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Real Estate Forum on Rates Of Lands

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Q: I heard that the rates of the Hakimpet Kunta apartments are going below government value, though it is near to Toli chowki, Mehdipatnam and Gachibowli. What is the reason of the rates going so down?
Latest Answer: The rates of Hakimpet is going down because of the illegal dumping in the lakes, people cannot survive in that area because of the rotten smell of the garbage. Moreover people wants security and peace as they dwell in their house for lifetime.
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Q: What is the reason that the rates of the lands in Mumbai is touching the sky?
What makes these companies Mumbai as favourite commercial place and whether availabilty of land is as per demand?
Latest Answer: The population of Mumbai is increasing at an alarming as there are ample of job oppurtunities. Moreover transportation by rail, air or road are very much effective. South Mumbai is known as the commercial hub will all the major national and multi national companies for which the near by area has become the prime residential location in Mumbai. The reason why the rates of the rental in that particular area have become high is that the demand is high but the availablity is less which lead to a overflow in the infrastructure.
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