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gautam · 15-05-07

The real estate sector analysts in Mumbai believe that the prices of commercial and the residential buildings located in northern and the southern suburbs of Mumbai would face huge volatility as the construction of Bandra Worli Sea Link Bridge Project moves towards its completion.

The commercial and the residential property prices in South Mumbai are almost double in comparison to the prevailing real estate prices in the Northern suburbs of Mumbai. The average per square foot prices of the residential and the commercial spaces currently available in Bandra are Rs 12,000 and Rs 20,000 respectively. Whereas in South Mumbai, the spaces available in the residential and commercial buildings are quoted at the average per square feet rates of Rs 20,000 and Rs 35,000 respectively. Since one would be able to cover Bandra-Worli distance on the proposed eight-lane Sea Link Bridge within ten minutes, the current imbalance between the North and South Mumbai real estate prices is certainly going to face a huge volatility in the near future.

Most of the developers across the Andheri-Bandra belt have started charging 25 to 30 per cent premium over the current real estate prices for their projects due for completion along with the Sea Project. As the construction of this bridge moves towards its completion, the South Mumbai real estate prices would suffer as the property prices at the northern end of the link witnesses an appreciation. The residential properties located near the entry cum exit points of the ends of the bridge would witness a major price volatility. However, real estate prices would get a fillip due to easy connectivity factor. The project would also fuel the price rise of commercial properties.

15-05-07	#1
gautam New Member Join Date: Sep 2007 Posts: 37 Thanks: 0 Thanked 0 Times in 0 Posts	Sea link to fuel Mumbai land prices The real estate sector analysts in Mumbai believe that the prices of commercial and the residential buildings located in northern and the southern suburbs of Mumbai would face huge volatility as the construction of Bandra Worli Sea Link Bridge Project moves towards its completion. The commercial and the residential property prices in South Mumbai are almost double in comparison to the prevailing real estate prices in the Northern suburbs of Mumbai. The average per square foot prices of the residential and the commercial spaces currently available in Bandra are Rs 12,000 and Rs 20,000 respectively. Whereas in South Mumbai, the spaces available in the residential and commercial buildings are quoted at the average per square feet rates of Rs 20,000 and Rs 35,000 respectively. Since one would be able to cover Bandra-Worli distance on the proposed eight-lane Sea Link Bridge within ten minutes, the current imbalance between the North and South Mumbai real estate prices is certainly going to face a huge volatility in the near future. Most of the developers across the Andheri-Bandra belt have started charging 25 to 30 per cent premium over the current real estate prices for their projects due for completion along with the Sea Project. As the construction of this bridge moves towards its completion, the South Mumbai real estate prices would suffer as the property prices at the northern end of the link witnesses an appreciation. The residential properties located near the entry cum exit points of the ends of the bridge would witness a major price volatility. However, real estate prices would get a fillip due to easy connectivity factor. The project would also fuel the price rise of commercial properties.