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Real Estate Forum on Mumbai-pune Expressway

Real Estate Property Discussion Forum and Guide to Real Estate Queries

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Q: Maharashtra CM Devendra Fadnavis had recently formed a infrastructure panel and it is expected that the financial issue relating to MSRDC will also be raised in its first meeting.
Latest Answer: Hi all, As per the latest news, the proposal of widening of Mumbai-Pune Expressway will be put forward in the committee and once it is approved, they will take a decision on raising finance. The MSRDC has land bank and it will be used on a commercial basis to raise fund.
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Q: Hi, which factors drive the realty market of Navi Mumbai? Can you list the name of some localities that are becoming realty hotspots in Navi Mumbai?
Latest Answer: @ Piyush, The average built area of a 1BHK apartment is about 530-715 sq-ft. while that of a 2BHK apartment is about 700-1150 sq-ft. The average property value of a 1BHK apartment is about Rs 24-40 lakh and that of a 2BHK apartment is about Rs 30-70 lakh. A 3BHK apartment may cost about Rs 70 lakh-1 crore.
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Q: Do you know that State Road Development Corporation will soon build a corridor of smart cities along the Mumbai-Pune Expressway????

Latest Answer: Right Devika, Being a special planning authority will also allow the MSRDC to a Floor-Space Index (FSI) of 0.5 to 1 as additional area for high density development against a premium.
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