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

Andheri West – New Launches Coming

Andheri West to witness maximum capital appreciation in Next 5 Years with 7 Top launches of A Grade (Top Developers) of Mumbai and India.

Mumbai Property market as on Today is on its highest as far as the property prices are concerned in any micro location. From here on, to predict as to which area will have a better price appreciation is something absolutely tough as the same is depending on a lot of Socio Economic Factors, infrastructure development etc.

We have recently concluded a very deep Micro Market Analysis and Research of “Andheri West” as a Micro Location and found a few compelling reasons for this location to have brighter chances of Strong Capital Appreciation over the next few years compared to other locations around the city with similar attributes and price ranges.

A copy of this Micro Market Research based on Inventory overhang, Demand and Supply can be forwarded on request to you.

Andheri West like a Bandra, Breach Candy or a Cuffe Parade has evolved with time and is self sufficient with Hospitals, Theatres, Top Restaurants, Great Residential Community, Schools, Colleges, Malls, Retail and High Street Shopping etc. coupled with a Metro impact which will be starting hopefully beginning of Next Year. The self sufficiency in this location with effluent class living puts it at par with any other location which commands a premium price and hence over the years we have even seen a good number of celebrities, professionals and business families buying homes here.

To the South of Andheri West around 3-4KM away, the prices in Juhu are in the range of Rs.25000/- and going upto Rs.40,000/- PSF. Bandra West prices start at Rs.30,000/- PSF and go upto Rs.60,000/- Per Sq.ft. So Andheri West is likely to be the obvious choice for Home Buyers who are feeling the pinch of paying huge amount of Money in Bandra – Juhu.

We have at least 7 New Launches coming up in the next few weeks in Andheri West – Lokhandwala/Versova/Amboli/ DN Nagar areas with configurations of 1, 2, 2.5, 3 and 4 BHK of Top Developers of India offering Apartment Blocks with all modern amenities and A Grade Constructions. The New Launches are likely to be in the range of Rs.15,500/- PSF to Rs.19,000/- PSF approximately, giving you a great upside. These new launches will rev up the Andheri West market and shift the focus of a Home Buyer from other micro markets in the same price range and even compel the Home Buyer or Investor due to the Strong Investment angle and Quality projects of Top Developers.

In settled complexes like Oberoi Springs off.Link Road, the prices are in the range of Rs.27000/- PSF for Ready to Move in Top Quality Houses and a 2.5 BHK  – 1295 sq.ft apartment sells easily in the range of 3.50CR. There has been no significant launch of any project in Andheri West by Top Developers over the past few years and the aspirational buyer is been waiting on the fence in this location.

If you are looking at a Future Residence or an Investment then we would be glad to have a meeting with you to share you the details on various options so that you are well prepared at the time of the launch of these projects with finer details and a decision.

We are Registered and Preferred Channel Partners of all the Developers coming up with projects in this micro location and we will be able to give you a lot of details, insights and a preferential booking on Day 1 of the opening of the booking.

We also can help you upgrade from your Current Homes or restructure your Real Estate Portfolio and make it more efficient to keep in lines with good lease rental returns and capital appreciation.

Imperial Towers hot favorite with expats for leasing

Imperial Towers, the twin towers at Tardeo built by SD Corp P Ltd are all time favorite with expats. South Mumbai a few years back was one of the most preferred location for relocation.

The same is not a favorite anymore as companies,  consulates etc prefer being in the suburbs the south mumbai old building rents are down by 30 percent.

Imperial Towers are the only ones which see a huge amount of traction.  They are favorite because of the top quality maintenance, safety and common areas.

Rents vary for a 3 bhk for 3 lacs and going upto 5.50 lacs for a duplex.