#XRBIA Chembur Central – Making Lavish Living Affordable

wealthymattersMumbai is a city where real estate is so expensive that a lot of people, even those who are far from poor, make do with tiny homes in old dilapidated buildings and others resign themselves to living in far off suburbs in the MMR where homes are cheaper and then suffering the inevitable long commutes into the city.

Now the problem of living so long in an environment where we train ourselves to expect less by way of lifestyle, as an inevitable compromise to get on with the business of making money in Mumbai, is that we often forget to open our minds enough to ask if this much of compromise with the quality of life of ourselves and our children is really inevitable. For those of us living a cramped life in really old houses, are there no other locations where the houses are newer and the social infrastructure comparable to those in older neighbourhoods of the city ?And for those of us commuting for hours everyday, areĀ  there no better located homes, such that long commutes are cut short and we literally find time to actually live life in the Maximum City? Read more of this post

Where Are The New Properties In Mumbai?

wealthymattersIn 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.

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