mumbai lacking in infrastructural development. Before the developers comes up with new big projects, they should come up with good roads and flyovers to cut down th traffic. These are very congested areas....Hence luxury buyers are not coming in to invest in here.

Padma G, Mumbai

22nd October 2013

Comment

Which are the areas thats are facing this issues? are they inside the city or outside?

Lalit Verma, Mumbai

22nd October 2013

I think they are located near about 60 to 100 km from Mumbai. Although they say that they are registered brisk sales of smaller flats in places like Boisar, Virar, Panvel, Kalyan, Shahpur, Ambivali and Karjat.

Sankalp, Mumbai

22nd October 2013