at the very Core of it all … is Content!
Several years after New Delhi, the country’s political capital, witnessed a transformation with the implementation of the Delhi Metro, the financial capital of Mumbai is set to experience a similar phenomenon with the imminent commissioning of the Versova Andheri-Ghatkopar (VAG) corridor of the Mumbai Metro. With equity participation from Reliance Infra and Veolia (a French …
Seven Real Estate Questions Explore The Big Picture MUMBAI, April 28, 2014: International property consultancy JLL India has released its latest research report ‘Offices 2020 – Mapping The Future Of The Mumbai Office Market’. Anticipating the changing trends of commercial real estate in India’s financial capital, Mumbai Offices 2020 provides ‘foresight with purpose’ into where …
While all eyes are on the general elections, the real estate sector is holding its breath for the potential optimism that is expected once the results are out. This optimism is expected to boost transactions and lift homebuyer sentiment. There is no doubt that the actions and inactions ascribable to the current government have …
2013 Review: Increased Absorption Reduced Vacancy Rental & Capital Values Rise Stock Growth Slows CBD/SBD Lose Further Market Share Despite the uncertain economic conditions, absorption of office spaces in Mumbai rose by 4.4% y/y to 7 million square feet in 2013, as against the 6.7 million square feet in 2012. As a result, vacancy fell …
Reduce Unit Sizes To Improve Affordability Mumbai has a high residential inventory of 67,000 units, equal to sales of 34 months. While the underlying demand is strong, it is not being converted into transactions due to the high property prices. From a developer’s point of view, low absorption is a source of worry; however, due …
A leasehold property defines the status of the land on which the property is built. Leasehold land on which construction takes place is ordinarily on long-term lease of 99 years onward. Specific to residential property on leasehold land, one may use the example of the MMRDA’s Wadala development plan, wherein the land is given on …