Prime Mumbai properties maintain value despite falling rentals, with landmark buildings like Cadbury House and Citi Centre changing hands. Investors favor leased properties with strong track records, impacting even suburban markets.
Credai Maharashtra praises state's decision to reserve 20% of flats for the weaker section in developments on one acre of land. The policy aims to reduce slums and provide affordable housing.
MMRDA plans to sell 2,500 low-cost flats in Thane and Vasai-Virar, contributing to affordable housing initiatives for economically weaker sections.
Mumbai's rental values dipped slightly in Q3 2023, with Lower Parel, Thane, and Navi Mumbai seeing the most leasing activity. Key business districts witnessed a decline in commercial leasing.
Mumbai property rates soar 66% in four years due to land scarcity and limited supply, defying expert predictions of price correction.
MCHI requests Maharashtra CM to form expert panels for project clearance, citing lengthy current process.
The MCHI-CREDAI Property Expo 2013 in Mumbai has seen a huge turnout of buyers, indicating robust interest despite market challenges, showcasing over 15,000 properties.
McDonald's India plans to invest ₹265 crore to expand its presence in South and West India, aiming to reach 250 stores by March 2015.
A seven-story building collapsed in Thane, killing 74 people. Arrests were made, revealing deep corruption within the real estate sector involving bribery of civic officials.
Mumbai faces a real estate crisis with Rs275 billion invested since 2005 yielding few returns, leaving many flats vacant and buyers confused amid rising costs and regulatory changes.
Chief Minister Prithviraj Chavan inaugurated a web-based portal for issuing clearances for new building projects in Thane, aiming to enhance transparency and efficiency.
Sheth Developers pre-leased half of their upcoming 1 million sq ft 'Vivacity' mall in Thane, Mumbai, to retailers like Hypercity, Shopper's Stop, and Cinepolis, indicating a resurgence in commercial real estate demand.
The 2010 India Realty Expo in Dubai, organized by MCHI, saw significant success with 2,847 NRI attendees. Attractive pricing and ready properties drew numerous investors. The expo showcased projects from Mumbai, Bangalore, Goa, and Pune, with strong interest in 2/3 BHK flats.
Property firms are optimistic as they launch new housing projects for the festive season, despite challenges in demand and price hikes.
Textile company Raymond plans to enter the real estate sector with a residential project in Thane. The project aims to develop surplus land and will be funded by internal accruals, pending shareholder approval.
Peninsula Land plans to raise ₹500 crore through QIP to acquire land in Mumbai, focusing on Parel, Lower Parel, Kanjurmarg, and Thane.
India's commercial real estate market is rebounding, driven by rising government revenues and an improving economy. This has led to increased investor inquiries and rental deals.
Mumbai is the most preferred real estate investment destination, followed by Chennai, according to a recent survey. Patna, Nasik, Tiruchirapalli, and Madurai are also emerging as attractive options.
Public sector banks cut home loan interest rates, benefiting buyers in Mumbai's outskirts and other cities. The move aims to support the housing market, but some experts believe a greater impact would require higher loan limits and increased consumer confidence.
Mumbai suburbs to see 10-20% property price drop by March 2009, Jones Lang LaSalle Meghraj predicts, citing excess supply beyond Borivali, Thane, and Navi Mumbai.
Amidst a real estate slowdown, K Raheja Universal and Lupin's land deal in Boisar, Thane has collapsed due to market insecurity. Lupin denies real estate interest, focusing on its pharmaceutical business.