For a detailed analysis to be done on Real Estate Agents India, Mumbai can be divided into Island City, Western, Central and Extended Suburbs, Thane and Navi Mumbai. In the first section, within the triangle already mentioned, there are Napeansea Road, Cuffe Parade and Altamount Road.which have witnessed soaring demand for high-end properties. South Mumbai offers spectacular sea view. A few of the projects being launched in this market command rates as high as Rs. 30,000-Rs. 50,000 psf. The rates in Mumbai Central, Tardeo Road and Grant Road range from Rs. 12,000 to Rs. 21,000 psf. All the divisions and sectors is providing the agents with profit,that too more than what they really expect.
Simultaneously, the erstwhile mill lands in Central Mumbai locations (Lower Parel, Prabhadevi and Mahalaxmi) are now the largest source of land parcels in the micro-market. Knight Frank research has calculated that 8.27 million sq.ft. of housing area will enter the Island City by the end of 2009-10, the majority in Central Mumbai.
Western Suburbs will be reaping the advantages because people looking for shelter have been moving from South to North Mumbai due to fresh supply and less capital value in the latter area . Besides, many corporate houses are leaving CBD (Central Busi ness District) of Nariman Point and Fort to SBD of Bandra-Kurla Complex and Andheri-Kurla Road and as such the employees too want affordable accommodation in these areas. Infrastructure development is also a factor. Bandra, Khar, Santacruz, Andheri and Vile Parle have gained prominence as housing hubs. At the same time, huge residential complexes are mushrooming in Goregaon, Malad and Kandivili. Capital values here range from Rs. 4,500 to Rs. 7,000 psf.
Simultaneously, the erstwhile mill lands in Central Mumbai locations (Lower Parel, Prabhadevi and Mahalaxmi) are now the largest source of land parcels in the micro-market. Knight Frank research has calculated that 8.27 million sq.ft. of housing area will enter the Island City by the end of 2009-10, the majority in Central Mumbai.
Western Suburbs will be reaping the advantages because people looking for shelter have been moving from South to North Mumbai due to fresh supply and less capital value in the latter area . Besides, many corporate houses are leaving CBD (Central Busi ness District) of Nariman Point and Fort to SBD of Bandra-Kurla Complex and Andheri-Kurla Road and as such the employees too want affordable accommodation in these areas. Infrastructure development is also a factor. Bandra, Khar, Santacruz, Andheri and Vile Parle have gained prominence as housing hubs. At the same time, huge residential complexes are mushrooming in Goregaon, Malad and Kandivili. Capital values here range from Rs. 4,500 to Rs. 7,000 psf.