The last quarter has definitely been a slow one for
Mumbai’s real estate market. The festival of Gudi Padwa, which is
generally considered one of the strongest sentiment boosters for the
real estate market, couldn’t quite galvanise the market, clearly
indicating the status of realty market. The Maharashtra government
decided earlier on to hike the Ready Reckoner rates, by up to 15 per
cent in certain circles. Fears of hike in stamp duty and registration
charges dampened buyer sentiments.
The Mumbai City Index continued to drop in the Jan-Mar 2015 quarter, this time dipping by 6 per cent. In the Oct-Dec 2014 quarter the City Index had dipped by 1 per cent. On the other hand, the Listed Price Monitor, similar to the previous quarter, remained unchanged during the same period.
The Mumbai City Index continued to drop in the Jan-Mar 2015 quarter, this time dipping by 6 per cent. In the Oct-Dec 2014 quarter the City Index had dipped by 1 per cent. On the other hand, the Listed Price Monitor, similar to the previous quarter, remained unchanged during the same period.
Supply in Mumbai remained more or less stable during the Jan-Mar 2015 quarter. This pushed the City Index down by 6 per cent.
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About us
MCHI-THANE has always been very clear that fine housing complexes and shopping malls cannot stand in isolation. A great City is the sum total of great buildings, great infrastructure and great people. MCHI has been committed to growth of the real estate sector and is credited with the harmonious growth and rise in quality and standards of construction in Thane City in the past decade.
Its aim as an Association of Developers has been to seek rational rules and regulations which are uniformly applied across the board as this will to a great extent result in speedy construction, cost reduction, fair pricing and a push for better quality standards at par with the developed world, with a high level of transparency.
Contact
501, 5th Floor, Plot No - A-123/4,
Odyssey IT Park, Road No. 9,Wagle Estate
Thane (W) - 400 604, Maharashtra, India
Mobile : (+91) 9833 4583 23 E-mail: mchithane@gmail.com
MCHI-THANE has always been very clear that fine housing complexes and shopping malls cannot stand in isolation. A great City is the sum total of great buildings, great infrastructure and great people. MCHI has been committed to growth of the real estate sector and is credited with the harmonious growth and rise in quality and standards of construction in Thane City in the past decade.
Its aim as an Association of Developers has been to seek rational rules and regulations which are uniformly applied across the board as this will to a great extent result in speedy construction, cost reduction, fair pricing and a push for better quality standards at par with the developed world, with a high level of transparency.
Contact
501, 5th Floor, Plot No - A-123/4,
Odyssey IT Park, Road No. 9,Wagle Estate
Thane (W) - 400 604, Maharashtra, India
Mobile : (+91) 9833 4583 23 E-mail: mchithane@gmail.com
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