Use this to understand how much EMI/monthly Instalment you will have to pay for your dream house.
Calculate NowSouth Mumbai, once known for being among the costliest real estate markets, is set to witness a heavy inflow of infrastructure projects like the Metro, the Coastal Road, and the Mumbai-Navi Mumbai Trans Harbour Link.
The expressway will connect Dwarka in Delhi to Gurugram, provide alternate access to the IGI airport, India International Convention Centre and other key locations in Gurugram.
Local brokers say that key micro markets like Hennur Road, Jakkur, Yelahanka, and Hebbal are the most promising locations for real-estate investments.
This is thanks to urban sprawl, saturation levels experienced by existing areas, new Metro connectivity, modern highways, and new real estate players who have come up with innovative offerings in these far-flung locations.
Real estate experts said availability of Properties under Rs 50 lakh is limited and available in areas located far from city centres or central business districts in the NCR.
According to market insiders, rentals in the residential market between Dahisar and Andheri have increased between 10-20 percent, more than in the rest of Mumbai.
The developer is targeting a topline of Rs 2,000 crore for the residential project. Overall, the company has potential for a Rs 27,000 crore topline, including a 6 lakh sqft construction in Bandra and a 100-acre land bank in Thane.
Currently, the company has over 20 million sq ft of apartments and 3 million sq ft in plots under construction. This year, the company plans to hand over 3,000 units compared to 2,000 units last year.
Within the housing sector, affordable housing took the lead with a significant 45 percent share, followed closely by mid-range housing at 39 percent, the report said. High-end housing comprised 10 percent of the market.
The decision will lead to increased demand from professionals who can now own their office spaces or business locations, experts said.
This star-studded coastline is where Bollywood stars, sporting legends, industrialists, investors, and top executives have all built a second home. If you wish to follow in their footsteps, do so after due diligence to avoid post-purchase pain.
Rentals and occupancy have increased by 25-30%. Developers are capitalising on this growing market by selling villas with a carpet area of 1,500 sq. ft to 4,500 sq. ft. in gated communities.