Real Estate Forum on Projects In Mumbai

Latest Answer: Hey Lalit, Any idea what is the rate per sqft they are quoting for the apartments?

Latest Answer: Moreover, Mumbai is witnessing a rapidly increasing population over the last 60 years. It was ranked 17th in the category of most populous cities in the world in the year 1950. Mumbai currently ranks as the seventh most populous city in the world with a population of 19.7 million (including MMR and satellite belts). Delhi and its satellite cities rank second after Tokyo, Japan. This increasing population raises a concern for space. This may also be considered a key contributor to the reducing apartment sizes over the past five years.

Latest Answer: The metro line between Charkop and Mankhurd is currently stalled due to the deadlock between the developers and the government over various clearances and permissions. There is also an opposition to the elevated section. The estimated cost of the project is Rs. 11,000 crore. If the route becomes an underground route instead of an elevated section, the estimated cost would be around Rs. 22,000 crore. With falling value of rupee, it may cost an additional Rs. 2,000 crore. The metro line between Colaba and Andheri SEEPZ via Bandra is completely an underground route with an estimated cost of Rs. 22,000 crore. With the falling rupee value, this too may cost Rs. 2,000 extra.

Latest Answer: They have the worst after sales services. Once payment is made they will be least bothered about the documentation and Customer Support. They will stop answering your calls and messages.

Latest Answer: I think this kind of scheme and offers boost sales temporarily, they would not help in the long run

Latest Answer: What is the key drivers for BKC’s increasing popularity?

Latest Answer: Maharashtra government’s offer of fast-track construction projects by 18 months has got poor response. This offer is a failure if builders go for a green building certification process.Union ministry of environment and forests (MoEF) guidelines has made it clear that every project that involves construction of 20,000 sq mt and investment of Rs.5 crore or more needs green clearance from the state government’s environment ministry.Furthermore, to ease developers’ pain, state government had announced in August 2011 that projects with a green building certification would be given priority, helping builders to reduce the SEAC waiting time.

Latest Answer: The Bohra community’s Rs 1,500-crore redevelopment project in Mumbai, spread over 14 acres in Bhendi Bazar recently got approval from the State Environment Appraisal Committee-2 (SEAC-2). Next, it has to get the final approval from the State Environment Impact Assessment Authority for the work to begin.The project is executed by the Saifee Burhani Upliftment Trust (SBUT) and after the final nod, the redevelopment work will start in April 2013.

Latest Answer: Kanakia Spaces Pvt. Ltd, a Mumbai based developer is in talks for the redevelopment of a housing society in Versova in Mumbai. The built-up or constructed area for redevelopment in the project will open up 100,000 sq ft.