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Commercial and residential property rates in Navi Mumbai have soared ever since the Special Economic Zone (SEZ) and the Greenfield airport project in Panvel were announced. Mumbai’s residential market has been active over the past two years. Most of the real estate activity in Mumbai has been in the middle to upper middle class segments, though the premium segment which has limited supply continues to attract buyers. Builders In Mumbai there has been some appreciation in the values of prime properties in South Mumbai, Worli and Bandra areas. The prices of commercial properties in Mumbai’s Bandra-Kurla complex are even more than the commercial properties in New York. Residential values are on the rise in the premium South Mumbai properties. Demand continues and there are some new projects coming up in South Mumbai. Mumbai Builders Directory this includes two towers of 60 stories each known as “S D Towers”. The North Western and Eastern suburbs continue to be the preferred corporate locations in Mumbai. As a result, the suburban move by corporates has given a boost to residential developments. Mindspace and Hiranandani, on a regular basis, keep coming up with new developments. Relocation of the American School to suburbs has led to many expatriate officials also relocating their residences to the suburbs. Property is attracting more investors, many of them from abroad. The residential market will see continued activity in the middle-class segment in Rs1-2.5 million (US$ 20,400-51,000) categories. With office and residential projects going in tandem, developers are now going in for integrated developments. http://www.topmumbaiproperties.com/top-builders-in-mumbai-builders-and-developers-in-mumbai market is witnessing a marginal increase in residential segment due to large off take of residential apartments by Reliance Industries. The real estate boom and an upsurge in development activities in major parts of Mumbai have led to a rise in investment prospects in commercial and residential sector. Weakening property demands have resulted in Mumbai real estate builders being weighed down with large stocks. The developers are using their creative skills to sustain themselves in the business. Mumbai Builders Association they are coming up with innovative ideas to not let the Mumbai property market scrub down. While green buildings have already marked their entry in the Mumbai real estate market, the concept of green cover is burgeoning. It is getting cramped by the day as an estimated 300 poor families arrive each day in search of work. Being healthy the green canopy is also a way to reminiscence the good old way of living in the nature’s lap, feels Mr. S Kapoor, Mumbai real estate agent. Builders In Mumbai real estate prices continue to hit high. According to Mumbai real estate builders, generally, the additional cost of Rs 250 to Rs 300 a sq ft for setting up the green cover has no influence on Mumbai property prices per se, that are in any case ascending Rs 10,000 per sq ft. On the back of lackluster sales Mumbai property rates are witnessing a dip, so to retain the interest of the buyers green canopy has now become a trend among the Mumbai Real Estate Developers. It is no longer a city living in Mumbai’s shadow, with its fair share of premium residential properties, glitzy malls and multiplexes, hotels and large commercial spaces.

Published at: Recent Health Articleshttp://recenthealtharticles.org

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