Why Mumbai is truly a city of riches

The verdict is here! Magicbricks’ PropIndex (India Apartment Index) report has termed Mumbai to have an exorbitantly expensive real estate. The report states that Mumbaikars have made it so. Don’t believe it? Here is the proof.

According to the latest edition of Magicbricks’ PropIndex (India Apartment Index) report, the demand for properties priced above Rs 1 crore is the highest across all budget range, almost synonymous to its supply which is also at the peak.

What has pushed the demand of residential units in the higher budget range?

Property pundits are of the view that the increasing population of young and rich people has resulted in this trend. Moreover, the base value of properties in Mumbai and close suburbs is also high where per sq ft value is not less than Rs 10,000 per sq ft.

Read entire Article on http://goo.gl/HF6jZj


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