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IREF® - Indian Real Estate Forum > Real Estate in India > Real Estate Mumbai > Ulwe - The most hyped Navi Mumbai node today
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Old April 16 2013, 04:47 PM   #141
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2011 Dec-2012 April 2013

Paradise Sahil 5050 5800

Paradise ganga 4000 5000 5600

Lakhani 8 Projects 5150 5700
White Castle,Aura,blue waves

Sky oasis 3500 5400 6000

Mahavir mannat 3800 5500 6000

Bhagwati launched Project bhagwati Quoting 6500 and selling 6000, bay Bliss 6200 and selling 5800.

Where are the Prices going Down?

Property rates if start going down, politicias will create another news, or really news come for start of construction of bamandongri station, or MTHL or Coastal road.

If nothing comes they will organize exhibition.


Rates will hold for ulwe... rare chances of Coming Down.

Mumbai people has hobby of making properties and Investing.

 
Old April 16 2013, 09:53 PM   #142
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Default Property prices drop is reported near by NM proposed Airport areas

Property rates nosedive in Navi Mumbai - Times Of India
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MUMBAI: Investors, politicians, builders and land traders who speculated on property and drove up rates in Navi Mumbai are in a bind because hopes are fast receding of the new airport coming up anytime soon. A major shake-up in the Navi Mumbai property market appears to have already commenced after chief minister Prithviraj Chavan announced that the government was in no position to fix a timeline for start of construction work.

A local source told TOI of a price correction that is based merely on the CM's statement. "A builder in Ulwe (behind Seawoods) suddenly dropped the rate for his land from Rs 60,000 a square metre to Rs 45,000 in the past two days," said the source. "Earlier, buyers were queuing up for this land. Suddenly, the tables have been turned. They are expecting a further downward correction despite the builder reducing the rate to Rs 45,000."

Ulwe is considered a hot property destination because the planned Nhava-Sewri road-link is also expected to touch there. However, work on both the international airport and the link are not expected to start anytime soon.

Last week, TOI reported that Cidco, the nodal agency for the project, is yet to acquire 475 hectares of private land for the airport, which is to be spread over 2,072 hectares. Of the 475 hectares, about 291 are required for aeronautical purposes. The CM told the state assembly that work on the airport cannot start without completion of land acquisition.

"Speculators are nervous. Many politicians, and builders fronting for them, bought large chunks of land in Navi Mumbai hoping the returns would be astronomical once the airport came up," said a local developer. But with national elections barely a year away, these political heavyweights may be forced to sell their holdings at cheaper rates to raise cash to fight the polls.

A source in the Navi Mumbai branch of Maharashtra Chamber of Housing Industry (MCHI) said, "It's a setback for several developers. On Palm Beach Road, builders quoted Rs 18,000 to 22,000 a square foot (super-built-up) for flats and said that the price would double when the airport came up. Today, there are no buyers."

Cidco tenders for commercial plots in Khargar reached up to Rs 1.25 lakh to Rs 1.41 lakh a square metre. These plots were barely half-an-acre to one acre in size. Tenders for residential plots (half-an-acre each) fetched bids of over Rs 2 lakh a sq m a year ago.

A successful bidder for a residential plot failed to pay Cidco because the price he quoted was too high and few clients showed interest in his project. "Such high rates in a super-slow market were mainly in anticipation of the new airport," said the official. Land prices in Dronagiri touched Rs 35,000 to Rs 45,000 a sq m, although it has virtually no infrastructure.

Market sources said developers and hoteliers were eyeing investment in Navi Mumbai. Arvind Goel, president of MCHI, Navi Mumbai, said almost a dozen five-star hotels have come up in the region and another five to six are expected. "People feel cheated, especially those who bought apartments here," he said.

The international airport was first announced by Cidco in 1993. "Since the last many years, Cidco displayed the new airport in its booklets, because of which land prices shot up," Goel said.

