recession has slowed the growth and development of the economy of our country. Whether real estate or IT, Mumbai or Delhi, everything was either static or moving forward at a snail’s pace. But the long-awaited revival of the real estate in Mumbai seems to have finally completed the commercial capital of the country. offers high land prices are back with a bang in the city after a gap of over a year and a half. The first quarter of this year already seen property developers for investing Rs 4000 crores in half a dozen offers.

The development of three large property agreements already happened in Mumbai earlier this year. The breakthrough in the property Mumbai The market by the mega real estate transactions was caused, they are: to develop

The offer-250 acres of land at Kharghar, Navi Mumbai is the largest of the three bids in the last two years. crore with an investment of Rs 1530, it won by a consortium of Bhushan Steel and Subhash Chandra of the Essel Group and the city Industrial Development Corporation of Maharashtra (CIDCO).

Next in line are

developers, property Sheth Golden Tobacco Company in Vile Parle bought for Rs 591 crores Rs 571 crores followed by treatment of the group to 18.18 hectares purchase Wadhwa suburb of Ghatkopar Hindustan Composite.

According to sources should be several mega deals in the first areas of the state of Maharashtra in the final phase.

For example, the land bought by Jet Airways in Bandra Kurla complex for Rs 826 crore two years ago was able to come for those sites. They are close to signing a deal to sell the land in a joint development project.

In addition, government agencies such as the Railway Land Development Authority (RLDA), National Textile Corporation (NTC) and Mumbai Metropolitan Region Development Authority (MMRDA) plans to auction off their land. Despite facing setbacks in auctions of land in the past year, these companies have developed new trade.

hopes the housing market, government authorities are restored to better land transactions. For example, RLDA had managed to sell a package last year, but we want 25 sites for 172 acres for sale. The authority hopes to raise Rs 4,500 crore in the coming year land auction.

Real Estate Advisers and members of the planning and infrastructure of the railways have confirmed the improvement of the entire interest of developers. She added that RLDA has received numerous requests for qualification (RFQ) and Expressions of Interest (EOI) from developers for a variety of well-known country.

Although CNT attempt Finlay Mill in Mumbai for sale in Lodha group last year to realize yet, it is the intention of selling a few mills in Mumbai late developer initially planned.

The most important development in Mumbai real estate has been renewed interest in the residential sector. In fact, it was a turnover of housing by the commercial space in the minority. After a marked decline of about 25-30%, house prices rose by 15-20% in recent months as demand has returned to the housing market.

home sales

finished goods rose by encouraging developers to pay more to buy the land. The liquidity of developers is certainly much better now than it was 18 months. All developers are now focusing on residential projects, such as villas, apartments Mumbai , the commercial rents have fallen sharply.

However, the recovery of land transfer authority to the caution this time, for example (a) Earnings before Wadhwa for 0.5 million square meters sold to 1.6 million square feet residential project Ghatkopar (b) Sheth developers plan premium residential apartments on its newly acquired land, and (c) DLF has built his plans for an office building-cum-retail complex in an upscale residential area of Lower Parel modified.


EXIT Realty sign