Latest Property News from Mumbai Property Market

Latest Property News, Tips & Analysis by our expert team
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Morgan Stanley Leases out Prime Commercial Space in K Raheja Altimus at Worli

Nov 05 2022

Worli is in the New Hot Spot and the new city centre of Mumbai, with Morgan Stanley picking up another 86200 sq ft at the Altimus Towers, Worli which is going to be one of the Newest and most Premium Commercial Development for Head Quarters in Mumbai. On the other hand BKC is now being awarded the 2nd Central Business District of Mumbai by Mr.Eknath Shinde CM - Maharashtra.

If you are in Bandra and near Western Express Highway the time to reach BKC and to Worli New Commercial office building Altimus of K Raheja Corp off.Dr.Annie Beasant Road, is pretty similar through the Bandra Worli Sea Link and it is far more refreshing ride than going to BKC with the current traffic conditions in reaching into BKC.

Worli as a location with High End Commercial and Residential buildings is likely to command a better pricing and higher lease rent returns. The Altimus building is located off Dr.Annie Beasant Road and on the South, North and West side from higher floors it will get Sea View and South Mumbai and Worli - Prabhadevi side view and from the East side it will look into Mahendra Towers and Lodha Worli Towers - Trump Towers and Birla Niyaara side.

Morgan Stanley has already office spaces in Goregaon and the very fact that they have chosen Worli as a location speaks volumes about the fact, that this location is far preferred by the Top Management who already reside in Oberoi Three Sixty West, Raheja Artesia, Lodha World Towers, India Bulls Blu, Raheja Vivarea, Omkar 1973 and the entire South Mumbai.  In the past 5 years we have seen most of high ticket transactions by High Net Worth individuals in the Worli - Bandra who are who so who of the Indian Corporate and Heads of institutions.

K Raheja Altimus is one of the latest buildings by the renowned K Raheja Corp and with Morgan Stanley taking up nearly 86200 Sq.Ft will open up vistas for other MNCs to have their operations in South Mumbai and in a A Grade Development. The lease rent value transacted at Rs.325/- PSF introduces the base rate for this building and with 6 months deposit. K Raheja had acquired this land of 3 acres from Siemens and this entire building should be ready by Mid 2023.

Its interesting to see that, while BKC has been favored a lot by MNC’s - Worli which houses CJ House etc. is now going to be an alternate option for large corporates who do not need to be in BKC and yet be in one of the most plush addresses in South Mumbai. With coastal road coming from Nariman Point to Worli the distance for HNI’s residing at Walkeshwar and Cuffe Parade won’t be too much and knowing K Raheja and their efficient team, they will fill up this building in no Time.

In a short span of max around 18 months to 24 months, the Worli - Dr.Annie Beasant Road Metro Station will be ready which will be less than 5 min walk from which means superb connectivity for other office team mates who may be traveling from Suburbs or from Cuffe Parade.

Oberoi Realty has a large piece of land where the Worli TV Tower is and across the road the HBS stalled project is likely to be acquired by a leading developer so Worli - Dr.Annie Beasant Road neighborhood has lots in store.

So if you are looking to invest, buy, sell in Worli, then please be mindful of the infrastructure and prime real estate being developed.










Paradigm Antalya - 101 Downtown Jogeshwari - Andheri West Review

Oct 28 2022

Very often you will be passing through locations which are dotted with either Slums or old shops and bad infra and one day when you pass the entire scenario is changed by the fact that all the Slums are gone and all the old shops are gone and guess what is coming up, Malls, High End Retail and efficiently planned beautiful homes with in 5 min driving distance to Lokhandwala Complex, which is the heart of Andheri West.

Yes, Paradigm Anatalya - 101 Downtown Jogeshwari is launched on relief road in Andheri West, which connects Oshiwara to S V Road and with the new bridge Connecting to Highway, any one can reach from Western Express Highway to 102 Downtown Jogeshwari - Andheri West in less than 5 minutes.

