Ramesh Nair, chief operating officer, JLL India further adds that Navi Mumbai, extending all the way to Panvel, is the next upcoming area.
Mumbai, India's financial capital, is set to see 10-15 percent rise in its realty prices, says Ramesh Nair, chief operation officer, JLL India.
Speaking to CNBC-TV18 on the impact urban infrastructure will have on the prices in the city, Nair says areas like Ghatkopar, Chembur and Kanjurmarg had seen prices surge to as high as 28-30 percent on the advent of the Mono rail.
Also read: Housing prices rise by up to 7% in 12 major cities: NHB
"About 1.5 years ago we had 24 months of inventory-unsold apartments. But now it has risen to 36 months. So, there's only so much the prices can increase," he adds.
Nair further adds that Navi Mumbai, extending all the way to Panvel, is the next upcoming area. What has added to the interest surrounding the area is the Sion-Chembur Link Road (SCLR) that has reduced South Mumbai- Chembur travel time from 90 to 15 mins.
Seconding Nair's view, Ajit Mittal, group executive director, Indiabulls Group says momentum is gathering on the Navi Mumbai Airport front. That has helped attract a lot of interest, he adds.
Below is the verbatim transcript of the interview
Sonia: What is the exposure that HDIL has to many of these pockets that could benefit from higher connectivity?
Pandey: We have lot of projects spreading from Ghatkopar to Mulund wherein we have approximately 3-3.5 million square feet of projects. So, with this connectivity coming in, in the last couple of months we have seen the volume pick up in these areas especially in Ghatkopar, Mulund and Kurla. There has been a strong presence in the eastern belt for us and with this point-to-point connectivity coming and the volumes have started to move up. It is a positive sign for Mumbai real estate.
Anda sedang membaca artikel tentang
Mumbai realty to see 10-15% price rise on infra push: JLL
Dengan url
https://olahragakecantikan.blogspot.com/2014/06/mumbai-realty-to-see-10-15-price-rise.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Mumbai realty to see 10-15% price rise on infra push: JLL
namun jangan lupa untuk meletakkan link
Mumbai realty to see 10-15% price rise on infra push: JLL
sebagai sumbernya
0 komentar:
Posting Komentar