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Real Estate Forum on High Property Rates In Mumbai

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Q: Is there a chance that the prices will come down in the near future?
Latest Answer: Right Kishore, If DCR 2034 applied then a builder will have to pay more to the BMC than the tenants of a building. As a result, the excess FSI that a builder would get would be used to cover the increase in cost due to this price increase. Base FSI will be 1.5, if allowable FSI is 8, most of the other 6.5 FSI has to be bought from the BMC at the new premium rate. As a result builder will get no advantage and if they would not get any advantages then no way he can pass on any benefit to the buyer.
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Q: As per a report, there is an inventory pile-up of 46 months in the Mumbai Metropolitan Region this result of high pricing in the MMR.
Latest Answer: Yes the development plan of Mumbai in coming years to boost the price of real estate. The project like Coastal road project, clearance of Navi mumbai International airport, Trans habour sea link, CST-Panvel 6 line connectivity will definitely raise price bar.
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Q: Why the sizes of houses in MMR have reduced?
Latest Answer: The event started first in cities such as Mumbai and Delhi as the investor component in these cities is higher and investors don't typically care about the size of the apartment. While in Mumbai Metropolitan Region, the trend first started in the suburbs and Thane, and later extent to Navi Mumbai, which at the begining had a lot of investor interest. But now they understand the trick.
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