INDIANTAGS.COM
Express Yourself
Be it residential or commercial, the demand today is for new and quality real estate, and Mumbai is religiously following this trend. In the current scenario, industry experts predicts Mumbai real estate sector to witness a price hike in the coming months.
Residential Scenario
Residential real estate of Mumbai has been on a high from past two-three years. The property rates are expected to shoot up more in near future.
With 14 lakh sq.ft of commercial and retail space by Indiabulls and 5 lakh sq.ft of Peninsula II properties under construction in Lower Parel, Mumbai, the demand for residential properties is anticipated to rise by 30 per cent from March 2008, says industry sources.
Also, amid township trend catching up with the end-user all over, the demand for high quality, luxury residential projects are escalating. This inclination is strong although property taxes and maintenance costs are exponentially higher, state real estate consultants.
Commercial Prospect
According to media reports, the commercial property rates in Mumbai are likely to rise by about 50 per cent with large number of premium buildings getting constructed.
As India's costliest commercial hubs are now being located in Nariman Point and the SBD of Bandra Kurla Complex, Mumbai commercial real estate is seeing record escalation. Prices in Bandra Kurla Complex are as a minimum 25-40 per cent higher as compared to Nariman Point.
In fact, a strong demand for international standards of construction in office space from corporate has driven the values in the air.
Future Outlook
Since Rs 9,250 crores plan has been intended for Dharavi's redevelopment, Asia's largest slum is seeing a sharp rise in its property prices, whereby a one-BHK house is to cost the same as an elite house in Kandivli or Borvli.
Further, India is emerging as a sizzling destination for quality commercial enterprises, says industry sources, and builders are looking forward to cash on by setting up huge number of commercial properties.
With new developments and redevelopment plans being undertaken, Mumbai Real Estate industry can only ascend in the times to come.
Residential Scenario
Residential real estate of Mumbai has been on a high from past two-three years. The property rates are expected to shoot up more in near future.
With 14 lakh sq.ft of commercial and retail space by Indiabulls and 5 lakh sq.ft of Peninsula II properties under construction in Lower Parel, Mumbai, the demand for residential properties is anticipated to rise by 30 per cent from March 2008, says industry sources.
Also, amid township trend catching up with the end-user all over, the demand for high quality, luxury residential projects are escalating. This inclination is strong although property taxes and maintenance costs are exponentially higher, state real estate consultants.
Commercial Prospect
According to media reports, the commercial property rates in Mumbai are likely to rise by about 50 per cent with large number of premium buildings getting constructed.
As India's costliest commercial hubs are now being located in Nariman Point and the SBD of Bandra Kurla Complex, Mumbai commercial real estate is seeing record escalation. Prices in Bandra Kurla Complex are as a minimum 25-40 per cent higher as compared to Nariman Point.
In fact, a strong demand for international standards of construction in office space from corporate has driven the values in the air.
Future Outlook
Since Rs 9,250 crores plan has been intended for Dharavi's redevelopment, Asia's largest slum is seeing a sharp rise in its property prices, whereby a one-BHK house is to cost the same as an elite house in Kandivli or Borvli.
Further, India is emerging as a sizzling destination for quality commercial enterprises, says industry sources, and builders are looking forward to cash on by setting up huge number of commercial properties.
With new developments and redevelopment plans being undertaken, Mumbai Real Estate industry can only ascend in the times to come.
INDIANTAGS is social news submiting site.vote for best stories
Professional six sigma and performance improvement training by Pro Six...Free 30 day trial to magnify computer screen...U2’s Bono and the Edge have written a song for Tom Jones....MN Short Sales Help Foreclosed Homeowners
Short sales are...Just found a great hairdressing job on this website - easy to use and...finding mexico real estate in playa del carmen, cancun and other areas of...I came across this website that helps with levaquin class action lawsuits...Paintball Guns
I recently made a purchase on...
Short sales are...Just found a great hairdressing job on this website - easy to use and...finding mexico real estate in playa del carmen, cancun and other areas of...I came across this website that helps with levaquin class action lawsuits...Paintball Guns
I recently made a purchase on...
actress
amazing
antispyware
australia
bollywood
business
celeb
celebrity
cricket
download
england
epl
football
free
health
highlights
hindi
hollywood
hot
india
ipl
kollywood
live
live stream
live streaming
live tv
match
movie
movies
mp3
music
news
online
pakistan
ringtones
seo
soccer
songs
south africa
sports
spyzooka
sri lanka
stream
tennis
tv
video
vs
watch
world
2008
© Copyright 2007 IndianTags. All rights reserved.
Comments