The 10 acre land parcel where Paradigm Antalya - 101 Downtown is designed has Residential Towers with efficiently planned 1, 2 and 3 BHK or 2.5 BHK which are just not efficient planned but even priced. One of the highest sales are recorded in the shortest span of time in this project.

Prozone who are mall specialists and have multiple malls across the country are coming up with a Mall in 101 Downtown Jogeshwari and this will add to the value in the area, it will be a very similar feel to Infinity I or II located in both Andheri West and Malad West, giving the charm of located on the main road and the buildings behind.

Paradigm Anatalya as a project is ideal of self use or investment in a long term and starting from 81 Lakhs in Andheri West of carpet areas nearly 380 Sq.ft on an average is a fantastic run away from the rented house to your own house and yet has scope for capital appreciation.

For Booking and Preferred Allotments - Please Connect - Sandeep Sadh - 9820030685

Authorized Channel Sales Partner of Paradigm Realty.

MCHI CREDAI Homes Property Exhibition at BKC Grounds, Bandra East

Oct 08 2022

MCHI CREDAI Homes Property Exhibition at BKC Grounds, Bandra East
 
MCHI CREDAI Property Exhibitions have been a ritual each year for home buyers and this year is the 30th edition of the MCHI CREDAI Expo which will be held from 13th October 2022 to 16th October 2022 giving a chance to Home Buyers and Business Visitors, Channel Partners and Real Estate Agents to come and meet their Developers, Understand the Projects etc.
 
The beauty about Property Exhibitions is that you get to meet a lot of New People, Sales Teams and of Course your Channel Partner colleagues etc.
 
This Exhibition is under the able leadership of Mr.Boman Irani, Mr.Dhaval Ajmera and Mr.Nikunj Sanghavi who are ensuring that the Buyers get the best possible options at the Property Exhibition and there for more than 100 Developers are participating and they will showcase more than 500 Projects in the Mumbai Metropolitan Region.
 
It’s also Diwali Time and the festive offers come in from Developers and a few to name are Zero Stamp Duty, Easy Payment Schemes, Home Loan as low as 6.9% with Selected Financial Institutions etc. A few developers are likely to roll out offers like winning a Kia Seltos Car, Gold Coins, AC and Modular Kitchens as an add on etc.
 
So all in all it’s a Good Time to visit the Exhibition at your convenience over a 4 day period.
 
The Top Participating Developers in the CREDAI MCHI Property Exhibition are Rustomjee, L&T Realty, Veena Developers, Ajmera Group, MICL, Paradigm Realty, Prestige Group, Dosti Group, Tridhaatu, K Raheja Realty, Nahar, Platinum Groups, Kanakia and many more with loads of offers.
 
The Exhibition this year is larger than life and it’s like the Big Boss of All Exhibitions with Celebrity Inaugurations lined up on all the 4 days, you have Master Classes, Motivational Speakers, Award Night for the best, Business Networking Meets and Channel Partner Panel Discussions to understand the real estate market in depth from who so who of real estate.
 
This Exhibition is going to set another record of sorts with the number of foot falls as post covid this is the 1st Exhibition by MCHI CREDAI and you must not miss this one.
 
Look forward to seeing you at the MCHI CREDAI Property Exhibition 2022.

Online Registrations on www.mchihomes.com

 

Jio Convention Centre to Host Mumbai’s Largest Property Expo 2022 - HOMETHON

Sep 27 2022

Jio Convention Centre to Host Mumbai’s Largest Property Expo 2022 – “HOMETHON” by NAREDCO Maharashtra

Exhibitions world over are held to educate the masses for understanding the offerings by the best in the Industry. For Mumbai in the next 1 week starting 30th September 2022 to 2nd October 2022 NAREDCO Maharashtra is hosting one of the Largest Property Expo 2022 – HOMETHON. As the name suggests it’s going to be one of the only kind of exhibition being hosted at the Jio Convention Centre at Bandra Kurla Complex, Bandra East, Mumbai.

What is so special about this Convention? This convention is happening after a long recess due to Covid to begin with and the Top Developers of Mumbai under the able leadership of Mr.Sandeep Runwal and Dr.Niranjan Hiranandani who are the stalwarts of the Mumbai’s Real Estate and have a vision for the residents of the City.

