Wadala; Mumbai selling for Rs12750/- psf

apartmentsBy Accommodation Times News Services

HDFC Realty is offering 2 bhk for 1.2 cr @ Rs12750/- psf with Rs90 floor rise. The rates have fallen from 18000/- plus from January 2015. Similar deals are been offered by ICICIDirect and few International Property Consultants. Correction in rates have shown a good demand for Middle range cost for homes within city limits.

Demand on the outskirt of Mumbai have increased four folds from January 2016. Virar and Thane got great response and still keeping it low to absorb the supply. Real Estate industry is keeping low profile and is not giving any information to media about the spurt of rising demand and closing successfully.

Brooking houses like Square Yards alone earning Approx Rs 200 cr commission per annum. HDFC Realty, ICICI Home Search and Property Service Division of Dewan Housing Finance Corporation (DHFL) doing wonderfully well.

In Delhi NCR too, few good projects do not have space. Staled projects still do not have takers. But the sentiments all over the country is positive. Land deals are also happening. Small builders who could not complete projects are going in for merger and acquisition. Private Equity are all in game and likely to invest 45000 crore before end of this financial year.

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