Tag Archives: Mumbai Real Estate

Air India Cast Away Sahara’s Bid For ‘Lease –Tagged’ HQ

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Sahara India hunts for global iconic properties. And the firm lays its eyes on Air India’s landmark headquarters at Nariman Point in Mumbai.
Air India shakes its head in negation to Sahara's bid.

Air India shakes its head in negation to Sahara’s bid.

Debt- driven Air India has recently disclosed its plan to lease/ monetize its real estate assets to cut off its debts. The national carriers was planning to lease out 20 floors of its headquarters at Nariman Point while keeping the top three floors for its own office purposes.

Air India expects to generate around Rs.50 Cr yearly by leasing out 16 lakh sq. ft. in the tower. Lucknow – based Sahara group approached Air India with its plan to lease out the entire area for 30 years. The sources close to Air India however said that the bid was not accepted as it did not wish to lease out the HQ in Mumbai for a longer period. Air India plans to lease the HQ building for shorter period. Continue reading →

Ulwe in Mumbai Turns Target for Real Estate Investment

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Recent studies show that Mumbai Suburb Ulwe has emerged as one of the top destinations for real estate investment. The area has been noted for residential real estate growth.

As per the report of Knight Frank, global real estate consultant agency, Ulwe is to witness a price hike by 145 %.

As per the report Wadala and Chembur in Mumbai stand on the second and third positions respectively. The report records that both these areas will have price hikes at the rate of 133 per cent and 125 per cent in the coming five years. Continue reading →

Surging Prices Pulls Down Residential Sales

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Unaffordability created by the surging prices inversely affected the residential sales. Most of the top cities are affected by fall in demand and residential sales.

Residential Sales Faces Trouble

Residential Sales Faces Trouble Mainly from Surging Prices

Real estate builders normally foster residential sales by granting discounts. This is not seen in the present real estate situation. The real estate builders seem not willing to lower the prices at any cost. They point to the increased cost of production. Continue reading →

Festival Season Gives New Hope to Real Estate Builders

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Mumbai real estate builders expressed their hope of getting a festive turnaround. Real estate Property exhibition held at Mumbai had really showered some rays of hope to the developers.

Own your home during this festive season for real estate

Own your home during this festive season for real estate

Festive season is always considered as the most suitable time for residential purchasing. Real estate Property exhibition held at Bandra-Kurla Complex concluded on Sunday. Continue reading →

Falling Demand Forces Real Estate to Bid Small Offices

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Mumbai Real estate firms sell out their small office space due to lower demand. Corporates and financial institutions do not raise any demand for office space.

lower real estate demand

REAL bElow STATE  of demand

Real estate firms are forced to sell smaller offices by dipping demand. Some of the prominent property developers like Wadhwa Group, Hubtown, Lodha Developers, Kanakia, etc. have started selling of their smaller office spaces. Continue reading →

Mumbai Real Estate termed Investor-Unfriendly by CREDAI

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CREDAI showed discontent over the unsupportive policies of the MH govt. by terming Mumbai real estate as “investor unfriendly.”

Bye Bye to Mumbai Real estate

Bye Bye to Mumbai

CREDAI is dissatisfied with the existing Mumbai real estate conditions. This unfriendly atmosphere of Mumbai leads CREDAI to shift their investment plan to Gujarat. Continue reading →

Government’s Surplus Land Selling Boosts Real Estate

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The higher financial stress of the Government makes them think of selling or leasing of the surplus land. This will provide more land for construction in metropolitan cities like Delhi, Kolkata, Mumbai and other such notable cities of India.The decision will boost the real estate growth. Realty firms are sure to cast their hawk’s eye on this land and make the profit out of it. Continue reading →

Mumbai Real Estate Price Crashes Again

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Mumbai real estate price witnessed a slight fall in recent years. Knight Frank a well-known Market Research Firm reported that the property price has gone down in many Mumbai markets. Many realty firms suffered loss as sale has gone down by 70%.  Higher growth of interest and the stingiest Housing Loan Schemes pulled the demand down. It is estimated that around fivefold increase in the interest rate happened during 2008 to 2012. Moreover the RBI keeps very strict with providing house loans. The housing loans are reduced with a view of curtailing the over flow of money. Continue reading →