Mumbai Monthly Real Estate Monitor May 2017 - MYREALITY.In, Real Estate, Share Market, Mutual Fund, Insurance
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Sunday, June 04, 2017

Mumbai Monthly Real Estate Monitor May 2017


Mumbai Monthly Real Estate Monitor May 2017

DATA ANALYSIS FOR THE MONTH OF APRIL 2017

From JLL INDIA

RESIDENTIAL


Mumbai residential sector witnessed improved new launches as well increased demand. 

Majority of projects were launched in affordable and mid category which witnessed healthy demand during the month. Most of the projects were launched in suburbs.

New Launches:
Kalpataru Paramount at Thane

Ruparel Optima at Kandivali

Chembur Central at Ghatkopar

Key Precincts
Rental Value (INR per month for a 1,000 sq ft 2BHK apartment)
Capital Value(INR per sq ft)
Lower Parel
65,000-1,10,000
25,000–40,000
Wadala
36,000-60,000
13,500–23,000
Andheri
32,000-55,000
12,500–21,500
Ghatkopar
30,000-46,000
11,500–17,000
Ghodbunder Road
12,000–25,000
6.000–9,500
Kharghar
10,000–18,000
6,000–9,000



Policy/ Infrastructure
•The Mumbai Metropolitan Region Development Authority(MMRDA) had begin work on viaduct above piers on the Metro VII corridor (Dahisar-Andheri via WEH).
•Maharashtra government hiked ready reckoner rates by 3.95% on an average from April 1 in Mumbai.


Office Market

Mumbai Office Market witnessed moderate transactions during April. Interestingly, strong pre-commitments recorded in upcoming quality buildings. BFSI occupiers continued considering NaviMumbai for setting up back offices.

Major transaction:

IDFC Bank in Navi Mumbai

Key Precincts
Rental Value (INR per sqft per month)
Capital Value(INR per sq ft)
Lower Parel
165 -210
17,500 -22,000
BKC
230 –320
27,500 -34,000
Andheri -Kurla Road
100 -150
10,000 -16,000
Goregaon-Malad
85 -135
9,500 -12,500
Wagle Estate
50 -65
5,200 -6,900

Retail

A new mall of good quality commenced operations in the Suburbs sub- market.

 It comes with good pre-commitments.

Major transactions

Inoxin Suburbs

Bata in Suburbs

New Completion

Sea woods Grand Central Mall, NaviMumbai

Key Precincts
Rental Value (INR per sqft per month)
Capital Value(INR per sq ft)
Lower Parel
260-390
23,000-32,300
Malad
130-200
12,500-19,000
Ghatkopar
130-220
11,100-18,300
Mulund
100-190
10,500-15,500
Thane
100-150
8,000-14,500
Navi Mumbai
95-140
8,000-13,000



Mumbai Monthly Real Estate Monitor May 2017 Reviewed by S. Chitra on June 04, 2017 Rating: 5 Mumbai Monthly Real Estate Monitor May 2017 DATA ANALYSIS FOR THE MONTH OF APRIL 2017 From JLL INDIA RESIDENTIAL Mumbai...

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