Semi furnished Apartments/Flats for Rent in Mall avenue Lucknow

These are the new-age investors who, based on their lifestyle, prefer to live on rent in city centres but buy property in the suburbs to create a real estate investment portfolio.

Mumbai is the costliest city in India, researches confirm. Property prices are highest in the city and given the housing demand, prices have gone up. The estimation is based on cost of residential property on rent, cost of owning a 2BHK in Mumbai, cost involved in commuting from home to workplace and back, electricity cost, cost of engaging a cook and maid, lifestyle-related costs such as movies, restaurants, entertainment avenues, cost of a pre-school or daycare for your young ones, cost of petrol and even cost of meals at budget hotels.

Senior housing has been picking up among the elderly looking for an environment that promotes community living. However, this real estate segment still seems to have certain challenges that need to be addressed, including demand-supply mismatch, expensive equipment, right location and right marketing avenues. Founder and Managing Director of Eden Retirement Living Deepak Gupta, in a conversation with Gunjan Piplani of MakaaniQ, shares his views on how the segment is working towards overcoming these challenges.

The first phase of the Mumbai Coastal Road project, a proposed 34-kilometre freeway running along the western coastline, is expected to begin by October 2018. The freeway will link Princess Street Flyover near Marine Lines to the south-end of the Bandra-Worli Sea Link (BWSL) under Phase-I and upto Kandivali under Phase-II. The project will be developed at an estimated cost of Rs 15,000 crore and will decongest the Western Express Highway and boost real estate developments across the western Mumbai.

For the Budget 2019-20, the SDMC has proposed to levy property tax on residential properties based on various category of colonies. The proposed rates for residential properties falling under categories A and B is 14 per cent, instead of 12 per cent. For categories C, D and E, the corporation has proposed property tax 12 per cent, instead of 11 per cent. For the F, G and H categories the property tax would be levied at eight per cent, instead of seven per cent.