Mumbai sees yet another year of tepid real estate leasing activity

Mumbai, India’s commercial capital, saw yet another year of tepid real estate leasing activity in 2014 as the overall leasing activity dropped to its lowest in five years, despite a demand revival in the last three months of the calendar year, according to a report by commercial real estate consulting firm Colliers International.

Absorption of commercial real estate in Mumbai fell to 3.12 million sq ft in 2014, down 44% from 2013.

The trends in leasing of commercial real estate in Mumbai was in contrast with those visible in the rest of the country. Office space leasing across India saw a year-on-year rise of 11% at 35 million sq ft, the Colliers report said. Leasing activity was dominated by Bengaluru with a 39% of the overall market, followed by Delhi and the National Capital Region (22%) and Pune (14%).

“The improved economic sentiment in India has led companies revisit their office space requirement and future expansion plans. Some of this was reflected in the total space absorbed in 2014. We anticipate more robust expansion plans in 2015,” says Surabhi Arora, associate director (research) at Colliers International.

Read entire article on http://mchithane.org/Mumbai-sees-yet-another-year-of-tepid-real-estate-leasing-activity.html

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 us at -  (+91) 9833 4583 23 or Email us -  mchithane@gmail.com

501, 5th Floor, Plot No - A-123/4,
Odyssey IT Park, Road No. 9,Wagle Estate
Thane (W) - 400 604, Maharashtra, India 

Auction properties up for grabs in Mumbai

Your hope to buy a property in Mumbai at a much lower rate than the market may be realised soon. Mumbai has about 12,000 flats up for sale by banks that are from EMI defaulters.

Areas these are located include places close to Andheri's Lokhandwala Complex; CHS Kajupada, Borivli East; areas near Gurudatta Colony, Kalyan (West) and suburbs such as Khargar, Navi Mumbai, Dombivili and Nerul and even prime areas in Bandra Palli Hill.

"These properties that are auctioned by the banks are about 30 per cent cheaper than the market value," says Sanjay Gawde, an investor and a regular at several such bank auctions announced in the city. 'With the markets set to look up this would be good time to target these auctions."

In Mumbai and its suburbs, according to Magicbricks data, an estimated 20,000 apartments and about 1000 homes are in the process of being notified, seized and auctioned off as home loan borrowers stop paying their monthly EMIs.

Read entire article on http://mchithane.org/Auction-properties-up-for-grabs-in-Mumbai.html

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 us at -  (+91) 9833 4583 23 or Email us -  mchithane@gmail.com

501, 5th Floor, Plot No - A-123/4,
Odyssey IT Park, Road No. 9,Wagle Estate
Thane (W) - 400 604, Maharashtra, India

Mahindra Lifespaces to host ‘Happinest Homefest’

Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure development arm of the USD 16.5 billion Mahindra Group, announced the launch of the second phase of its affordable housing project – HAPPINEST - in Boisar, a suburb of Mumbai, on the occasion of Gudhi Padwa. 

The second phase of the Happinest project, with unit prices starting from Rs 11 lakhs onwards is targeted at the rising Indian middle class. This project is aligned with the Mahindra Group’s philosophy of enabling people to ‘Rise’ and driving positive change.

Sriram Mahadevan, Business Head, Happinest, said, “We have received an overwhelming response to our first phase, having sold over 300 flats since the launch in Diwali. Built on the three pillars of Trust, Better Living and Affordability, Happinest is focused on serving the large underserved home ownership market. The launch of the second phase signals our continued efforts to create thriving communities and enable a larger cross section of people to fulfil their dreams of owning a home in a safe, secure and healthy environment.”

Read entire article on  -  http://mchithane.org/Mahindra-Lifespaces-to-host-Happinest-Homefest.html

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 us at -  (+91) 9833 4583 23 or Email us -  mchithane@gmail.com

501, 5th Floor, Plot No - A-123/4,
Odyssey IT Park, Road No. 9,Wagle Estate
Thane (W) - 400 604, Maharashtra, India 

E-registration of flats launched in Virar

Six months after the Maharashtra government launched the E-registration system, a Bandra based real estate developer has become the first realty company to launch the unique system in Palghar district.

Ekta World has set up the system with latest technology to offer E-Registration facilities for their 2,917 customers in Ekta Parksville, a township project having a built up area of 22 million sq ft at Virar.

Under the new system, customers can register their property by simply visiting the developer's office in Bandra (east) at a time convenient to them. In lines with the process currently followed by the state government's stamp duty and registration department, all the relevant documents like agreement to sale will be scanned by the developer in his office.

Read entire article on  -  http://mchithane.org/E-registration-of-flats-launched-in-Virar.html



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 us at -  (+91) 9833 4583 23 or Email us -  mchithane@gmail.com

501, 5th Floor, Plot No - A-123/4,
Odyssey IT Park, Road No. 9,Wagle Estate
Thane (W) - 400 604, Maharashtra, India

Real Estate News | Changing realty market of Rabale

Real Estate News | Changing realty market of Rabale

Changing realty market of Rabale

March 16, 2015




Considered an unsung hero of Navi Mumbai's realty, Rabale's
realty market grew well in the initial stages when Ghansoli and Airoli
saw a splurge in commercial development. At that time, Rabale was known
as an industrial hub which employed a sizeable population earning enough
to own a home in the nearby areas, which were then villages. With time,
as the area and profile of the workers changed, the locality saw
concrete buildings coming up in place of small residential houses. This
not only gave hope of better living to those who were employed locally
but also brought fresh spirit to Rabale's real estate market.



Read all Real Estate News Mumbai at - http://mchithane.org/real-estate-news-thane.html

Real Estate News Mumbai | Thirty of India' s 68 billionaires live in Mumbai

Real Estate News | Thirty of India' s 68 billionaires live in Mumbai



Thirty of India's 68 billionaires live in Mumbai, making the country's financial capital sixth on the list of 20 global cities surveyed in the Knight Frank Wealth Report 2015 released on March 9. 

Planning to live among the billionaires? Check out the high-end properties in Mumbai -

On top of the billionaire population list is New York with 114 followed by Moscow (91), Hong Kong (53), London (49) and Beijing (37). With 68 billionaires, India has been ranked seventh of the 97 countries surveyed in the report. USA heads the list with 515 billionaires (see chart). The report stated that Mumbai's billionaire population will grow 110% by 2024.

Read entire story at - http://mchithane.org/Thirty-of-India-68-billionaires-live-in-Mumbai.html 

Read all Real Estate News of Mumbai only at - http://mchithane.org/real-estate-news-thane.html

 

Navi Mumbai International Airport project back on track

According to CIDCO, the Navi Mumbai International Airport Project has four good bids now.
The Navi Mumbai International Airport has been conceptualised as the eighth largest in the world, spread over an area of 1160 hectares to handle 60 million passengers a year and at an estimated cost of Rs 14,500 crore. Mumbai's dreams of becoming the first city in the world to boast of two airports never took off as the city developer CIDCO was unable to acquire land from farmers. But this all is set to change, reports CNBC-TV18’s Alexander Mathew.

According to CIDCO, the Navi Mumbai International Airport Project has four good bids now.

Read entire article on  -  http://mchithane.org/Navi-Mumbai-International-Airport-project-back-on-track.html


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 us at -  (+91) 9833 4583 23 or Email us -  mchithane@gmail.com

501, 5th Floor, Plot No - A-123/4,
Odyssey IT Park, Road No. 9,Wagle Estate
Thane (W) - 400 604, Maharashtra, India