realestate2022

Ganesh Chaturthi 2018: Will it bring about a revival in Mumbai’s property market? Amidst rising prices of essential commodities, increasing home loan rates and a falling rupee, we look at whether the festive season starting with Ganesh Chaturthi, holds any positives for the real estate market in Mumbai Ganesh Chaturthi marks the start of the festive period. It is a time, when developers strive to clear their old stock, increase sales and capitalise on the positive sentiment. For home buyers, the festive season translates into good deals and offers on property transactions. Hence, this period brings a win-win situation for all stakeholders in the real estate sector. However, this year, Ganesh Chaturthi will be celebrated in a scenario, where the Indian rupee is depreciating against the US dollar and home loan interest rates are inching upward. Anuj Puri, chairman of ANAROCK Property Consultants , says that “As per ANAROCK data, out of the total new supply (of approximately 1,14,400 unit...

Bandra-Versova Sea Link Gets Final Approval;  Construction May Start In Oct (Shutterstock) The construction of the Bandra-Versova Sea Link will begin within a month as Maharashtra Chief Minister Devendra Fadnavis has approved the project. The sea link will be thrice the length of the Bandra-Worli Sea Link. Previously, in a bid to fast track the long-awaited infrastructure project, the state government had provided viability gap funding of Rs 2,500 crore, that is collected as a premium for extra floor space index, sold to real estate developers. Being built at an expense of Rs 9,500 crore, the link would be a toll-route. The Maharashtra State Road Development Corporation (MSRDC) will appoint two separate contractors for toll collection and repairs and maintenance. The sea link would be 9.2-km long and would serve as an extension to the existing Bandra-Worli Sea Link. Once operational, the commuters travelling to south Mumbai from Western Suburbs can skip the Western Expr...