Low-priced affordable housing near Mumbai

Posted on May 27, 2016
Buying houses in the top Indian cities is no longer as simple as it used to be years ago. With sky-touching house rates and scanty land availability, it is becoming increasingly difficult to purchase your own home in the metros of India, especially Mumbai. The city maybe over-crowded leaving no space to step a foot, but its charm will never seize to lure more aspiring dwellers. Even though it may seem almost impossible to buy a low-priced accommodation for yourself in this city of dreams, you can pick cheap housing in some suburbs around Mumbai with adequate connectivity to the main city.

Panvel
Panvel already flaunts a developed side to itself – Old Panvel. The outskirts of this place still has scope for more township developments. The place is well connected by local trains as well as state transport buses. Local trains regularly connect CST to Panvel paving way for efficient commuting. The townships here sport a whole range of facilities that people look for when hunting for a suitable home – right from schools, parks, shopping outlets to hospitals. A 1BHK in this locality ranges from 20 Lakhs to 40 Lakhs.

Badlapur
Badlapur is seen transforming into a residential hub only in the recent past. Earlier it was a well-known industrial sector. This place is gradually turning into a suburban area with promising township projects that have been launched in the recent past. Badlapur is developing at a fast pace infrastructure wise. It is proving to be a cheap and a smart investment destination.

Ulwe
Though Ulwe is still developing slowly, its massive land availability indicates a bright future for this suburb real-estate wise. It has great connectivity through Nerul, Vashi and Belapur. The picturesque landscape around this suburb adds to its beauty. Ulwe is close to highways, sports club, expressway, etc. A 1BHK in this locality ranges from 29 Lakhs to 40 Lakhs.

Taloja
Close to Kharghar National Highway and NH-4, Taloja flaunts multiple new township projects. Besides its own railway station, it is supposed to have a new metro station as well. This suburb has plenty new infrastructure projects that will enhance its connectivity to Mumbai city in the coming future. Taloja has basic amenities that people look for when searching for a suitable place to invest in a house.

Koper Khairane
Already a developed suburb and densely populated, Koper Kharaine consists of an expanse of civic utilities – theatres, multiplexes, restaurants, shopping spaces, etc. A self-sufficient locality, it is also well connected to the city.  It is predicted that a 40 Lakh real-estate investment in this locality today will optimistically reap 65 Lakhs within three years.

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Private equity investments in realty rise 40 per cent to Rs 3,840 crore in March quarter

Posted on May 27, 2016
NEW DELHI: Home sales in the top Indian cities may not be growing at a brisk pace but private equity investments in real estate rose 40% year-on-year in the quarter to March at Rs 3,840 crore. Of this, 48% orRs 1,870 crore went into the residential segment, according to a report by property consultancy Cushman & Wakefield.The retail real estate ...
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Building rents on the rise

Posted on May 27, 2016
HyderabadThe task of finding suitable buildings either in Vijayawada or Guntur has been entrusted to the department heads. The district collectors, however, will decide on the rent to be paid by individual department or directorate. The officials have been given the power to enter into lease agreement with the owners of buildings for up to three ye ...
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Commercial realty offers investment opportunity worth $43-54b

Posted on May 27, 2016
Value of REIT - eligible stock is seen to be the highest in Bengaluru at $15.8b followed by Mumbai at $14.5 billion.Indian commercial real estate offers investment opportunities worth $43-54 billion across top eight cities through Real Estate Investment Trust-eligible ready stocks, said a new report.Approximately 315 million sq ft of office invento ...
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Office rentals rise on higher space demand across top markets

Posted on May 24, 2016
A rise in demand for office spaces in the last one year coupled with shortage of new supply in key micro-markets has pushed up office rentals across top markets.Rentals in Gurgaon's Cyber City area rose 13% in the last one year while those in Bengaluru's Whitefield and Electronic City rose 12%. Rentals in Bengaluru's non-IT locations such as Korama ...
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Pune residential prices rose by about 8% in 2015: JLL

Posted on May 24, 2016
The current year is likely to see prices rise by 4-6%, and stable sales velocity. Given the positive investment scenario in India and unabated demand for office space in the city, residential demand in Pune has remained healthy over the last few years.In 2015, Pune beat the average capital value appreciation across key Indian cities in the resident ...
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India's net FDI flows to hit $38 billion in FY17

Posted on May 24, 2016
India's net FDI flows are expected to rise further this fiscal to $38 billion on emergence of some "positive signs" such as regulatory easing in select sectors and reform measures initiated by the government, says a report."Net FDI flows in 2015-2016 stood at around $36 billion as against $31 billion for 2014-2015," Kotak Institutional Equities sai ...
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Piramal Fund invests $63 mn in Lodha project

Posted on May 24, 2016
Piramal Fund Management, the real estate investment arm of Piramal Group, has invested Rs 425 crore (about $63 million) in an ongoing residential project of Lodha Group, the Mumbai-based developer said in a statement.The money will be used for construction of premium residences in a project located in central Mumbai. The project has more than 5 lak ...
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Office rentals rise on higher space demand

