Comments on Mumbai Property Exchange: Mumbai Property -2008

Mr. BulWhy the land cost you have considered is 25...

2008-06-22T09:46:00.000+05:30

Mr. Bul
Why the land cost you have considered is 2500? (sorry). last month in Times of India Govt of maharashtra said that the revenues they get from selling land is negligible (inspite of receiving thosands of crores rec'd from private builders as published in the regional newspapers). and they are publishing that land cost is minimal 500 to 2000(max) per sq ft
Where this money is going? God only knows

Comment by: Bul - May 03, 2008, 6:31 AM

Residential Property costing is as follows:
Construction cost @ Rs.1250 per sq. ft.
+ Land Cost @ Rs.2500 per sq. ft. (If Land costs is @ Rs.5000 per sq. ft. - i.e. in good location)

YES

2008-06-18T15:42:00.000+05:30

YES

I have bought a flat at borivali(w) in Jan 2007 @ ...

2008-06-07T16:59:00.001+05:30

I have bought a flat at borivali(w) in Jan 2007 @ the rate of Rs 3800/Sqft. Today the rate has reached to Rs 7000/Sqft.
should I sell the flat now because may be the rates will go down in future

I have bought a flat at borivali(w) in Jan 2007 @ ...

2008-06-07T16:59:00.000+05:30

I have bought a flat at borivali(w) in Jan 2007 @ the rate of Rs 3800/Sqft. Today the rate has reached to Rs 7000/Sqft.
should I sell the flat now because may be the rates will go down in future

I have bought a flat at borivali(w) in Jan 2007 @ ...

2008-06-07T16:58:00.000+05:30

I have bought a flat at borivali(w) in Jan 2007 @ the rate of Rs 3800/Sqft. Today the rate has reached to Rs 7000/Sqft.
should I sell the flat now c=because may be the rates will go down in future

I feel that those prospective buyers who wish to o...

2008-05-24T15:06:00.000+05:30

I feel that those prospective buyers who wish to own or invest in a flat in Mumbai should wait a few more months for prices to go down. Surely, the interest rates and inflation to reach new highs in 2008, making a lull in property maket and no buyers so builders will have no choice but to reduce the rates.
Definitely, a year of upper hand to new flat buyers.

Property price issue in mumbai nowdays is become a...

2008-05-19T09:50:00.000+05:30

Property price issue in mumbai nowdays is become a cat and mouse game between developers and buyers, depending on who can withhold his nerves for long. Builders don't watn to give in and sticking greedily to take advantage of unrealistically high prices.
On the other hand,buyers would like to wait and watch further as the prices have started showing signs of slow down. But as demand slows, builders do not want to start new projects to keep demand intact..Anyway, one thing is sure that Mumbai property market has stabilised.

I don't think investing in Panvel Property will yi...

2008-05-16T10:56:00.000+05:30

I don't think investing in Panvel Property will yield any good returns now or even in the next few years. In fact property market is forecasted down trend by many experts and professsionals in the coming years that includes Mumbai predominantly.

Property prices in Panvel's new projects at the moment is on the higher side and market may stay stagnant for quite a long time.

Panvel is a strategic location close to Mumbai, Pu...

2008-05-11T12:17:00.000+05:30

Panvel is a strategic location close to Mumbai, Pune and hill stations like mathera, khandala and lonavala hence any good property in Panvel will definitely appreciate in a 2to3 years time by atleast 1.5 times. So investors have right time now to buy flats or houses there.

Panvel residency is a high quality residential com...

2008-05-10T16:19:00.000+05:30

Panvel residency is a high quality residential complex in a non polluted sceneric area where I've invested in 3BHH flat. It's very close to propoed new airport and being a railway station is another adventage. Forthcoming over seas bridges linking Sewri, Nariman point and Panvel will raise property prices in 4yrs. time.

Hirco is coming with the Panvel Residency project ...

2008-05-09T16:53:00.001+05:30

Hirco is coming with the Panvel Residency project soon. What is the anticipated price ? Also, what would be the economics of such as investment - what would be renting potential to this property post completion. Would appreciate any relevant input.
Thanks, Jitendra

Hirco is coming with the Panvel Residency project ...

2008-05-09T16:53:00.000+05:30

Hirco is coming with the Panvel Residency project ...

