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Recent Property News in Mumbai

A brief Description

As per the updated survey in real estate market , the information collected is that, as the city of Mumbai is considered as the trade capital of the nation and hence investors pertaining to the real estate are more concentrating not only from India but even abroad. At present and even in future, Mumbai is the destination to have one’s own valuable property and yielding reputed property builders and developers into the city of Mumbai .

Even while counting the numbers, the city of Mumbai has got maximum real estate builders and developers in the country. The property prices have not come down but due to lack of supply in quality constructions, there is less demand for property in Mumbai . As many people from all sections are entering into the city of Mumbai and the city is a shelter for most of the MNCs’, business people and corporate people along with people from amusement sector and also the Bollywood industry will witness inclination in the rate of migration. As a result, the real estate giants are grabbing the opportunities in their sector with demand.

Meanwhile, property builders like Ansal API Builders, D S Kulkarni Developers, Godrej Properties, Hiranandani Constructions, Kalpataru Builders & Developers, K Raheja Constructions, Shapoorji Pallonji & Co Ltd, Panchshil Realty Group, Shapoorji Pallonji & Co Ltd, Oberoi Constructions and Vascon Engineering are called as major builders and initiating their housing and commercial projects to the tune of growing demand of the people. As the professional people are entering in to the city of Mumbai seeking opportunities in MNCs and corporate people are establishing their business units at Mumbai , there is a huge demand from IT / ITES, finance, pharmaceutical, insurance sectors and even from telecom sectors, to construct office accommodations.

From the financial year 2009 up to the end of fiscal year 2019, out of the total estimation supply of 23.68 million square feet of accommodation meant for office and business purposes, 33 per cent is the contribution from the western suburbs of Andheri, Bandra-Kurla Complex, Gurgaon and Malad. The central suburbs of Ghatkopar, Kurla, Kalyan, Thane and Wadala will contribute 27 per cent. The accommodations are of spacious as per the need of MNCs and large-scale offices.

In the region of south Mumbai , and particular areas like Malabar Hill, Cuffe Parade, Marine Lines, Byculla, NepeanSea, Malad East, Borivli, Church Gate Peddar Road and Nariman Point and in the western suburban areas like Khar and Santacruz areas are having residential segments and recorded the highest rates in real estate. Affordable housing options can be seen in the areas like Mahim in southern part of Mumbai , Ambernath and Kalyan in the central part and in western parts of Mumbai areas like Bhayander, Mira Road, Nallaspora, Vasai and Virar and in Navi Mumbai in the places of Kalamboli, Panvel.

To know about the situation and type of improvement and construction projects that are taking place in Mumbai , the real estate news will provides the detail information. Even to know price structure on rental and leasing basis, which are the other options to the investors and the people who desire to own their property .

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