Mumbai Real Estate

Home Prices Are Through The Roof In These Cities. How Mumbai Ranks

Business | Lee Miller and Wei Lu | Friday October 5, 2018

In 15 of the 100-plus municipalities surveyed by Bloomberg, the monthly housing cost for units used in the analysis would be at least double an average income. Mumbai, Buenos Aires and Kiev led the "impossible dream" pack.

Mumbai Home Prices Post First Drop in Decade

Business | Dhwani Pandya, Bloomberg | Wednesday January 10, 2018

The past year has been packed with uncertainty and volatility for the real-estate sector as reforms nudged developers toward being more transparent.

GST, Notes Ban Lowered Cities' Real Estate Ranking, Says Report

Business | Press Trust of India | Monday November 20, 2017

The note ban last year and GST rollout had impacted investment and development prospects of the cities, PwC said.

Mumbai's Real Estate Launches Dip By 24% In January To March: Survey

Business | Press Trust of India | Thursday June 8, 2017

Launches dropped by 24 per cent at 4,900 units against 6,500 a year ago, a study conducted by the property consultancy firm Colliers International found.

Mumbai Plans To Revamp Major Chawls Upsets Tenants Paying Rs 20 A Month

Mumbai News | Reuters | Tuesday June 6, 2017

More than 16,500 families live in the four Bombay Development Directorate's chawls in prime sites. They pay a monthly rent of about Rs 18-20 each. Now city officials are set to redevelop the colonial-era chawls in south and central Mumbai.

Demonetisation, Red Tape Dragged Real Estate Sales Down, Says Builders Group

Business | Press Trust of India | Saturday April 29, 2017

Getting government approvals was also a major cause of concern, the Builders Association of India president Vijaya Rghava Reddy said Saturday.

Residential Prices May Rise 6% In Mumbai In 2016: Report

Business | Press Trust of India | Monday May 9, 2016

As the demand in the residential real estate market continues to remain subdued, the average price appreciation in the megapolis is expected to be nearly 6 per cent in 2016, a study said.

Essar Sells Business Park in Mumbai for Rs 2,400 Crore

Business | Press Trust of India | Wednesday February 3, 2016

Essar Group on Wednesday announced the sale of its Equinox Business Park, comprising 1.25 million sq ft office space, at prime Bandra-Kurla Complex (BKC) in Mumbai to realty firm RMZ Corp for about Rs 2,400 crore.

Pune, Hyderabad, Navi Mumbai in 10 Affordable Property Markets: JLL India

Business | Press Trust of India | Tuesday January 12, 2016

Hyderabad, Pune, Navi Mumbai, and Ahmedabad were among the 10 affordable property markets in the country where flats were available within the budget of Rs 30-50 lakh, according to JLL India.

In Mumbai Developer Suicide Case, Corporators Given 5 Days to Surrender

Mumbai News | Written by Ankita Sinha | Wednesday December 2, 2015

The Bombay High Court has rejected the anticipatory bail plea of four corporators in connection with Navi Mumbai real estate developer Suraj Parmar's suicide case.

Home Buyers Delaying Purchase Due to Higher Price in Mumbai: Report

Business | Press Trust of India | Monday August 3, 2015

Owing to escalating property prices and a slowdown in sales, mainly due to consumers postponing their buying decisions, there is an inventory pile-up of 46 months in the Mumbai Metropolitan Region (MMR), property portal Indianproperty.com has said in a report.

Mumbai Costlier than Dubai For Buying Prime Property: Report

Business | Wednesday March 11, 2015

Only Sao Paulo, Dubai and Cape Town are cheaper than Mumbai out of 20 cities in Knight Frank ranking, when it comes to buying a prime property.

Living in Mumbai? See How Many Years It Would Take to Buy a Property

Business | Saturday November 29, 2014

According to a report by personal finance portal Arthyantra, property prices in Mumbai have gone up by as much as 50 per cent over the last three years. That means it will take a mid-income professional (with a salary of Rs 8 lakh) 13 years to accumulate enough money for paying the down payment for buying a property in Mumbai, the report says.

In Space-Starved Mumbai, Big Plans for a Facelift

Business | Wednesday November 19, 2014

The redevelopment of Mumbai's mostly derelict docklands will, if a government appointed panel has its way, create a waterfront where people living in the world's second most densely-populated city can go to lift their spirits, and the rich can go to play.

Mumbai Least Expensive City to Live in: UK Report

Mumbai News | Press Trust of India | Thursday September 25, 2014

Mumbai has emerged as the world's least expensive city to live and work in, according to a latest real estate analysis.