2008-05-09T16:51:00.000+05:30

Property rates in Mumbai have stabilised in last f...

2008-05-08T11:07:00.000+05:30

Property rates in Mumbai have stabilised in last few months.
Property developers fear that rates may decline as demand not quite like in 2007. High interest rates and inflation make buyers stay away. Resale flat prices will see correction too.

The property rates differ as per reputation of the...

2008-05-05T15:35:00.000+05:30

The property rates differ as per reputation of the builder. when one books flat at Hiranandani or kalpataru like builders, he's assured of quality and timely occupation. Buyers don't mind the rate demanded but yes some overnight so called builders dupe flat buyers and at the same time ask the price which is not worth.

If these kind of builders ask worthless high price , then buyers need to reject them.

Then how come one builder offers lower rates for ...

2008-05-03T16:56:00.000+05:30

Then how come one builder offers lower rates for the similar type of property located adjoining to each other at the same place, same road and with exactly same amenities, for example at L.B.S.raod, Mulund west?

I think some greedy builders speculate the prices by bannering 'SOLD OUT' for artificial increase in demand.

Residential Property costing is as follows:Constru...

2008-05-03T16:01:00.000+05:30

Residential Property costing is as follows:
Construction cost @ Rs.1250 per sq. ft.
+ Land Cost @ Rs.2500 per sq. ft. (If Land costs is @ Rs.5000 per sq. ft. - i.e. in good location)
+ Rs.500 per Sq. ft. is Admn. cost, Professional charges etc.
+ Rs.250 is License Fees etc.
Therefore the cost per square feet of an apartment is
@ Rs.1250+Rs.2500+500+250
= Rs.4500 per Sq. Ft.

It's true and open secret that today's unbelievabl...

2008-04-30T20:43:00.000+05:30

It's true and open secret that today's unbelievable property prices in Mumbai are the result of nexus between builders and bania investors who want to squueze out money for their greedy profits from the real users by booking at lower rates and then selling thru estate agents at 50% higher price. At these prices, higher income earners also can't afford and think thousand times before buying. I know how salaried class people who have home loans,suffer by keeping tight budget and both husbsnd and wife have to work hard to meet the ends. Prices are rising unrealistically and unethically. If all the needy people show reluctance and wait with patience then rates will fall due to lower demand.

the suburban mumbai properties offered by builders...

2008-04-30T13:51:00.000+05:30

the suburban mumbai properties offered by builders today are completly out of reach for majority of the mumbaikars including people with both husb and wifes working in blue chip firms. The market has been completly spoiled by the builder-investor mafia wherein this bania investors who are close to this builders buy into the properties at low levels and create an artificial "sold out" noise in the market. than they handover the property back to the builder to get them a good price.this rampant practise has pushed prices purely on greed.the markets will correct in the medium term and it will be the final user buyer who will end up in sorrow. it is important that the actual buyers dont buy into this hysteria and scare mongering sales pitches and make sensible decisons on whther such apartments are worth buying at the price quoated and whether their is capital apeciation at all in the future

Thanks anonymous for replying to my mhada query

2008-04-28T18:08:00.000+05:30

Thanks anonymous for replying to my mhada query

Thanks anoymus for replying to my mhada query

2008-04-28T18:06:00.000+05:30

Thanks anoymus for replying to my mhada query

check this for mhada information http://mhada.bom....

2008-04-25T16:15:00.000+05:30

check this for mhada information http://mhada.bom.nic.in/, but u shoud know before u have to stay here fo r 15 yrs

If anyone knows when and where mhada is going to d...

2008-04-24T16:23:00.000+05:30

If anyone knows when and where mhada is going to develope old buildigs and how to get forms?

The stagnant and downward real estate market in Mu...

2008-04-22T16:28:00.000+05:30

The stagnant and downward real estate market in Mumbai is particularly the effect of increased supply and lesser demand.
Higher inflation and interest rates contibute further. Investors as well as real end users are advised to wait for six more months before making any commitments as the prices will nose dive till end of 2008.

Thank Nayan, for your view. I find someone first t...

2008-04-22T15:39:00.000+05:30

Thank Nayan, for your view. I find someone first time as a estate agant who believe that the rate is too high in Mumbai. Please update us regarding the price falling