Demand for housing in Mumbai is going to outstrip supply in next four years. The commercial capital of the country is going to witness an extra demand of around 231,000 housing units across all segments by 2018-end while the supply is likely to be around 203,000 units. Of the total demand, majority (46%) is likely […]
property news Archive
October 27, 2014 12:57 am
India needs to build 30K units daily for 8 years to meet housing needs: KPMG report
India will require to build at least 30000 to 35000 dwelling units daily for 8 years to meet the housing needs of the country, says the National Real Estate Development Council (NAREDCO) report. A majority of these houses need to be in the affordable segment requiring investment of more than US$2 trillion since a fifth […]
October 25, 2014 4:25 am
Which is better buying or renting a property?
Do you want to buy it because you want to live in it with your family or do you look for an extra income that the house will bring in the form of rent? Or, are you simply buying it for long-term value leverage? When should you buy a property? Often we are confused about […]
October 24, 2014 12:30 am
IDFC Alternatives’ Big Fund for real estate
A big raise of Rs. 750 crore for real estate sector by IDFC Alternatives Ltd, a private equity fund managed by India’s IDFC is raising eyebrows! As per IDFC, this is their maiden real estate funding focused on residential sector in India. This fund called IDFC Real Estate Yield Fund is an indication of a […]
October 23, 2014 12:16 am
Education and its impact on Navi Mumbai realty market
Of all the factors that have contributed immensely to the growth of Navi Mumbai, access to schools and colleges has been an important criterion. For that reason, property prices also tend to be higher in locations like Vashi, Sanpada, Nerul which are close to established educational institutions. The Oxford of the Eastern suburbs is the […]
October 22, 2014 12:30 am
Why eastern Mumbai suburbs have burgeoning real estate potential?
Eastern Mumbai suburbs are among of the fastest growing residential centres in Mumbai metropolitan region. This area is advantageously located in proximity to other industrial sub-markets such as Bhiwandi, Badlapur, and Dombivli-Kalyan. Situated in Mumbai Metropolitan Region, these eastern suburbs have attracted a lot of heavy investments from established builders and developers. The Mumbai Metropolitan […]
October 21, 2014 12:45 am
Ghodbunder road realty zone-present and future
Ghodbunder road is the most lucrative and well-established zone in Thane. It has maximum office supply absorption and maximum potential for capital appreciation and growth for investors with a 5-7 years investment horizon. Today, this prime residential and commercial area is offering the likes of Mulund, Ghatkopar and even Andheri stiff competition for attracting office […]
October 20, 2014 2:00 am
Property prices likely to be stable in Mumbai due to high price points
Stable price scenario can be expected for property prices in Mumbai in the foreseeable future due to the high price points. However, Bangalore, Chennai, Pune, and Kolkata may see marginal appreciation due to increased demand. In second quarter the union government had announced friendly measures in the 2014-15 budget for real estate sector. With the […]
October 17, 2014 12:45 am
BKC- like complex for Dombivli soon
With a view to develop an alternative to Bandra Kurla complex in the eastern part of Mumbai Metropolitan region, the Mumbai Metropolitan Regional Development Authority (MMRDA) had planned another ‘Bandra-Kurla Complex-like Business Growth Centre (BGC)’ for Dombivli. The proposal is lying with the state government. Once the proposal is accepted, the project will take off. […]
October 15, 2014 12:30 am
New property tax system of BMC, is gain for Chembur and Andheri
Now residents of Chembur and Andheri East can look forward because of revised property tax system of the BMC (Brihanmumbai Municipal Corporation). Some other localities in Mumbai such as; Goregaon East, Malad West, Andheri West and Kandivali East are in the other areas, which are getting benefit because of revised property tax system. Availability of […]