Real Estate Forum on Properties In Mumbai

Latest Answer: Hello Priyanka!! What about project approval? Are all approvals such as IOD and CC are in place? Which financial institutions have approved this project for housing loan? What is it's current asking price?

Latest Answer: I do not completed agree with the above statements. There are several other areas such as Kharghar and Ghansoli that offer a good rental yield in Navi Mumbai.

Latest Answer: What are the upcoming projects in Bandra?

Latest Answer: Kandivali has become a residential hotspot owing to reasons such as space crunch and high real estate capital values in South Mumbai. Kandivali also has a lower capital value compared to its western counterparts. There are projects by builders such as Parinee Builders, Ashray Group, Ajmera Cityscapes and Acme Developers. Covered area of a 1-BHK flat is between 550-650 sq.ft. The covered area of a 2-BHK apartment is between 800-1050 sq.ft and the covered area of a 3-BHK property ranges between 1,250-1,650 sq.f

Latest Answer: I have also read the news online it seems Mhada has asked the state government to cancel allotment of three prime plots in Oshiwara. These plots were allotted prior to 2003 by the then chief ministers.

Latest Answer: The verdict is encouraging as it makes sense from a legal and economic point of view.

1) When a developer sells a flat to a buyer, the charges for the flat not only includes the carpet area (the buyers private area), but also for the common spaces and support structures such as staircases, lifts, corridors, sewage disposal system, parking spaces and so on. In fact, many states have regulations that require adequate parking spaces. Builders incorporate these costs into the market price of the flats they sell. Hence, it becomes illegal to charge extra for parking space or any of the common amenities.

2) Allowing developers to charge extra for parking space is also bad economics, especially during times when demand for parking increases multifold in a very short span of time. This is because, with limited parking space, the developer has no incentive to maximize supply of parking slots. With that, the developer can withhold supply of parking slots and charge maximum prices for each parking

Latest Answer: While the fall in rupee value has created concerns for foreign investors, there may be a silver lining for them. There are high occupancy rates and steady income in terms of rentals for residential and commercial real estate. While the overall supply has gone down due to limited construction, the tenant demand has been mostly good. While there is some hope for rentals in real estate, majority of Indian economy is going through a tough financial crisis and people are still struggling. The economy has not only affected people in the service class or lower-income group, but also business people.

Latest Answer: MHADA is a housing board created by the Maharashtra state government in 1977 to undertake construction, allotment and maintenance of residential buildings under various housing schemes for different sections of the society. At present, it is responsible for coordinating and controlling activities of seven regional housing boards which include Mumbai and Pune, and two special purpose boards viz. Mumbai Slum Improvement Board and Mumbai Building Repairs and Reconstruction Board.

Latest Answer: The latest skyscraper proposed for Mumbai's rapidly growing Worli skyline, Ahuja group aims to be "one of the tallest residential buildings in Mumbai. Ahuja towers, a luxurious project is located in Prabhadevi, surrounded by high-end residential and office projects. The apartments have a height of 13 ft. Each floor in the Ahuja Towers has been built with only one apartment in each wing.

Latest Answer: What are the growth prospects of the Western Express Highway and the Eastern Express Highway?