Thane, Navi Mumbai accounted for 40% of new launches in city

Mumbai: Despite the weak market sentiment, Mumbai witnessed a significant rise in housing projects, from January to June and the lords and Mumbai accounted for nearly 40 percent during the first half of 2014, total units launched launched in Mumbai, according to CB Richard Ellis Research.

Micro-market, high as Dronagiri, Karanjade, Panvel and Ulwe Navi Mumbai and locations as well as Ghodbunder Lu Seen formed during the mid-segment units launched a significant proportion, said property consultants CB Richard Ellis.

Selected within the range of 3% -5% of the expansion in the eastern suburbs of Mumbai appreciation of high quality miniature and market capitalization, while the high end segment growing about 8% -10%.

Land prices in the eastern suburbs to increase in the range of 7-9 percent.

Looking to the future, a lot of inventory accumulation is likely to remain stable capital values ??in the short to medium term in most micro-markets, the report said.

"Mumbai may witness the second half of this year has added a new section at the end of the project to start. Suburban location of the city? Like Kandivali, Mulund, Mumbai lords and the main areas of growth will continue to maintain a steady supply due to improvement in infrastructure and housing units "CB Richard Ellis South Asia, Anshuman magazine, chairman and managing director said.

He further said that although housing demand does not pick up during this period, is expected in the upcoming festival, improve, improve mood and relaxed on the back of market interest rates.
source : WEB