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Real Estate Forum on High Rates

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Q: It seems that rentals values in Andheri west and Mira road are experiencing a high rentals in recent times.
Latest Answer: Hello Shantanu, Andheri west is about 6 kms from the Western Express Highway and about 4 kms from Andheri railway station. Mumbai airport, situated in Andheri east is about 7 kms from the locality. The soon to be functional, Metro line will pass through this area. Both these areas offer a well-fabricated social infrastructure. From schools to hospitals to banks, all kind of facilities are available in Andheri west and Mira Road. With increasing connectivity and fast developing infrastructure, the rental market in the area looks promising.
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Q: I have shifted to Mumbai recently and wanted to buy a flat but now it is really impossible to buy as the rates are going high. How can I get such a huge amout of money? Why the rates of the flats are so high?
Latest Answer: The rates of the property is increasing though there are lot of vacant place available. The developers does not want to compromise with the rates of the current project and on the other hand the property consultant are giving hint that the rates of the property will go down in the near future. With the increase in the rates the property buyers are suffering badly and the builder are making money. The reason why the rates have gone high because of the slow approval process of the government.
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