Mumbai got 7,200 new houses in first 3 months of 2013
Jun 04, 2013
Source : The Times of India

 

 

MUMBAI: Developers launched 7,226 residential units in the first three months of 2013 in Mumbai, according to the latest quarterly report by global realty firm Cushman and Wakefield.

Nearly 80% of the launches were in the suburban locations such as Goregaon, Malad, Borivli and Thane. The high-end segment continued to contribute the most at 67% of the total units launched.

 

Low transactional activity and high levels of unsold inventory have resulted in stable capital values in most micro-markets. But with low availabilities in the mid-end segment, capital values in south central Mumbai increased by 19% over last year, while the western suburbs saw a change in capital values at 21% over last year, the report said.

 

An increasing trend among developers is offering flats with smaller configuration—1 and 1.5 BHK—to drive up sales.

 

According to the report, about 38,000 residential units were launched in Q1 of 2013 in major cities, registering a marginal decline of 2% over the previous quarter. Bangalore recorded the highest number of launches at 11,622 units, contributing to around 31% of the overall new supply in the top eight cities followed by NCR and Mumbai.

Latest Realty News

Mhada to hold 1 more lottery around Diwali
Jun 03, 2013
In a first, the Maharashtra Housing and Area Development Authority (Mhada) is planning to hold a second round of lottery for 2,450 under-construction flats around Diwali this year. The flats, which would be completed early next year, would be located in Virar, said Mhada vice-chairman Satish Gavai.
Virar offers multi-dimensional benefits for affordable housing
Jun 03, 2013
For Somesh Vaidya, who shifted to Virar from Borivili, it was a decision he would not regret. The area has excellent connectivity, more open space and social infrastructure is no less compared to the other suburbs. Another added advantage of buying property here is its easy accessibility to Mumbai via the Western Express Highway, which is just five kms from the area and the Metro is only in three kms. The roads are also constructed well and are in good shape.
Pune’s Green Chapter
Jun 03, 2013
One may wonder why the sudden gust of Green Homes. Why are real estate developers suddenly focused on building green buildings/townships? Magicricks.com understands the benefits of investment and the interest of developers in green homes. It has launched its www.magicbricks.com/gogreen microsite to celebrate World Environment Day for the entire month of June 2013.
Mumbai may get exemption from high rise rules
Jun 03, 2013
High rise building projects in India’s commercial capital Mumbai might get a breather from the ministry of environment and forests (MOEF) guidelines linking height of the building with a width of a near-by road and a distance from fire station.
HDIL slips on posting Q4 losses
Jun 03, 2013
Housing Development and Infrastructure (HDIL) has slipped 9% to Rs 46.90 after reporting a consolidated net loss of Rs 280 crore for the quarter ended March 31, 2013 (Q4) due to exceptional loss of Rs 442 crore pertaining to Mumbai International Airport Slum Rehabilitation project. The Mumbai-based real estate developer had a net profit of Rs 316 crore in the same period a year ago. The company’s income from operations declined sharply 77% to Rs 140 crore from Rs 622 crore during the recen
Mumbai's desire for height
Jun 03, 2013
Mumbai's real estate is among the most expensive in the world. Partly, of course, this is a result of geographical factors - the city is limited by natural boundaries of sea, hills and marshland.
Realty pile-up doubles in NCR, Mumbai, Hyderabad
Jun 03, 2013
Tough times are far from over for the real estate sector. The inventory pile-up across the National Capital Region (NCR), Mumbai Metropolitan Region (MMR) and Hyderabad have almost doubled in the last three years, signalling the market is to yet recover.
Economically backward class to get 'green homes'
Jun 03, 2013
As many as 184 homeless families in Malappuram can reside in their 'green houses' as the municipality will soon inaugurate the flats constructed for economically backward families, under the Integrated Housing and Slum Development Programme ( IHSDP) project
The agent who can save a deal
Jun 03, 2013
Amit wanted to sell his apartment in Mumbai and approached a real estate agent. His dealer took more than six months and was still unable to sell the property.
Hidco eyes rich harvest by plot sale
Jun 03, 2013
fter reaping rich harvest last year by selling off lands, The Housing Infrastructure and Development Corporation (Hidco) has again put up several commercial plots for sale.

Latest Realty News Of State

Realty Talk's