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Real Estate Forum on Mumbai Chawls

Real Estate Property Discussion Forum and Guide to Real Estate Queries

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Q: It seems that Mumbai has fallen to 28th position in the list of worlds most expensive locations for high end rentals.
Latest Answer: Hello Abhishek, In fact the rental prices in Bangalore too fell sharply and the city ranks 127th globally, down from its previous 123rd spot. Further it depends on how companies provide housing or allowances as this will have a big impact on the real estate market.
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Q: Is it possible for MHADA to do the development work alone?

Latest Answer: Yes Sagar, till now the plan is the same. Recently the government launched redevelopment plan for Sector- 5 of the Dharavi slums and the total value of the project is around Rs 5,000 crores. After which they nod the proposal for the redevelopment of chawls in South Mumbai. The purpose of redeveloping chawls is to provide double the size of their existing dwellings.
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