HOMETHON is going to be centred around the Home Buyer, to enable him to understand a lot about the ongoing projects of Top Developers beginning from Godrej Properties, Hiranandani Group, Prestige Runwal Group, Kanakia Group, Raunak Group, The Wadhwa Group, L&T Realty, K Raheja Corp, Piramal Realty, Nahar Group, MAN Infra, Shapoorji Realty, Birla Estate, Labdhi Lifestyles, SUGEE, Dynamix Group, Flora Developers, Zara Habitats, Y M Infra, Paradise Group, Bhumi World, Transcon, Crescent Group, Paradigm, Suraj Estate, Antariksha, VKG, Tata Realty, STG Realty, Chandak Group, PRESSCON, ARKADE, SIDDHA, Tata Realty, GHP Corp, Ground Holding, Pashmina, Atharva, Roha Realty, AP Realty, Paradigm, Sheth Creators, Vihang Group , HubTown, HomeXchange, Bharat Realty, VKG, Agarwal Group, Heritage Poddar Housing etc.. and many more who have participated in the Exhibition. Participating Developers - https://www.propi.in/homethon

For a Home Buyer it’s a win-win situation as within a few hours of being at the Expo, he or she can decide on their favourite project, meet the Sales Teams and take the Exhibition Special offers and Deals. NAREDCO has been extremely pro-consumer and they are ensuring that all the projects which are exhibited are RERA Registered and are of repute developers and the home buyers should be extremely comfortable to transact on spot. Ongoing Projects of Developers - https://www.propi.in/HomeThon-Project-Offers-Deals

The Venue being one of the best in the World adds to the Comfort of the Home Buyer and the Prop Tech driven convention centre has SBI, ICICI, HDFC, Central Bank of India, Indian Bank, Axis Bank, Bank of Maharashtra, Union Bank, Bank of India, Canara Bank, Tata Capital, Aditya Birla Capital, PNBHFL, LICHFL, Bajaj Housing Finance and Few More… as their lead Home Loan Partners. Home Buyers can avail the best possible rates on Spot along with the Corresponding properties.

Its like "Abhi Nahin to Kabhi Nahin" the whole Eco System of the Expo revolves around the Home Buyer and with 150 + Developers and around 1000 + Projects the choice which NAREDCO is bringing on the table makes it a compulsive event to be there.

Home Buyers in Mumbai are going to be spoilt for choice in this Expo 2022 as this Expo will cover the majority of the Top Developers in Mumbai and having to view their offerings under one gorgeous venue will be an additional incentive to surely visit the HOMETHON and you can register on www.homethon.com

The Expo starts at 10 AM and will continue till 8 PM in the evening and you have a FREE Entry and a FREE Car Parking at the Jio Convention Centre.


Propi.in is a CP Tech Partner and will assist Channel Partners with online Registration and information during the event.



Under Construction Projects in Great Demand in Mumbai

Sep 27 2022

There is a renewed interest in Buying a New Home in Mumbai. Projects by Godrej, Ajmera, Oberoi, Runwal, Hiranandani, Raheja Universal have shown immense interest from home buyers.

Before the end of 2022, both the Metro Lines from Dahisar East/West to Andheri East/West should commence and that will be a boon for travellers commuting between these locations. Its anticipated due to the heavy movement in these locations that a lot of commuters will go up on the Metro and the link road and the express highway may just get a little less congested. Even if the Metro take away 20-25% of the Commute load from the main roads the traffic congestions will ease.

Owing to the above, the demand fro real estate is likely to be be profound in the Western Suburbs to begin with. Central Mumbai infrastructure is also building up well and with the Trans Harbour link a lot of traffic going out of South Mumbai towards Lonavala - Pune etc will disappear from the Chembur - Ghatkopar belt and move towards Sewri and down to the otherside.

Commuting and infrastructure go hand in hand and so do real estate prices in Mumbai. Its advisable to take any property which is closer to Metro stations so that your connectivity in moving within the city is easy and not hampered by long travels.

 

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