Mumbai Latest News - Property & Real Estate

Slum Dwellings Pose Challenge As Mumbai Fights Coronavirus Outbreak Health workers wearing hazmat suits and masks are accompanied by police officers as they conduct an inspection in a residential area, during a nationwide lockdown in India to slow the spread of COVID-19, in Dharavi, one of Asia's largest slums, during the coronavirus disease outbreak, in Mumbai, April 11, 2020. (REUTERS) As coronavirus situation spirals,  property in Mumbai , where more than half of the city’s 12 million population live in crammed space and unhygienic conditions, seem to be posing a daunting challenge in efforts to curb infections. Known as the ‘City of Dreams’,  Mumbai Real Estate  is home to the largest number of billionaires as well as Asia’s largest slum Dharavi -- one of the coronavirus hotspots. While area-wise it measures just about 2.4 square kilometres (sq kms), Dharavi alone has more than one million people. Tata Group Chairman Emeritus Ratan Tata’s remarks, earlie...

Real Estate Project With The Smallest Apartment In India Offers The Biggest Lessons To Mumbai Developers There is an upcoming project in Central Mumbai that offers the smallest apartments in India. The 1BHK  flats in mumbai  size is 188 square feet and the name of the project is Chembur Central. The  2 BHK flat in mumbai  size is 308 square feet. Almost two years ago I opted to visit the project after seeing its sharp marketing campaign that emphasised its low-ticket size of Rs 43 lakh as well as design by noted architect Hafeez Contractor. Among entry-level apartment buyers, Contractor is still a symbol of status and exclusivity. Yet my enthusiasm to visit the Chembur Central project was to see if there was something smart and innovative that was being done by the developer. It turned out that the ‘innovation’ was primarily on trimming the size of a home. There was above-average interest in the  residential projects in mumbai  based on the volu...

Luxury Home Prices In Mumbai Expected To Fall By 1 Pc In 2020: Knight Frank These areas include Cuffe Parade, Napean Sea Road, Colaba, Lower Parel, Worli, Tardeo, Juhu, Bandra Kurla Complex, Santacruz West, Bandra West, Khar West and Prabhadevi, according to its latest report Prime Global Forecast 2020. "The buyers of prime  residential properties in Mumbai  are expected to remain cautious in 2020 due to deteriorating economic environment impacting market liquidity and an additional one per cent stamp duty being levied by the Maharashtra government, taking the total to six per cent. According to Knight Frank Prime Global Cities Index Q3 2019, while  Mumbai Real Estate  was ranked as the 28th fastest-growing prime residential market in the world, registering a 0.8 per cent year-on-year increase in average capital value in Q3 2019, the prices had actually remained stable in the past three months. In the last decade,  Projects in Mumbai  has seen a 1...