Alternative Assets | wealthymatters

Where Are The New Properties In Mumbai?

September 12, 2013 Leave a comment

wealthymatters In Mumbai there were around 18,000 units launched in the first half of the year till June, representing an increase of 30% over last year.

Of the total new launches, a majority of 30% were concentrated in the western suburbs of Andheri, Bandra, Malad and Goregaon. Navi Mumbai contributed 24% to the overall launches with the second phase of a large township project launched in Panvel.

The central suburban stretch from Kurla to Mulund contributed 20% to the new launches with two large projects coming up in Mulund along with projects in Chembur, Kanjurmarg and Ghatkopar.

In Thane, where a number of projects are currently under construction, the pace of new projects has slowed down in 2013.

Filed under Alternative Assets, Tool Kit Tagged with Andheri, Bandra, Chembur, Ghatkopar, Goregaon, Kanjurmarg, Kurla, Malad, Mulund, Navi Mumbai, new launches, Panvel, postaday, real estate investment, Thane

Behaviour Of South Bombay Real Estate In Recession

September 10, 2013 Leave a comment

wealthymatters

The residential real estate market in South Bombay has undergone a change in the past three years. Earlier, the South Bombay market was predominantly a resale property market, but now there is a lot of new supply coming in. This has led to a pile-up of inventory.

Napean Sea Road, which boasts of some of the most expensive apartments in India, has premium projects by Rohan Lifescapes, Lodha and Orbit Developers.About 25% of apartments in these new projects remain unsold.

Similarly,all the newer projects in South Bombay are in the ultra-luxury segment and it’s difficult to find buyers for these higher configuration and big-ticket homes in the current market,

So sale of new property has dropped 30% in the past eight to 12 months. For every 100 homes available for sale in a quarter, only six are getting sold. Read more of this post