Mumbai Property News

Housing prices in Mumbai, Delhi matching 2008 level: JLL

Mon, Dec 20 2010

In a cautionary remark, the global property consultant Jones Lang LaSalle has stated that the housing prices in Delhi-NCR and Mumbai have reached the peak level of 2008 and any further rise in the rates will adversely affect the demand.

Mumbai residential prices seen rising 15%

Sat, Dec 18 2010

Hiranandani Constructions, one of the top Mumbai based realty builder, has stated that it expects a rise in the Mumbai property prices by 15 per cent in 2011 even if there is a slowdown in the property market.

Mumbai: A Preferred Property Investment Destination

Tue, Jul 6 2010

Increasing the demand of housing, A recent survey shows that nearly 28% people all over India wish to own a house in Mumbai,70% of the people wish to buy a property for self consumption

Mumbai plot scripts record $850 mn deal

Wed, May 26 2010

Mumbai has again proved to be the choicest commercial realty destination as it bags a record $850 million deal on Tuesday. Realty major Lodha Developers has finalized a deal to win a plot of land in central Mumbai in the consideration of worth 40.5 billon rupees ($850 million).

Axis Bank buys office space for Rs 782 cr from Bombay Dyeing

Thu, May 20 2010

The textile major Bombay Dyeing has sold off a whopping part of office space of about four lakh square feet to the Axis Bank in Mumbai for Rs 782 crore. It costs to Axis Bank almost Rs 16,000 a square foot for the central Mumbai location in Parel.

Mumbai, Delhi realty rates on way down

Sat, May 15 2010

Country's real estate analysts expect that the prices for new bookings in residential segment in Mumbai and NCR Delhi are likely to fall. They see a decline of 10 to 20 per cent, which lower than prevailing market rates.

Panel soon to advise Govt on Floor Space Index policy

Fri, Apr 23 2010

In a bid to consider the vertical growth of buildings in the city, The Maharashtra Government has decided to set up a committee, which will advice it on revising the Floor Space Index ( FSI ) policy for Mumbai.

Mumbai property prices may see further upside: JLLM

Tue, Apr 20 2010

The latest real estate report released by Jones Lang LaSalle Meghraj (JLLM) says that prices for residential housing may see significant rise on account of increased sales and growing investor sentiments.

Godrej to give prime 35-acre land in Mumbai for development

Wed, Apr 14 2010

Mumbai's biggest landowner Godrej Group has announced its plans to launch a prime 35-acre chunk in Vikhroli by the end of the year. This could be one of the largest sprawls of unencumbered real estate coming into the market in the recent past.

Mumbai property expo no longer a crowd puller

Mon, Apr 12 2010

The much-hyped annual property expo, launched by Maharashtra Chamber of Housing Industry, has failed to garner realty buyers. Only a dozen of buyers were ambling across the sprawling exhibition area on Saturday afternoon.

Delhi, Mumbai most preferred by home-seekers : Survey

Tue, Mar 30 2010

A nationwide survey revealed on Monday that 62 per cent of prospective homebuyers are seeking for accommodations in Delhi and Mumbai. However, the year 2010 has been seen as one of the choicest real estate investment destinations.

Maharashtra to levy 1% VAT on homes

Sat, Mar 27 2010

The Government of Maharashtra has declared the levy of one per cent Value-Added Tax on property sale. This would be effective from April 1, 2010 in its Budget for 2010-11.

Parsvnath may sell BEST land to Kanakia

Thu, Mar 18 2010

The New Delhi based realty major Parsvnath Developers is on the path of signing deal with a local developer for its BEST land at Kurla. The property deal entails an investment of Rs 307 crore, sources involved with the deal said.

Cost cutting : ICICI sells Prabhadevi property

Tue, Mar 9 2010

ICICI, India’s second largest bank has planned to sell some of its properties this year. This plan has been devised in order to control the growing costs. A Mumbai based 13 floor building Prabhadevi has already been sold by the bank.

Wadia sells Mumbai building to Axis for Rs 640 crore

Fri, Feb 26 2010

Country's largest real estate deal is under process at Worli, where a new four-storey commercial building would be sold Rs 640 crore. The deal will pitch new standards for realty players. The deal has been finalized by Nusli Wadia led Wadia Group with Axis Bank.

Realty prices may inch up on demand pick-up

Wed, Feb 17 2010

Whereas home prices in the realty sector in the metros like Delhi and Mumbai may see a slight price rise, their suburbs are expected to make betterment due to the back of renewed activity on the employment front, bankers and realty players.

Mahindra's green project

Mon, Feb 15 2010

Mahindra Group has launched in Mumbai the second phase of Mahindra Splendour. In this phase, Mahindra Lifespaces has been offering 2 and 3 - BHK apartments of 1,464-1,641 sq.ft. The project is situated at a 5 minutes drive from the Jogeshwari-Vikhroli Link Road.

Realty at a premium

Mon, Feb 1 2010

The prospects of realty firm D B Realty are bright and its IPO pricing is expected to be stiff. This Mumbai based firm is planning to raise Rs 1,500 crore to support its ongoing project and to clear out its debts.

SC's 'forest land' ruling gives real estate cos a high

Fri, Jan 22 2010

In Mumbai's main suburbs activities in the realty sector have risen as a result of recent Supreme Court ruling on the 'forest land' issue. However, these activities were restricted earlier due to the interim ruling.

Godrej Properties Sees Strong Demand for Homes in India

Tue, Jan 5 2010

The Executive Director of Godrej Properties Ltd. has stated that demand for homes in India is going to touch higher ebbs in near future. Being bullish on the expectations, the real estate company made its trading debut in Mumbai today.

What drives real estate prices in India ?

Tue, Dec 29 2009

If we believe what is expected by Gulam Zia, national director—research and advisory services, the real estate prices from Vashi to Panvel are likely to be increased due to the Mumbai’s second airport coming up near Khargar.

Now, buy prime office space for just Rs 5 lakh

Wed, Dec 23 2009

You can now own an office property at Mumbai’s posh location, Nariman Point by investing only a sum of 5 lakh. The real estate is witnessing a decline of 30-40% coupled with firming rate of interests that has resulted in more private equity funds investing in real estate spaces out for rent.

Wadhwa buys Mumbai land for Rs 570cr

Tue, Dec 22 2009

It is believed that Mumbai-based Wadhwa Group has bagged 2009’s biggest realty deal. It had recently concluded negotiations to obtain the 18-acre Hindustan Composites land in Ghatkopar for Rs 570 crore.

Realty demand seen picking up in Jan-Sept

Sat, Dec 5 2009

The real estate sector in Mumbai will soon move to face a surge in demand as the global investors are pretty bullish about it and seeing it as a perfect destination

Mumbai slips to 7th spot in most expensive office market list

Sat, Dec 5 2009

As per the report released by Global Office Rents survey, Mumbai has came down in the ranking of world’s most expensive office markets. However, Delhi has improved in the same ranking are compared to past surveys.