Oberoi Realty – Mumbai Property Exchange

Location vs Location

The property market in Mumbai is set for another locational price and demand and supply war.

After the New DCR and specially over the past few months no Developer can complain that he is not getting permission from the BMC as if his files are as per the new norms there is no reason why he should not get permissions to construct.

This has spelt good news for the consumer or the home buyer as each location in Mumbai has something or the other to offer to a home buyer.

The only place we don’t have new construction today is South of Tardeo which is proper South Mumbai.

For further location analysis please visit the research section of our website.

http://www.mumbaipropertyexchange.com/research/consolidated-availability

We do see certain locations having an oversupply and certain locations still have a huge demand.

Top 10 Investments in Mumbai, Thane and Navi Mumbai

It is always great to find out the best investment opportunities in Mumbai, Thane and Navi Mumbai. While there are several new launches, but one has to evaluate the projects, micro location and other minute details before investing in any of the projects.

We list down below the Top Investments in Mumbai, Thane and Navi Mumbai..

1. The Promenade – Wadhwa – Ghatkopar

2. Rising City – Ghatkopar – Consortium of 5 Developers

3. White City – Rajesh Life Spaces – Kandivali East

4. Oberoi Esquire – Oberoi Realty – Goregaon East

5. Altamonte – Omkar – Malad East

6. Olivia – T Bhimjiyani – Thane

7. Rustomjee Urbania – Thane

8. Godrej City – Panvel

9. Casa Paseo – Lodha – Dombivali

10.Ekta Parksville – Virar

These projects have been chosen after a detailed study of Micro Markets and the Demand and Supply Analysis. For further details of these projects, please feel free to connect with us.

Sandeep Sadh

ssadh@mumbaipropertyexchange.com

Location, Infrastructure, Developer and Price

This is the New Mantra Today as far as Mumbai city is concerned. 2014 should be a good year for Mumbai as far as the infrastructure story goes.

By the End of this year, we should have the following much delayed projects in place.

1. Santacruz Chembur Link Road.

2. Chembur Ghatkopar Freeway extension road.

3. Mono Rail to Lower Parel from Chembur/Wadala.

4. Metro from Ghatkopar to Andheri West.

The most awaited once there after, which would be pretty interesting for the real estate market would be.

1. Andheri West – JVLR Connectivity – Half bridge over the SV Road is ready.

2. Goregaon West – Ram Mandir Road to Western Express Highway – Half bridge again ready.

3. Oshiwara station – with both east and west connectivity, FOB etc.

4. Andheri West – Yari Road – Lokhandwala Bridge.

5. Goregaon Mulund Link Road.

Keeping in mind, the above infrastructure projects, the New Mantra for real estate development is L I D P…..Location, Infrastructure, Developer and Price.

For the current day home buyer, it is imperative to understand the new infrastructure development, which will help build the connectivity and a quicket access from Home to office. The infrastructure development of a Santacruz – Chembur link Road can lead to a price hike in the eastern suburbs and locations like Santacruz East.

The much awaited Trans Harbour link from Sewri to Nhava Sheva has been announced and it is on paper still. Imagine, what the potential it will have whenn it is done. 15 Min away across the sea, the prices are 5000 PSF and Sewri prices are 17000 plus.

So, please be informed what is happening around your location and in the distant location before you make an investment.

Sandeep Sadh

Mumbai Property Exchange Pvt Ltd.

It’s Raining – Forest Land in Mulund

Mulund also fondly known as Prince of Suburbs is in for a great activity in coming days. With Oberoi Realty, Runwal and Nirmal Lifestyle now getting a clean chit from the Supreme Court to go ahead and develop their respective properties, which earlier fell in the Forest Zone.

Mulund as a micro market has a lot to gain with this as a lot of people like to reside in the city limits of Mumbai and there is a virtually a very short distance between Mulund and Thane.

The most important thing which all these lands offer is the Greenery around the location and the very fact it is closer to the hills it offers scenic views which are not found otherwise in most of the suburbs across Mumbai.

With property prices in Mulund scaling above 11000 mark, it will be interesting to see the kind of mix of configurations the developers come out with and how quickly who will launch will be the biggest beneficiary as the absorption levels in Mulund may be quiet less compared to a Borivali or Thane because it is tucked away in one corner.

Also, the infrastructure impact in Mulund is limited and the only one road which has yet to make in roads is the Mulund Goregaon Link Road. Once the same is done, then there could be a great convergence as the Western Suburbs will then connect well with the Eastern Suburbs.

Ideal configurations for Mulund would be 1, 1.5, 2 and smaller 3 BHK.

Sandeep Sadh

Mumbai Property Exchange Pvt Ltd.

Interesting Property Times in January 2014

Mumbai property market to become very interesting in January 2014.

Brace yourself for new launches by Shapoorji, L&T, Lodha and a lot many top real estate developers in the market.

The Year 2013 saw an amazing trend with Developers having a strategy of pre-launching at prices which were way below the under construction property prices and the ready possession stock. Most of the projects launched with strategy by Lodha, Kalpataru, Shapoorji, Omkar and other developers witnessed superb traction.

Year 2014, should see a similar trend with Builders wanting to exit projects with maximum sales at lowest prices, as unlike 2010 – 2011 markets, there are many more projects in the market and at levels of parity in micro locations.

The market of 2013 and 2014 is going to be similar, but the only difference being that in 2014 Second Quarter, we may see a major bounce back of confidence due to the new government.

If you are a fence sitter, do review the situation that Top Developers don’t launch projects every few month. So do not wait thinking too much if you see a Top Developers project launched in your budgets. With 3-5 years possession you are bound to see an upside in most of the New Launches. It may be difficult to see what kind of returns one can expect, but be rest assured, that you will get better returns than any financial product and a quality asset which you can use in future.

Wish you a Great New Year ahead.

Team – Mumbai Property Exchange.com

small Is BIG

Kalpataru Sunrise Thane launch witnessed a huge turnout and by the end of the day, the developer sold out majority of its buildings.

Apparently, the developer sold the smaller 2 bhk flats to employees and Hdfc fund employees etc.

This new trend which Lodha Group started has been captured well by Kalpataru who have launched the project at an aggressive price of 7500 psf.

Post the 4 states election results this would be considered a Rocking launch and a feeler that the investors segment and the fence sitters are catching the right project at the right price.

Now, let us evaluate Worli where we have few developers constructing 3000 to 10000 psf apartments in the luxury segment.

Tough times ahead for them for sure.

Sandeep Sadh.

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