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Land prices collapse in Navi Mumbai after CM stated that new airport will be delayed
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Buildings near airport run into legal troubles
 
Old April 18 2013, 03:03 PM   #143
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Default Builders want CM Chavan to clear the air over international airport

 
Old April 18 2013, 03:29 PM   #144
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This is government diplomatic practice for the negotiation with villagers.
Once PAPs will feel that government may not built airport and they will not get anything if airport get canceled, they will settle for less.
 
Old April 18 2013, 08:01 PM   #145
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Default Shilpa Shetty Real Estate company is going to invest in Taloje and Kharghar

Groupco Developers is a 50-50 joint venture between Shetty and Tejuja, who is also a partner in her online property brokerage business. Shetty holds her stake through Kundra Constructions, a joint venture between her and husband Raj Kundra.

She is the chairperson of the company, which will follow an asset-light model wherein it will form alliances with local developers on revenue share basis, but keep majority stake with itself.

Tejuja, managing director of Groupco Developers, says a special project vehicle will be formed for each project. "Our local partner will be responsible for land parcels and approvals while Groupco Developers will execute the project and also market the same," he says.

The first two projects will come up in Navi Mumbai and the ancient port city of Lothal (near Sanand) in Gujarat. It targets a revenue of nearly Rs 700 crore in the next three years through residential projects with total saleable area of around 1 million sq ft in Navi Mumbai and 150 acre project at Lothal.

Its Navi Mumbai portfolio includes a 75,000 sq ft project in Taloja, and another one in Kharghar with 60,000 sq ft saleable space.


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For complete article , Plz check link -
Shilpa Shetty enters realty sector with Groupco Developers - The Times of India
 
Old April 19 2013, 01:59 PM   #146
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my request to all expert in this forum to answer.
especially to Nalindas, Reidiot, they are the masters.

I checked ads given by most of the builder, they noted that they will give possession by 2014.
anybody in this forum have any idea when builders will start giving possession. or any one got possession already.
looking at the development of ulwe, is there any possibility of people will start staying in ulwe by 2014 or early in 2015.
As information given by builders by 2014 railway will be operational by 2014-15
 
Old April 22 2013, 04:32 PM   #147
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navi mumbai airport may get canceled as Juhu airport expansion scheme got approved.

This will give major setback to navi mumbai reality market.
 
Old April 22 2013, 06:10 PM   #148
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Currently there is no news of cancellation.. But this project will take some time to fructify. Also most likely things will be on standby until elections.. and way the election results turn up..
Investment in Ulwe is not a problem... problem is investment at these rates. Don't look at short term benefits.. You need to hold on to 10 to 15 years and who knows..


Quote:
Originally Posted by abhipnd View Post
navi mumbai airport may get canceled as Juhu airport expansion scheme got approved.

This will give major setback to navi mumbai reality market.
 
Old April 22 2013, 09:05 PM   #149
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Quote:
Originally Posted by Sharpj View Post
Currently there is no news of cancellation.. But this project will take some time to fructify. Also most likely things will be on standby until elections.. and way the election results turn up..
Investment in Ulwe is not a problem... problem is investment at these rates. Don't look at short term benefits.. You need to hold on to 10 to 15 years and who knows..
10 - 15 years is good for end users not for investors looking for appreciation.

My take is get away from Navi Mumbai, area especially remote ares like Ulwe, Taloja , Panvel as these market will see huge correction
 
Old April 23 2013, 02:05 AM   #150
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Quote:
Originally Posted by Sharpj View Post
Currently there is no news of cancellation.. But this project will take some time to fructify. Also most likely things will be on standby until elections.. and way the election results turn up..
Investment in Ulwe is not a problem... problem is investment at these rates. Don't look at short term benefits.. You need to hold on to 10 to 15 years and who knows..
Most likely, the current UPA govt is going to be kicked out in the next general elections. Will this change the fate of the Navi Mumbai airport? Will the Navi Mumbai airport be cancelled or shelved indefinitely? Anyway the current UPA govt is no good at executing crucial projects on time.
 
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