Posted on May 21, 2016
NEW DELHI | MUMBAI | BENGALURU: A rise in demand for office spaces in the last one year cou pled with shortage of new supply in key mi cro-markets has pushed up office rentals across top markets.Rentals in Gurgaon's rose 13% in the last one ye Cyber City area rose 13% in the last one year while those in Bengaluru's Whitefield and Electronic City ro ...
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Mahindra Lifespace Developers launches Phase 3 of Antheia in Pune

Posted on May 21, 2016
Mahindra Lifespace Developers has launched Phase 3 of its Residential Project 'Anthenia' in Pimpri, Pune on May 19, 2016.Mahindra Lifespace Developers is a real estate development company. It offers residential and integrated large format construction in Mumbai, Pune, Delhi and NCR, Nagpur, Hyderabad, Chennai and Bengaluru. Its projects include mas ...
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Chennai Residential Prices Rose By More Than 2.2% In 2015

Posted on May 21, 2016
Known to be a market driven more by end-user demand than speculative investors, Chennai has never seen runaway price escalations unlike some of the more speculative markets in India. As the southern city matures, the size of its residential market has been expanding over the past few years. The residential market witnessed a price appreciation of 2 ...
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Commercial realty witnesses rising interest from private equity funds

Posted on May 21, 2016
BENGALURU/MUMBAI:The commercial real estate sector is witnessing increased interest from private equity funds , with several large institutions focusing on completed and leased commercial assets for investment.In 2015, private equity real estate firms deployed more than $5 billion in Indian real estate companies and projects — the highest since the ...
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Govt to transfer entire ULC land bank to MHADA for affordable housing

Posted on May 21, 2016
By Accommodation Times News ServiceAfter drawing flak from all the corners for allocating land to an institute of filmstar Hema Malini, who is also Member of Parliament of Bharatiya Janata Party (BJP) at throwaway price at Mumbai, the BJP- Shiv Sena led State Government has changed the policy of allocating land in 9 cities including Nagpur. Now, th ...
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Good news! Residential projects getting cheaper in big cities

Posted on May 18, 2016
New Delhi: The new residential projects in big cities like Delhi NCR, Kolkata, Mumbai, Pune, Ahmedabad, Bengaluru, Chennai, Hyderabad were launched at prices lower than the prices of projects unveiled one or two year ago.It meant that the number of units sold in the first quarter of 2016 sold were aldo more compared to the slump year of 2015.As per ...
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Housing prices down 1% during March quarter in Delhi-NCR: 99acres

Posted on May 18, 2016
NEW DELHI: Housing prices fell by 1 per cent in Delhi-NCR during January-March this year compared with the previous quarter on sluggish demand, according to a report by realty portal 99acres.Rentals also fell by 1 per cent during the last one year.The report captures capital and rental price trends of the residential realty market on quarterly basi ...
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Office space deals up 8% in Q1 2016: Propstack report

Posted on May 18, 2016
MUMBAI: The absorption of commercial real estate including outright purchases and leasing of office space in India's top seven markets increased to 5.8 million square feet during the first quarter of 2016, up 8% from that a year ago, according to commercial data information and analytics firm Propstack.This signals continuation of the strong reviva ...
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Delhi-NCR witnesses 62% rise in new home launches in Jan-March: C&W

Posted on May 18, 2016
According to property consultant, Cushman and Wakefield (C&W), launching of new homes increased to 62 per cent to 4600 units in Delhi-NCR during January –March period despite sluggish demands and unsold stocks.Of the total launches, over 40 per cent were seen in the affordable housing segment.Average ticket price in the affordable housing segme ...
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Private equity investments hit all-time high in 2015

Posted on May 18, 2016
Mumbai: Private equity investors made the highest number of exits in five years in 2015 and fresh investments into India hit an all-time high during the year, according to Bain and Co.s India Private Equity Report 2016.This year, too, exits could remain strong but the pace of investments is likely to reduce as transactions, particularly in the con ...
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Airport boost for Thane-Navi Mumbai-Raigad belt

Posted on May 18, 2016
With the Mumbai airport reaching its saturation point, all eyes are set on the Navi Mumbai International Airport (NMIA). The second airport in the city has the potential to boost development in the surrounding areas, giving an impetus to creation of new smart cities, commercial and industrial zones in the Navi Mumbai-Thane-Raigad region.The state g ...
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Home buyers and investors protest delay in completion of Dwarka Expressway

Posted on May 18, 2016
NEW DELHI: Home buyers and investors in residential and commercial projects across the under construction Dwarka Expressway in Gurugram today protested at the Jantar Mantar in NEW DELHI against delay in completion of the expressway.Over 350 families from 17 projects on the expressway, under DXP Welfare Association, came for the protest and demanded ...
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