MUMBAI 1BHK

The Dissapearing 1BHKs: Why finding small flats has become so difficult in Mumbai

The availability for 1BHK apartments in Mumbai has dropped significantly from 115 to 71 in just one year. This shift can be attributed to lifestyle changes accelerated by the pandemic, with remote working and co-living arrangements becoming more common. People now seek more spacious homes that cater to evolving needs, such as dedicated workspaces or hobby areas.

This Indian city to see highest rise in prime residential property prices in world next year: Report

Mumbai has recorded the sixth highest year-on-year growth in prime residential property prices among global cities in the April-June period of 2023. With a hike of 3.6 per cent year-on-year in Q2 2023, Bengaluru ranked at 20th position on the list. 'Prime Global Cities Index' is a valuation-based index tracking the movement of prime residential prices across 46 cities worldwide. Knight Frank has also provided the forecast for 26 global prime residential markets for the year 2024. Read on

House rentals rise 4.9% in June quarter: Magicbricks

The rental housing market continued to grow in the top 13 cities of India with a 4.9% quarter-on-quarter increase in average rent as demand outpaced supply, according to Magicbricks rental index for the April-June period. While demand grew 18.1% sequentially, supply rose 9.6%.

Housing prices in this Delhi-NCR area jumped 46% in Q2; know how much property prices have risen in your city

Housing prices in Kolkata have increased by 15 per cent year-on-year (YoY) in the April-June quarter of 2023. It was the highest increase in residential prices among the eight cities, according to a report released by CREDAI and Colliers Liases Foras. Check how much property price has risen in your city

Average price of a 3-BHK flat in this Navi Mumbai locality is Rs 1.52 crore

Average monthly rent for 2BHK flat in north, east Bengaluru rises up to 24 pc in Jan-Mar: Anarock

In its report, real estate consultant Anarock said that Thanisandra Main Road and Marathahalli-ORR in Bengaluru recorded highest residential rental growth of 24 per cent each year-on-year in January-March period for a standard 2BHK home of 1,000 square feet area. Whitefield and Sarajpur in Bengaluru were at second and third positions with 21 per cent and 20 per cent growth, respectively, in rental between January-March 2022 and January-March 2023.

What is the deal with India's affordable housing market?

With the pool of affordable homes shrinking rapidly, mid-segment buyers in metros like Hyderabad, Bengaluru, Pune and Chennai are being pushed to the fringes. As houses in the Rs 50 lakh-60 lakh bracket are at least 30-40 km away from city centres, the middle class is left with two choices: commute for hours both ways or pay a fortune towards rent to stay in the city.

Mumbai Metropolitan region leads in home demand; Delhi NCR lagging behind: Pankaj Kapoor

Demand for affordable and priority housing segments has declined due to higher costs, while mid and upper segments continue to show growth. The pandemic has led to an increased aspiration for larger homes, with new projects launching slightly larger 1 BHK and 2 BHK apartments. However, increasing property prices and interest rates have resulted in a cumulative increase in the cost of owning a home by nearly 28-30%, with affordability shrinking by 15%.

Avg monthly rents for 1,000 sq ft 2BHK flats rise up to 23 pc in top 7 cities from 2019 level: Anarock

In Kolkata, the monthly rentals at EM Bypass grew 16 per cent to Rs 22,000 from Rs 19,000, while those at Rajarhat increased 11 per cent to Rs 16,500 from Rs 14,800. As per the data, the average rental values in Bengaluru's Sarjapur Road increased 14 per cent to Rs 24,000 from Rs 21,000 per month.

Virat Kohli & Anushka Sharma's plush 4BHK villa in Alibaug may be priced at Rs 13 cr

The cricketer had a clear vision when designing his weekend home.

Amin Poonawala didn't share much details about son Aaftab while renting flat near Mumbai, claims estate agent

"Amin Poonawala told the Andheri-based owner of the flat that three members of his family, including himself, his wife Munira and their son Ahad will occupy the flat. He told the owner that his other son (Aaftab) was staying somewhere but not with them. Except this, he didn't share any details about Aaftab," he said.

