Pay crores for these luxury addresses

After hubby Junior Bachchan’s Rs 41 crore investment in Worli just a few months back, wife Aishwarya has reportedly bought a 5,500 sq ft high-end residential flat for Rs 21 crore in Bandra Kurla Complex (BKC). High property rates don’t waver tinsel town members from making a new purchase. Where are they investing in Aamchi Mumbai? Read on.

BKC, deserves a special mention not only because it is home to some of the costliest properties but because the Mumbai Metropolitan Regional Development Authority (MMRDA) has identified this region for its smart ventures.

Energy-efficient street lighting, smart parking, Wi-Fi access, digitised scrutiny of construction proposals and even CCTV cameras with advanced video analytics are some future smart endeavours of the authority.

“A smart business district means the vicinity and real estate projects would be the ultimate beneficiaries. If the funds for civic amenities are rightly allocated, the residential sector would be positively impacted and the area would become cleaner,” says Rahees Rijwi, realtor at Confirm Deal.

Read entire article on http://goo.gl/KLL1ov

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   

Cost of land for highways up 6 times since 2011

The land acquisition law enacted during UPA's tenure has pushed up the cost of buying land for highway projects almost six times over five years. In the current financial year, the National Highways Authority of India (NHAI) estimates the initial price per hectare at Rs 3 crore, compared to Rs 56 lakh in 2011-12.

Compared to the average cost of Rs 1.35 crore a hectare during the last financial year, the acquisition value is estimated to be more than double this year. This has resulted in the overall cost of constructing a kilometre of a four-lane highway rising to almost Rs 16 crore, compared to Rs 11crore -12 crore a couple of years ago. A steep rise in the project cost has implications for the toll users pay.

The overall cost of building a kilometre of road includes construction expens es and the compensation paid during land acquisition. Sources said the expenditure towards land acquisition for building bypasses could be even higher -as much as Rs 10 crore-11 crore a hectare in certain parts of the country -as land around urban clusters is more valuable. Also, it bypasses need for more land compared to upgrading an existing two-lane stretch to four lanes. The higher cost of land has implications for the greenfield expressways planned around the country .

Read entire article on http://goo.gl/WsdTcs

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  

Mumbai prime office rentals down 4%

With average prime district office rentals falling by 4% in the first quarter of 2015, Mumbai has performed better than just two cities in a global Jones Lang LaSalle survey, which was released on June 25.

Only Sao Paulo and Moscow, with 5% and 24% depreciation, respectively, fared worse in the comparison between central business districts of leading cities across the world.

Mumbai figures among those global financial centres that saw a fall in prices. Moscow and Sao Paulo, which are also financial centres of these emerging economies, are in the red. Among the mature economies, only Brussels and Paris figure in the red and Frankfurt sits on the borderline. Most other cities such as Sydney, New York, Tokyo and London remain in the black.

Read entire article on http://goo.gl/3rCO5e

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

Areas beyond Thane provide good options for housing

Shirin Sudhakar acquired a ready-to-move, two bedroom, hall, kitchen flat for an all-inclusive cost of around Rs 22 lakhs. Having fully paid back the bank loan taken to fund this acquisition in 2010, she decided to invest around Rs 80 lakhs in another two-and-half BHK apartment near the Eastern Express Highway in Thane. According to the company spokesperson of Kalpataru Ltd, “In the last two decades, Thane has been transformed into a rapidly-developing location. The city, which was earlier dominated by industrial units is now dotted by high-rises. Thane, that was known for affordable housing due to a lack of infrastructure and connectivity a decade ago, today, boasts of the best residential townships, hospitals, schools and social infrastruc ture, thus making it one of the fastest developing districts for premium and luxury housing.“

A Harikesh, senior vice-president, sales and marketing at Tata Housing Development Company Limited, says, “Mumbai will always remain the favourite destination for home-buyers. Areas like the Thane-Kalyan belt offer a lot of market potential to the developers owing to its connectivity and accessibility to the city of Mumbai. Lately, these areas are offering projects, which not only fit the budget of the buyers, but also offer the best-in-class facilities that are at par with interna tional standards.“

After Kalyan and Dombivali, Ambernath is fast becoming one of the rapidly growing suburbs of northeast Mumbai. These regions are also becoming the next sought-after destinations for second home-buyers, largely because of the multiple amenities and infrastructural developments taking place around these areas.

Read entire more @ http://goo.gl/prZVUn

 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

 

Meet the luxury home buyers from Bollywood

Owning a home in Mumbai not only requires lot of money but status as well. As some of the builders have started marketing their property ‘by-invitation only’, it seems Bollywood stars are new target audience for them.

However, this time SoBo (South Mumbai) isn’t the address which have attracted star investment. In fact, buyers are moving towards suburbs to look for a perfect home for themselves. Its not just the space which is appealing these buyers but privacy from paparazzi, independent lifestyle and proximity to their workplace have made them confident of what they are buying.

Interestingly, this time the list includes some prominent female faces who have invested in some of the costliest properties on sale in Mumbai.

Apparently, even Ranveer Singh has moved to new home in Goregaon to stay close to Bajirao Mastani set. This is a bachelor pad which has all essentialities required for day to day life.

Read entire article on http://goo.gl/7scDF1

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  

Railways must exploit real estate, besides fare hike

The railway ministry and the state government need to look for out-of-the-box solutions, including a fare hike, exploitation of real estate and subsidies to shore up finances of the suburban railways, which cater to almost 75 lakh passenger per day.

Affordability and sustainability are key to ensuring commuters are willing to pay the right fare and the operator is able to run the services without compromising on safety, maintenance and comfort.

A fare hike is a solution but not panacea for all ills. An official said, "A survey revealed that commuters are comfortable with only a 15% hike. This should be the first step, even though it will give us Rs 250-300 crore more, which still leaves the suburban railways with a loss of around Rs 800 crore."

The official said the railways was subsidizing the cost of private enterprises by charging low fares. He said, "If higher fares are charged, traders and corporates will have to increase conveyance allowance to retain their workforces."

Mumbai is the costliest city in terms of real estate but the railways has failed to exploit its potential.

Read entire article on http://goo.gl/qRWSlu

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    

How to do your own research when buying property

Magicbricks has been conducting a series of Hangouts to facilitate quicker decision making among buyers’ when they go out into the market to look out for the right property. The event was chaired by E Jayashree Kurup, head, Content and Research at Magicbricks.

Are you looking out for a property? Here are some tips that would help you out-

Make use of readily available data in the form of websites, such as Magicbricks. Key is your location, budget and property type of your choice and find a lot of options. Shortlist your selection. If you are choosing from the secondary market, there is a previous buyer involved. Therefore, he/she has already paid a sum and expects to make a gain out of this transaction. He puts forward an estimated value of his property and that is the first value you would see.

Sellers are usually open to negotiation and such sellers can be classified as owners and brokers. You can get in touch with these sellers through the contact details listed on the website. However, do your own research before zeroing down on a property. Listed prices are an indicator of what is in the market but you may want to do a personal research to check what others in the market are offering.

Read entire article on http://goo.gl/1lFJv3


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