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Real Estate Forum on Worli

Real Estate Property Discussion Forum and Guide to Real Estate Queries

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Q: As per Global Real Estate firm JLL INdia, Mumbai Real Estate Market would appreciate 6% this fiscal (2015-16).
Latest Answer: Good Evening Guys, In some areas, builders are offering discounts up to 10% on the base price of a property to buyers who are serious about making purchases. Other buyers can negotiate the floor rise charges, get them waived off by the authority concerned or those who are not in hurry can book a flat of his choice at the pre-launch stage of a project at competitive prices.
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Q: Flats in Mumbai are a phenomenal asset. But the significance of these flats mostly depend on the most economically inclined locations in the city. Many magnificent dwelling structures are being proposed and will soon be raised in such locations with astonishing Returns On Investment.
Latest Answer: Some of the reputed developments in this region are being led by The Lodha Group of Mumbai. They are developing not only The Trump Tower and The World Tower, but also a splendidly landscaped space called The Park. This developments is one to keep a keen eye out on.
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Q: Hi, Premium localities like Worli, Prabhadevi and Lower Parel are offering properties between 1-7 crores with international standard amenities.
Latest Answer: Hello, The major reason these areas are ideal for premium residential projects, is the proximity to commercial links such as Nariman Point, Bandra and Bandra Kurla Complex. The Bandra-Worli Sea Link has enhanced the connectivity of Worli, Lower Parel and Prabhadevi, to these areas. While Nariman Point is about 25 minutes away, Bandra is reachable within 15 minutes from Worli and Prabhadevi and about 30 minutes from Lower Parel via the Bandra-Worli Sea Link which offers traffic free drive. Moreover the localities are located within 30-45 minutes drive to the airport and are well-placed, in terms of social infrastructure too. The upcoming metro project is also one of the contributing factors to the realty market of both the localities which is pushing the demand for such properties.
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Q: I heard that Sewri-Worli elevated corridor has received bids. How many bids did they receive?
Latest Answer: How much they are planning to take to complete the project? Will the project going to increase the property price in Worli?
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Q: There was some mistake on behalf of Mumbai authorities on RR rates in some parts of Mumbai. When will we get to know the correct prices?
Latest Answer: Lowest sub-divisional RR rate hike of 5% was seen in three sub-divisions of Colaba. Lower Parel taluka saw big gap in rate increases across sub-division, ranging from 2% to 35%. Worli taluka witnessed lower and more uniform hikes in RR rates compared to other talukas. Mahim taluka witnessed moderate hike in RR rates that ranged between 5% to 20%
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