Capital values of high-end and luxury apartment soar in Mumbai and Delhi-NCR: Savills

Capital values of completed and under-construction projects in Gurgaon increased by 10% Y-o-Y in H1 2022, while in Delhi demand for luxury floors picked up, which, coupled with limited new ready supply, pushed up prices by 7% Y-o-Y in H1 2022.

Mumbai resident says going by air to Goa is cheaper than taking an Uber

The screenshot contained prices for the three different car options. After Mr Shravankumar’s tweet, many people replied to his tweet expressing their thoughts. Rahul Kumar, a Twitter user, calculated what the charge would have been by the book. He questioned whether diesel or petrol is costly and added that the estimated distance in question would approximately be 50 km.

Housing demand up 6.7% in Q1, supply remains stable, Magicbricks Report

Mumbai with 15.2% rise, Gurugram 9.6%, Noida 8.2% and Delhi 5.6% witnessed highest sequential growth in demand, while Greater Noida with 6%, Mumbai 3.8%, Ahmedabad 3.2%, and Chennai 2.9% exhibited maximum growth in supply.

Realty hot spot series: Average cost of 3BHK is Rs 1.2 crore in this Mumbai locality

The price range of properties in Navi Mumbai's Panvel is Rs 5,000-Rs 9,300 per square foot. The average cost of 1 BHK, 2 BHK and 3 BHK is Rs 42 lakh, Rs 76 lakh and Rs 1.20 crore, respectively.

Government puts on sale MTNL, BSNL assets worth about Rs 1,100 crore

The Department of Investment and Public Asset Management (DIPAM) website has listed MTNL assets located in Vasari Hill, Goregaon in Mumbai for sale at a reserve price of around Rs 270 crore.

Realty hot spot series: Average cost of 3 BHK in this Mumbai suburb is Rs 2.3 crore

The area of Kanjurmarg-Bhandup is well-connected with all major areas of eastern and southern Mumbai through the Central line and the Eastern Express Highway.

Realty hot spot series: Average price of 3 BHK in this Mumbai suburb is Rs 67 lakh

The price range of apartments in Vasai-Virar is between Rs 3,500 and 7,656 per square feet. The average price of 1 BHK, 2 BHK and 3 BHK is Rs 29 lakh, Rs 45 lakh and Rs 67 lakh respectively.

Sales of 3-BHK houses increase by 19% across top 7 cities: Report

Many of the working population in India are now looking to get larger homes as Work from Home (WFH) is still a recommended suggestion by the central and state governments to follow for corporates.

Realty hot spot series: An area in Mumbai with quality infra, access to major job hubs

ET Wealth realty hot spot series takes a look at Andheri west-Jogeshwari west in Mumbai. The area has major social amenities such as St. Mary’s High School, Gyan Kendra Sec. School, Kokilaben Dhirubhai Ambani Hospital and also offers key shopping avenues such as Andheri West Market, Infiniti Mall, Citi Mall and Fun Republic nearby.

75% of real estate developers offered discounts to attract buyers in 2020, says new survey

According to a report by international property consultant JLL, few developers in certain markets are providing moderate price discounts to boost sales. Moreover, developers are offering attractive freebies including payment schemes such as no EMIs for a year, no stamp duty and so on to attract homebuyers who pressed ‘pause’ in the last few months.

Realty hot spot series: This Pune locality is an established residential area

Properties from 1-4 BHK are present in this area priced between Rs 4,900 per sq ft and Rs 12,300 per sq ft. A 2-BHK (1040 sq ft) costs an average of Rs 79 lakh and a 4-BHK (2,670 sq ft) costs Rs 2.11 crore.

Realty hot spot series: Average price of 1BHK in this Mumbai locality is Rs 1.24 crore

Bandra Kurla Complex (BKC), in Mumbai, is a prime business district hosting various government offices and corporate offices. The locality has excellent connectivity and good social infrastructure.