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What Are The General Trend Differences Between Residential And Commercial Mumbai Ongoing Constructi by tunksal tunksal
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What Are The General Trend Differences Between Residential And Commercial Mumbai Ongoing Constructi by TUNKSAL TUNKSAL
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| Article Posted: 05/06/2013 |
| Article Views: 235 |
| Articles Written: 226 - MORE ARTICLES FROM THIS AUTHOR |
| Word Count: 434 |
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What Are The General Trend Differences Between Residential And Commercial Mumbai Ongoing Constructi |
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Business,Business News,Business Opportunities
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The key trends in ongoing real estate projects in Mumbai are determined by both macro and micro economictheories. The talking points are: Mumbai Ongoing Construction Projects • Despite current slowdown from which our economy is still recovering, the buyers and the investorshave shown optimism and solidarity. • The expected return from a real estate investment is still between 8% and 13% which is on the higherside. • Though there is an over-supply due to the dormant period of recession, still space transaction iscontinuing in strategic locality. • As opposite to each other in total space absorption ratio, ongoing residential projects Mumbai atNariman point and BandraKurla Complex are still attracting buyers from different strata of society.•http://firstmumbaiproperties.com/ongoing-residential-projects-in-mumbai/ still agree that small floor area has the largest buyers’ share. • In case of ongoing real estate projects in Mumbai, Commercial market in real estate is still controlledby IT boom of the 90s. • The projected macro-economic tendency is still downswing due to decelerated GDP growth andrupee’s downward spiral. The RBI has reduced the prime lending rates last year in its annual monetary policy to prop up theeconomic growth. But the flip side of this includes an upside risks to inflation. It is a fact the overall slowdownhas definite impacted adversely as far as commercial absorption is concerned in ongoing real estate projectsin Mumbai and this has led to a paradigm shift towards ongoing residential projects Mumbai. Ongoing Projects Mira Road The buildersare remodeling their commercial projects in to residential apartments and the rate is coming down rapidly.Now it is up to the buyers whether they would wait for more down slides in the rates or they take a chancewith the current scenario. One point is clear; the rental absorption has always been steady in Mumbai due tovarious demographic amalgamations for commercial purpose. Ownerships in prime location will not show anychange and in the outskirts of Mumbai, the development would take another decade to match with the maincity.Interestingly, though we always keep a line of demarcation between residential and commercial realestate projects as per space absorption ration, it is the commercial real estate that always gives push to theresidential sell out. For example, among the first phase of development in Mumbai, the Central BusinessDistricts of Nariman point, Church gate and Cuffe Parade is located in the southern part of the city where bigcorporate houses have built their offices. In fact the VidhanBhawan, Ongoing Projects Mumbai the so called power Centre of Maharastrais also located here. Now many government institutions including Indian Railways have built their staffapartments in the close vicinity of the CBD!
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