South Mumbai's luxury real estate market is experiencing unprecedented demand from HNIs and Bollywood celebrities, with recent high-value transactions highlighting a strong upward trend in premium property acquisitions.
Unsold luxury apartments in Mumbai reach 2,300 units, with prices ranging from Rs 10 crore to Rs 23 crore, as developers adjust to consumer demand.
Maharashtra legislator Vinod Tawde and NCP leaders respond to Supreme Court's stay on Campa Cola housing demolition till May 2014, calling for proper regulations.
South Indian cities are becoming important real estate hubs due to improving transparency and a focus on quality development. Residential markets remain resilient with an affordability mantra.
Piramal Realty acquires Gulita property in South Mumbai from Hindustan Unilever for R452Cr, plans to develop high-end luxury apartments.
Rising real estate rates in Mumbai and other metropolitan cities have led to an increase in rental values, up to 11% in Mumbai. South Mumbai saw a drop, but suburbs experienced significant growth.
The recent terrorist attacks in Mumbai are expected to further depress property prices, especially in South Mumbai, affecting both sales and rentals.
The Maharashtra government aims to sell leased land in South Mumbai, potentially raising significant revenue, despite concerns over the real estate market’s condition.
Orbit Corp Ltd anticipates adding 8-10 billion rupees worth of projects in 2008/09, driven by redevelopment demand in South Mumbai. The developer forecasts 25% revenue growth despite a market slowdown.
Mumbai's elite shifting from Malabar Hill to Bandra, with celebrities and business professionals choosing the suburban location.