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Property Forum

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Dalal Street

Mumbai Residential prices riding high

Thursday, October 28, 2010

Across all the major micromarkets, prices have risen by 10-30% since April 2010. This is after the 20-40% increases in the period October 2009–April 2010. For example, prices in Borivli, a western suburb in Mumbai, are currently at Rs8,000-11,000p sq ft, up from last year’s Rs6,000–8,000p sq ft.

Here are the latest property prices as we obtained from the Exhibition,

Ackruti Sunmist Andheri 16,600
Rustomjee Elanza Malad 12,500
Ackruti Gardenia Mira Road 4,800
Gundecha Symphony Andheri 13,800
Kalpataru Kalpataru Gardens Kandivali 9,500
Kalpataru Kalpataru Towers Kandivali 9,800
Lodha Eternia Andheri 12,500
DSK Developers Madhuban Andheri 7,700
Hiranandani Hiranandani Heritage Kandivali 11,200
Runwal Runwal Elegante Andheri 15,000

Ackruti Vedant Sion 12,500
Ackruti Siddhi Thane 6,300
Nirmal Lifestyle Citi of Joy Mulund 7,776
Nirmal Lifestyle Lifestyle City Kalyan 2,547
Lodha Imperia Bhandup 8,200
Hiranandani Estates Thane 6,700
Gundecha Zenith Mulund 7,200
Nirmal Lifestyle US Open Mulund 7,200
Hiranandani Meadows Thane 6,700
Runwal Pearl Thane 5,200
Runwal Greens Mulund 7,300
Kalpataru Aura Ghatkopar 9,500
Godrej Properties Riverside Kalyan 2,950

Continued strength in volumes at current price levels would hinge on: 1) expectation of continued growth in personal disposable income, i.e., a robust job environment; and 2) stable interest rate.


At 12:27 PM, Anonymous Anonymous said...

Yaar what the hell is happening.. Sunteck Realty is building a 53 storey tower in Borivali at 2000sq.ft. min home size. That means min 1.6Cr+ flats. How the hell are people making so much money?


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