Residential updates of MMR July-Sept 2015

Q: MMR witnessed the new launch supply of about 44% in the luxury segment in Q3 2015 as against 25% in Q2 2015.

Anirudh Patel, Mumbai

7th October 2015

Real estate News in Mumbai

real estate update 2015 mmr

mmr residential update jul -sept 2015

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Which are the key project that were launched in the period and active developers of the locality? If one has to buy properties there what will be the per square feet rate?

Veena K,

7th October 2015

Comment

Hi Veena,
Key Projects launched in Q3 2015:- 1) Lodha Codename August Moon by Lodha Group, located at Worli offers, 2/3/4/5 BHK residential apartments and its current price is Rs.25500/sq-ft.

2) Fortune Imperia by Fortune Infra Project Pvt. Ltd., located at Kurla East. It offers 1/2 BHK flats at the rate of 12500/sq-ft.

3) Piramal Vaikunth by Piramal Realty, located at Balkum, offers 2/3 BHK flats and its current price is Rs. 8100/sq-ft.

These all projects come under luxury project.

Anuskha Chandan, Mumbai

8th October 2015

As per commonfloor report i found that the Balkum saw little bit down side in terms of price movement. The average property value was 8080/sq-ft. This locality has supplied 1200 residential units. Similarly, Ghodbunder Road has supplied 1000 residential units and move with a positive sign. Here, the average properties price was Rs. 7145/sq-ft.

khushisha, Mumbai

7th October 2015

Comment

Right Khushi,
Mira Road, Virar West, Kharghar, Chembur and Kandivali East are the locality where huge resale properties are available.

Andheri West, Andheri East, Powai, Kharghar and Malad West are the top 5 markets as per rental demand.

Ravindra Singh,

7th October 2015

Why is the rental demand is so high in those localities? Can you explain the term Rental Yield?

Rakesh, Bangalore

7th October 2015

@Khushi,
Good connectivity, high rental demand and low prices are the major reason for rental demand in Virar West. It Hub, Educational Hub, upscale locality are the major reason for Powai which create a lot of job opportunity for the new comers in the locality. Andheri East is in demand for its industrial hub and strategic location.

Diwakar Shetty,

7th October 2015

Hey Anirudh,
Which localities are the top markets for units supply and rental availability in MMR in July-Sept. 2015? Any idea???

Diwakar Shetty,

7th October 2015

Comment

@Diwakar,
Mira Road, Ghodbunder Road, Balcum, Taloja and Kharghar are the top markets for units supply whereas Goregaon East, Andheri East, Powai, Chembur and Kharghar are the top markets for rental availability.

Kishore Pathak, Mumbai

7th October 2015