| This year, South and Central Mumbai are
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| | maintained buildings in prime localities
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| expected to witness a fair amount of
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| | commanded rates that ranged between Rs.
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| premium residential projects, as
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| | 18,000 to Rs. 28,000/sq. ft., however,
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| extensive construction activity gets
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| | some of these prime buildings have now
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| underway for developing condominium style
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| | begun to command up to over Rs. 30,000 to
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| residential colonies that offer
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| | Rs. 40,000/sq. ft.
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| state-of-the-art amenities and will be
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| | Several projects in various stages of
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| ready for occupation, within the next
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| | construction in suburbs in Mumbai's
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| 12-18 months.
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| | north, along the Malad - Goregaon -
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| Large four to five bedroom apartments
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| | Kandivili belt and Andheri / Powai, are
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| that range between 4,000 - 8,000 sq. ft.
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| | expected to be completed within the next
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| (super area) and priced at Rs. 30,000 to
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| | 12 - 24 months, which will lead to
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| Rs. 40,000/sq. ft. (on super area) are
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| | stability in prices. However, apartments
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| already on offer by numerous developers.
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| | ready for immediate occupation continue
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| The interest of end-users and investors
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| | to be in short supply. With considerable
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| alike has been snagged with sops, such
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| | commercial activity in northern and
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| as, the promise of staggered payment
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| | north-eastern suburbs, it is anticipated
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| based on construction stages, including
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| | that the demand-supply gap and lack of
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| the benefit of relatively lower prices
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| | infrastructure will be a continuing
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| for pre-committing to the project.
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| | limitation.
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| However, both south and central Mumbai
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| | With demand far outweighing ready supply,
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| continue to face a paucity of adequate
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| | rental values are likely to rise in prime
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| ready-to-occupy apartments; coupled with
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| | buildings in most parts of Mumbai.
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| a clear demand for 2/3/4 bedroom
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| | However, prices / bookings are expected
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| apartments ranging between a net area of
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| | to slow down for highly priced premium
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| 1,400 sq. ft. to 2,200 sq. ft. A
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| | projects under-construction, as the
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| demand-supply mismatch is the main cause
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| | number of prospective purchasers for such
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| of rapid price escalation over the last
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| | high value apartments is limited.
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| quarter. Till last year, old, well
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